Business

FRANKFURT, Germany — Oil prices jumped after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November.

Bottlenecks that gummed up the global supply chain in 2020 have only gotten worse, and evidence is mounting that the holiday season is at risk.

Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped.

LONDON — British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers scrambled to fill their tanks.

Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic.

Sen. Kyrsten Sinema criticized House liberals on Oct. 2 for delaying a vote on the bipartisan infrastructure bill she helped negotiate, blaming them for eroding trust in elected officials.

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.

WASHINGTON — President Joe Biden pledged Oct. 1 at the Capitol to “get it done” as Democrats strained to rescue a scaled-back version of his $3.5 trillion government-overhaul plan and salvage a related infrastructure bill after days of frantic negotiations. But it's not getting done right now.

About 90 volunteers from Bendix Commercial Vehicle Systems constructed beds for children in need at an event in Elyria, Ohio.