Bloomberg The European Union (EU) is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens. The European Commission wants to give a temporary green label to gas projects that replace coal and emit no more than 270 grams of carbon dioxide equivalent per kilowatt-hour, ...

  Bloomberg Indonesia, one of the world’s top exporters of thermal coal, is pausing exports of the fuel in January to secure dwindling supplies for domestic power plants. The monthlong halt is needed to prevent shutdowns at about 20 power plants in Java, Madura, Bali and other regions, the energy and mineral resources ministry said in a statement posted on ...

  Bloomberg Travel delays continued in the US early Sunday as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US were close to 1,900 early Sunday morning, with over 600 delays already posted, according to the tracking firm FlightAware.com, ...

  Bloomberg Philippine Airlines Inc. received approval to tap $150 million in additional financing and plans to cut its debt by $2 billion, after winning approval last month from a US court for its reorganization plan. “There are immense challenges ahead, but we look forward to tackling them as a reinvigorated Philippine Airlines, better positioned for strategic growth to continue ...

  Bloomberg A year-end order bonanza for Airbus SE has swept away the lead built up by Boeing Co and put the European planemaker in position to claim bragging rights for 2021. Boeing amassed an order advantage in early 2021 fueled by pent-up demand for its 737 Max as the single-aisle workhorse came off a two-year grounding. Through October, its ...

  Bloomberg China issued a stern warning to Walmart Inc. following allegations that the company’s warehouse stores in the country stopped selling items from Xinjiang, ramping up pressure on the retail giant amid rising tensions with the US over the western province. The Central Commission for Discipline Inspection, the Chinese Communist Party’s anti-graft watchdog, rejected suggestions that inventory management was ...

Bloomberg Denmark’s government wants to drop fossil fuels in domestic air travel by 2030 in its most recent push to meet its climate targets. The Nordic country, which recently proposed to boost investments in the green hydrogen industry, wants the first domestic flights to use green fuel no later than in 2025, Prime Minister Mette Frederiksen said in her annual ...

  Bloomberg Hong Kong consumers will face higher prices for fresh produce, daily necessities and electrical goods over the coming weeks as a result of Cathay Pacific Airways Ltd.’s long-haul cargo flight halt, the South China Morning Post reported on Saturday. Consumers will experience food and product shortages in the next two to three weeks, especially seafood and vegetables, the ...

  Bloomberg Indian investment bankers are set for their best year ever, collecting almost 26 billion rupees ($347 million) in fees from local initial public offerings (IPOs) that have reached an all-time high in 2021. A little over 110 companies ranging from online grocers to food delivery and beauty start-ups listed their shares in Mumbai this year, raising almost $18 ...

  Bloomberg The Bank of Japan (BOJ) is on course to buy the smallest amount of local equity this year since former Prime Minister Shinzo Abe took office, a far cry from last year’s record haul during the height of pandemic. The BOJ purchased a total of 873.4 billion yen ($7.6 billion) in exchange-traded funds through December 27, according to ...