Bloomberg The UK’s oil and gas industry faces a struggle to recover from an investment slump sparked by the coronavirus and in the longer term will have to manage a prolonged decline in output, according to its trade body. Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a ...

Bloomberg Germany’s greenhouse-gas emissions fell by the most since 1990 last year as its exit from coal started to hit and the pandemic reduced transportation. Foreign Minister Heiko Maas is looking to put Europe’s biggest economy at the forefront of the fight against climate change, calling for the development of a global market for green hydrogen as a two-day energy ...

With the Covid-19 relief bill behind us, attention is turning to infrastructure — a longstanding priority for President Joe Biden’s economic recovery program. A big infrastructure bill would achieve multiple goals at the same time: putting Americans to work, raising wages, strengthening the economy, improving industrial competitiveness and speeding the transition to green energy. Given the confluence of all of ...

As more Americans get vaccinated, there is increasing talk of “vaccine passports.” There are strong emotional reactions to this idea, positive and negative, but my attempt at a more analytical view leads me to a conclusion that is not entirely satisfying (even to me): America should work to develop vaccine passports but never actually require them. First, I am not ...

Cathie Wood is a superstar. In just one year, her ARK Investment Management took in nearly $40 billion of new money, behind only Vanguard Group and BlackRock Inc’s iShares, each of which has hundreds of funds. Last year, the performance of her flagship ARK Innovation ETF, which holds next-generation tech frontiers such as Tesla Inc and Square Inc, was nothing ...

The Federal Reserve’s monetary policy meeting this week is a chance for the central bank to get back on the same page with the bond market. The challenge will be pushing back market expectations that an interest rate increase could come as soon as the end of next year. How it delivers that message convincingly will be key. Chair Jerome ...

Bloomberg Boeing Co. is scrutinising the flight-deck windows of some of its 787 Dreamliners as the beleaguered planemaker expands its search for potential manufacturing flaws that have delayed deliveries of its marquee jetliner, according to people briefed on the matter. Chicago-based Boeing has been testing the cockpit windows in a limited batch of aircraft after learning a supplier modified its ...

Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was ...

Bloomberg Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations. Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some ...

Bloomberg Virgin Atlantic Airways Ltd. is set to raise 160 million pounds ($223 million), as part of a financing package to sustain the carrier ahead of the expected reopening of international travel in the coming months. Richard Branson’s Virgin Group is set to provide the bulk of the funds, putting up about 100 million pounds. Another 60 million pounds will ...