Bloomberg India, the world’s third-biggest energy consumer and a top grower of grains and sugar, targets to end the use of diesel in the farming sector in less than three years. The nation will focus on renewable fuels to achieve its aim of zero diesel use in agriculture by 2024, according to a government statement. India is working toward ...

  Bloomberg Denmark’s government will pay a subsidy totaling 1 billion kroner ($153 million) to some of the country’s poorest households in compensation for higher energy costs. Under the Social Democrat minority cabinet’s deal with support from leftist parties, the Nordic country will pay the one-time subsidy to about 320,000 households with an annual income below 550,000 kroner to help ...

  Bloomberg South Africa published proposed changes to the electricity regulation act that will facilitate the opening of the national power grid to private generators. State-owned Eskom Holdings SOC Ltd. has been the dominant supplier of power to Africa’s most industrialized economy for nearly a century, but its inability to meet demand from its poorly maintained coal-fired plants has resulted ...

  An inflation hedge in deflation-prone Japan? At least that’s what Mitsui & Co. is preparing to offer via a coin that may be available as early as this month. According to Nikkei, the trading house is planning a cryptocurrency linked to the yen-denominated price of one gram of gold. Gold is a sideshow in the blockchain world. When it ...

Nvidia Corp.’s aborted attempt to buy British semiconductor company Arm Ltd. isn’t the only chip deal to fail at the hands of regulators, yet its high-profile defeat portends a tough outlook for mergers and acquisitions in what has become one of the world’s most politicised industries. GlobalWafers Co, a Taiwanese maker of sliced silicon upon which chips are produced, has ...

  Bloomberg columnists Justin Fox and Allison Schrager have each pointed out, it’s front-line and blue-collar workers — not office workers — who have been leaving their jobs at historically high rates. And even so, the quits rate is still only about 3%. And it’s a metric we’ve only tracked for about 20 years. But managers still need to remember: ...

  A further spike in US inflation — prices were 7.5% higher than a year ago, the fastest increase for 40 years — was the last the thing the Federal Reserve wanted to see as it weighed its next moves in monetary policy. It had led investors to expect a very gradual increase in interest rates starting next month. Already ...

  Bloomberg Hong Kong reported another record number of coronavirus cases, as well as two more deaths, with the worsening outbreak straining health-care resources and ramping up pressure on the government’s steadfast push for Covid Zero. Authorities announced 1,325 infections on Friday, alongside more than 1,500 preliminary positive cases. That’s up from just 614 on Monday. The city said it ...

  Bloomberg London’s Gatwick Airport will reopen its second terminal as easing Covid-19 restrictions give airlines confidence to add flights amid a budding travel rebound. The south terminal, mothballed nearly two years ago to cut costs, will help meet expected strong demand this summer, Gatwick said in an emailed statement. It will open on March 27, three weeks before Easter, ...

  Bloomberg Ryanair Holdings Plc has seen a “dramatic recovery” in bookings over the past two weeks as the easing of pandemic travel curbs across Europe encourages people to fly again. The Irish low-cost carrier’s planes are flying about 75% full and could reach 90% of capacity by the peak of the summer high season, Chief Executive Officer Michael O’Leary ...