The political crisis that pitched Pakistan’s prime minister Imran Khan from office wasn’t just about the failure of his anti-corruption agenda and mismanagement of an economy where inflation running at nearly 13% has driven months of opposition protests. It’s also, as with so many of Pakistan’s political crises, about energy and exchange rates. For decades, heavy dependence on imported ...

  Bloomberg A natural gas pipeline in Texas leaked so much of the super-potent greenhouse gas methane in little more than an hour that by one estimate its climate impact was equivalent to the annual emissions from about 16,000 US cars. The leak came from a 16-inch (41-centimeter) pipe that’s a tiny part of a vast web of unregulated lines ...

  Bloomberg China has identified enough wind energy potential in Tibet to power the UK, Germany and France combined, and plans to further develop the region to help meet its ambitious climate targets. Tibet has enough sites with strong, steady wind to install 600 gigawatts of turbines, with another 420 gigawatts possible in parts of the plateau in neighboring regions ...

  Bloomberg Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants. The South Asian nation is struggling to procure fuel from the spot market after prices of liquefied natural gas and coal surged to records last month as the war ...

Bloomberg The Chinese Communist Party’s flagship newspaper called on the nation to support President Xi Jinping’s Covid Zero strategy, showing any shift in policy is unlikely even as lockdowns in Shanghai and elsewhere threaten to hurt the economy. In a front-page commentary, the People’s Daily said Xi’s strategy to snuff out the virus has proven “correct and effective” and China ...

Bloomberg The Paris prosecutor is looking into allegations that nationalist leader Marine Le Pen and several of her party members misused hundreds of thousands of euros of European Union funds between 2004 and 2017 when she was a member of the European Parliament, with just a week left before she stands in the final round of the French presidential election. ...

Bloomberg The remaining defenders of Mariupol are encircled by Russian forces but have not surrendered the strategically important port city, Ukrainian officials said, as a deadly strike was reported in Lviv near the Polish border. Ukrainian troops in besieged Mariupol still held out at the giant Azovstal steelworks, one of the largest metallurgical plants in Europe. Air raid sirens were ...

  Bloomberg When Sri Lankan officials arrive in Washington to meet with the International Monetary Fund (IMF) amid an economic and political crisis, the main question they’ll need to answer is how the country plans to manage its billions in debt. Sri Lanka is seeking up to $4 billion this year to help it import essentials and pay creditors. To ...

  Bloomberg The Hong Kong government confirmed that John Lee was only candidate nominated for chief executive, clearing the way for him to take power after an uncontested leadership election next month. Lee, 64, a former chief secretary for administration and police official, received 786 valid nominations from the roughly 1,500-member Election Committee that picks the city’s leader, the government ...

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...