Bloomberg Environment ministers from the Group of 20 nations were unable to reach full agreement on key climate goals, just 100 days before a critical international conference kicks off. After marathon negotiations that ran through the night, the ministers couldn’t find common ground on phasing out coal or how much to limit global warming, Italian Ecological Transition Minister Roberto Cingolani ...

Bloomberg The UK’s economy could face a loss of more than 4.6 billion pounds ($6.3 billion) in just four weeks if rules on self-isolation following a “ping” from the NHS app aren’t relaxed, according to data from Centre for Economics and Business Research. Since July 19 “freedom day,” the surge of Covid cases in the UK implies that an increasing ...

Bloomberg FirstEnergy Corp surged the most in more than five months after the Ohio utility reached an agreement with federal prosecutors over a corruption case involving a $1 billion state bailout for nuclear power plants. Under a deferred-prosecution agreement, FirstEnergy admitted that it conspired with public officials and others to pay millions of dollars in bribes. The company agreed to ...

Bloomberg China needs to accelerate its build-out of energy sources such as nuclear and pumped-hydro to stave off worsening power crunches in its industrial centres, according to a government-backed think tank. Some of the big cities that have recently suffered power outages when summer demand for air-conditioning peaks are likely to see widening shortfalls in energy supply, according to the ...

Bloomberg Singapore Airlines Ltd’s Indian joint venture expects the last four Dreamliners from its Boeing order to arrive by October 2022, a delay of up to seven months as the US planemaker addresses flaws with the jet and the pandemic weighs on air travel. Vistara, which Singapore Airlines jointly owns with conglomerate Tata Group, has received two Boeing 787 Dreamliners ...

Bloomberg UK retail sales surged unexpectedly in June as consumers spent more in grocery stores to celebrate European championship soccer, adding momentum to the economic recovery. The volume of goods sold in shops and online rose 0.5% from the month before, the Office for National Statistics said. Economists had expected a 0.1% drop. The figures followed an unprecedented jump in ...

Bloomberg Hong Kong will postpone for at least two weeks a plan to start antibody testing at the airport for fully vaccinated people arriving from some areas, people familiar with the matter said, a setback in easing one of the strictest quarantine restrictions in the world. The delay in the second phase of its antibody-testing plan was a result of ...

Bloomberg The redevelopment of Athens’ old airport offered a unique chance to secure pristine sea-side homes close to a major city, and even before bulldozers start to roll, it may already be too late to buy one. Demand has been so strong that all of the apartments in the project’s 45-floor marina tower as well as the 27 beach-front villas ...

Bloomberg United Airlines Holdings Inc. is confident that a domestic travel resurgence will continue despite rising coronavirus infections, leading the carrier to forecast profits for the rest of this year “We don’t just see the light at the end of the tunnel, we’re exiting the tunnel,” Chief Executive Officer Scott Kirby said on an earnings call, citing robust demand. “It’s ...

Bloomberg Uber Technologies, Inc is accelerating its on-demand grocery delivery service in the US, more than doubling the cities where it’s available and partnering with a major grocer as the pandemic-fueled delivery competition heats up. After launching its grocery delivery service last July, Uber said on Monday that it can now be used in more than 400 locations in the ...