Bloomberg India put curbs on investments in its companies from neighboring nations including China, seeking to cut the risk of opportunistic takeovers as the coronavirus outbreak drives down valuations. A foreign investor from any country that shares a land border with India will now only be able to invest with government approval. At present, such restrictions apply only to FDI ...

Bloomberg Wind turbine makers are finding it increasingly difficult to get parts they need to build their machines, snarling progress on a global shift toward renewables at precisely the time scientists say it needs to speed up. Manufacturers including Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy SA are wrestling with their own factory shutdowns and disruptions to suppliers ...

Bloomberg Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for some oil streams, a precipitous markdown from a month ago. The slumping value of physical barrels is raising the possibility that Texas producers may soon have ...

Bloomberg TC Energy Corp’s Keystone XL oil-sands pipeline was a dealt a setback with a judge’s ruling that the US Army Corps of Engineers improperly approved a streamlined permit process without fully evaluating the impact on endangered species. In a legal challenge brought by environmental groups, a federal judge in Montana ordered the agency to conduct further review and barred ...

Bloomberg Chinese refiners are snapping up low-price oil from all over the world as Asia’s largest economy emerges from a virus-driven slump. Varieties such as Alaska North Slope, Canada’s Cold Lake and Brazil’s Lula have been offered at steep discounts to global benchmark prices as sellers scrambled to secure buyers. Processors in China — where throughput is back to pre-virus ...

Bloomberg Austria became the second European country to eliminate coal power from its electricity grid and said it’s looking towards renewable energy to fuel future economic growth. Verbund AG closed its Mellach coal-fired district heating plant about 200 kilometres (124 miles) south of Vienna, the state-controlled utility said. Austria’s Environment and Infrastructure Ministry said eliminating coal will strengthen the country’s ...

Bloomberg The pandemic has many of us acting in unusual ways, and the world’s largest e-commerce company is no exception. In a stunning reprieve from the prerogatives of capitalism, Amazon.com Inc. has begun discouraging users from buying things they don’t need. Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal. It isn’t ...

Bloomberg By mid-March, John Lyotier’s travel software business Left Technologies Inc. was cratering with the spread of the pandemic. Seeking to cut costs, he reached out to his office landlord, who offered rent relief. Then he contacted Amazon.com Inc., asking to “explore creative financing opportunities” for his monthly cloud-computing bill. The response was succinct. “’Nope, that’s the way it is,’” ...

Bloomberg Ford Motor Co. is warning of significant damage wreaked by a tornado in South Carolina this week that knocked out a BorgWarner Inc. auto-parts plant supplying a key component for the automaker’s most profitable models. The Seneca, South Carolina, parts factory makes transfer cases, an important component of four-wheel-drive systems that Ford uses in its F-150 pickup, its biggest ...

Bloomberg Twitter Inc. lost its six-year legal battle to let the public know exactly how many requests it received from the FBI to snoop on private user accounts. A federal judge said the government convinced her that granting the request “would be likely to lead to grave or imminent harm to the national security.” Twitter broke ranks with other large ...