Bloomberg Peabody Energy Corp, the biggest US coal producer, named James Grech to be its next chief executive officer as the industry faces a long-term decline in demand for the fuel. Grech, the CEO of the Utah-based coal company Wolverine Fuels, will take over at Peabody from June 1, according to a statement. Peabody said in March that its current ...

Bloomberg BP Plc set out to win back shareholders after a difficult year, saying it will begin share buybacks after “exceptional” natural gas trading buoyed earnings. The gesture is aimed at investors who have shown little love for the company since it cut its dividend by half last year. After lagging its European peers for much of 2020, BP re-jigged ...

As anyone who has tried to invest in India can tell you, India’s states are as distinct from each other as European countries. Every now and then, India’s politicians are reminded of this as well. Prime Minister Narendra Modi certainly was earlier this week, when his all-conquering Bharatiya Janata Party fell short of expectations in state elections. Of the four ...

Britain’s Vaccine Task Force was the country’s biggest triumph since the 2012 Olympics — and it was a lot more consequential. It gave the UK, which has one of the world’s highest pandemic death tolls, early access to a suite of effective vaccines and a jumpstart on immunising the population. It saved countless lives. Can the government replicate that success ...

Fining and imprisoning Australians returning from India is more than just an extreme effort to discourage travel from the subcontinent during its calamitous surge in Covid cases. It’s emblematic of a siege mentality that politicians, sadly, see as a winning electoral strategy. Australia has temporarily banned its citizens from entering if they have been in India within two weeks of ...

President Joe Biden’s $2 trillion infrastructure plan is smart to look beyond ports and potholes. But I worry about the part of the plan aimed at expanding broadband. It’s both too ambitious and not ambitious enough. Make no mistake, broadband is infrastructure. It’s unacceptable that American schoolchildren have to piggyback on the Wi-Fi provided by fast-food restaurants to submit homework, ...

Bloomberg Deutsche Lufthansa AG asked shareholders for permission to raise 5.5 billion euros ($6.6. billion) in fresh capital, calling it a necessary step to repair the stricken carrier’s balance sheet after the coronavirus pandemic punctured a decades-long boom in air travel. At the airline’s annual meeting on Tuesday, Chief Executive Officer Carsten Spohr implored investors to back the motion, which ...

Bloomberg Estee Lauder Cos reported quarterly sales that came in short of analysts’ estimates despite early signs of travel bouncing back. Sales rose in every region but didn’t meet expectations, with demand for makeup still stifled as customers don’t see many occasions to wear cosmetics like lipstick. Global net sales for the fiscal third quarter ended March 31 rose 16% ...

Bloomberg Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods. Despite decades of reform, the global jewellery market remains tainted by reports of human rights abuses at mines and factories. To address such concerns, ...

Bloomberg Mousse Partners, the family office for one of the world’s largest fortunes, is reshaping one of its biggest bets. The investment firm for the family behind luxury brand Chanel has sold most of its stake in Ulta Beauty Inc, an investment held for at least 14 years that’s returned more than 1,700%. Since late March, the firm that manages ...