Bloomberg European stocks tumbled as a new strain of the coronavirus in the UK caused chaos ahead of the Christmas holiday, with regional neighbours suspending travel with the nation following another missed deadline in Brexit talks. Travel and energy shares dragged the Stoxx Europe 600 Index down around 2% at the open as Italy, the Netherlands, Belgium and France closed ...

Bloomberg Equity investors have given Singapore’s Sembcorp Industries Ltd. a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts. The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period. However, concerns over ...

ABU DHABI / WAM The UAE has welcomed the implementation of the Riyadh Agreement between the legitimate Yemeni government and the Southern Transitional Council. It further welcomed the formation of a government of political competencies in Yemen, and expressed its hope that this will be a step towards a political solution and an accelerated end to the Yemeni crisis. In ...

Bloomberg Dubai’s Damac Properties PJSC surged to a two-year high on Sunday after saying its board will consider an acquisition within days. The Dubai-based property developer didn’t provide further information in a regulatory filing, but said its board will meet on December 23. Its shares climbed as much as 14.3%, the most in two months, to their highest levels since ...

Bloomberg Danish electrolyser startup Green Hydrogen Systems A/S raised 28 million euros ($34.3 million) to scale up production of the technology that’s at the heart of the European Union’s climate goals. Competition is heating up among makers of the machines to capture a wave of orders that will make up the EU’s first generation of utility-scale green hydrogen production funded ...

Bloomberg Austria’s biggest company, also one of Europe’s greenest utilities, is buying into natural gas pipelines to build a new hydrogen economy for power-hungry industries. Verbund AG’S decision to purchase a network of pipelines this year perplexed some analysts. Unlike German and Italian utilities expanding in green power across the continent, the Austrian utility opted to deploy cash in domestic ...

Bloomberg Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year. The onset of colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes have combined to push spot prices in Asia this week to the ...

Bloomberg Clean-energy stocks are surging as the US Congress considers extending tax breaks for wind and solar energy. JinkoSolar Holding Co, one of the world’s biggest publicly traded panel producers gained as much as 16% last week. Sunrun Inc, the biggest US residential solar installer, rose as much as 7.7%. SunPower Corp climbed as much as 12%. Congress has debated ...

Bloomberg British Airways and Virgin Atlantic Airways Ltd aren’t offering refunds to passengers who cancel year-end trips because of new UK coronavirus rules, even as regulators investigate airlines’ earlier refusal to hand cash back to customers caught in lockdown. IAG SA-owned BA will grant ticket holders a voucher or let them switch to a later date, it said in an ...

Bloomberg Celebrating the holidays might be pretty ho-hum, but one area that’s booming is toys. After a terrible year of remote school, cancelled birthday parties and little vacationing, parents and grandparents ridden with so-called “Covid guilt” are spending a lot more on puzzles, crafts and games. And this is setting up the US industry for its best Christmas in years—and ...