Bloomberg Royal Dutch Shell Plc agreed to buy a 51% stake in an Irish project to develop a floating wind farm in the Celtic Sea. Simply Blue Energy’s Kinsale venture will develop the Emerald floating wind farm, with 300 megawatts of capacity initially and the potential to scale up to 1 gigawatts. The companies didn’t disclose the value of the …

Bloomberg Here’s more evidence the clean-tech boom is only getting bigger. Breakthrough Energy Ventures (BEV), the clean-tech venture capital fund led by Bill Gates, has raised $1 billion for a second round of investments after backing 45 startups with its first billion. Created in 2016, BEV began funding startups just as the second wave of clean-tech investments was gaining momentum. …

Bloomberg Total SE has had the fastest start in the race between oil supermajors to achieve net-zero carbon emissions. Europe’s three largest oil and gas companies — Total, BP and Royal Dutch Shell — all announced plans last year to eliminate most greenhouse gas emissions from their operations and the fuels they sell in the coming decades. It marked a …

Bloomberg Ryanair Holdings Plc sought to shoot down Germany’s multibillion euro bailout for Deutsche Lufthansa AG, asking a European Union court to cancel EU approval. Germany’s 6 billion-euro ($7.3 billion) recapitalisation and a state guarantee for a 3 billion-euro loan “discriminates unlawfully between EU airlines,” Ryanair said in an emailed statement. The carrier filed its challenge at the EU’s General …

Bloomberg Canadian Prime Minister Justin Trudeau is introducing sweeping new restrictions on international travel in a bid to stem the spread of new variants of Covid-19 into the country. The country’s largest airlines have agreed to suspend flights to the Caribbean and Mexico for three months, Trudeau said at a press conference in Ottawa. Travellers coming into Canada will now …

Bloomberg United Airlines Holdings notified 14,000 employees that their jobs will be at risk in April after the second round of federal payroll support expires, saying the coronavirus pandemic still weighs heavily on the travel outlook. The new notices cover every work group except pilots, United said. Last month, US airlines recalled furloughed workers after Congress renewed federal aid for …

Bloomberg Cuba will make travellers quarantine under a new set of restrictions announced after coronavirus cases surged this month in the Caribbean’s largest island. Tourists, businesspeople and foreign diplomats are among those who will be forced to isolate at their own expense in government-approved hotels upon arriving, according to a statement on the health ministry’s website. Starting from February 6, …

Bloomberg British bootmaker Dr Martens Plc soared in London trading after owner Permira Holdings and other shareholders raised 1.3 billion pounds ($1.8 billion) in an initial public offering, cashing in on the lasting popularity of its cult footwear. The stock surged 22% to close at 450 pence after pricing its IPO at 370 pence, the top end of an initial …

Bloomberg Toys “R” Us has once again disappeared from America’s retail landscape. The former industry titan recently closed its only two US stores, including a location in New Jersey, according to a spokeswoman. The outlets were opened in late 2019 by Tru Kids Inc, an entity that acquired the brand’s intellectual property during the retail giant’s 2018 liquidation. The new …

Bloomberg HSBC Holdings Plc Chief Executive Officer Noel Quinn said the bank had no option but to close an exiled Hong Kong lawmaker’s account as he defended the lender against accusations it had become a tool of Chinese authorities. Facing questions from UK lawmakers, Quinn said HSBC’s decision was driven purely by the need to comply with local laws. “I’m …