The low costs of renewable energy that have enabled the world to reduce greenhouse-gas emissions over the past decade are continuing to fall, which is welcome news for the effort to address climate change. And now along comes hydrogen, a crucial new energy technology, to provide fresh reason to be optimistic about progress ahead. For the first time this year, ...

Brexit could one day give the European Union (EU) an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU is in no condition to take advantage. As talks on Britain’s future relationship with the union come down to the wire — yet again — London’s role as the bloc’s primary purveyor ...

Bloomberg Cathay Pacific Airways Ltd will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep damage caused by the coronavirus pandemic. The Hong Kong-based airline is expected to officially announce the plan after the market close on Wednesday, the newspaper said. It initially planned ...

Bloomberg Southeastern Grocers Inc, the owner of the Winn-Dixie and Fresco supermarket chains that emerged from bankruptcy two years ago, has filed for an initial public offering. The Jacksonville, Florida-based grocer in its filing with the US Securities and Exchange Commission listed an offer size of $100 million, a placeholder that will likely change. Existing investors will be selling some ...

Bloomberg India is ready to sweeten the deal for the sale of Air India Ltd, the loss-making state-owned carrier, a finance ministry official said. The government is considering allowing potential suitors for Air India decide how much of the flag carrier’s debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said in an ...

Bloomberg London Heathrow airport will offer rapid Covid-19 tests to departing passengers as more territories require travelers to provide a clean analysis as a condition for entry. The Oxford LAMP rapid Covid-19 tests will cost 80 pounds ($104) and can be used for travel to destinations including Hong Kong and Italy that are conditioning entry on a negative Covid-19 result, ...

Bloomberg The travel bubble for Hong Kong and Singapore could start with one daily flight between the two financial hubs, according to Hong Kong Secretary for Commerce and Economic Development Edward Yau. The number of dedicated flights under the agreement may change depending on the coronavirus situation in the cities, Yau said at a briefing on Tuesday, without elaborating. The ...

Bloomberg The virus-ravaged airline industry reached a milestone, carrying more than 1 million passengers for the first time in seven months. US airport security checkpoints processed 1,031,505 people, or 39.6% of the equivalent day in 2019, according to a tally by the Transportation Security Administration. Several of the busiest days since mid-March have occurred in the past two weeks and ...

Bloomberg Student groups across Indonesia resumed protests against a landmark labour law passed earlier this month that opponents say will erode workers’ rights and dismantle environmental protections. The renewed protests come after police detained thousands of people last week as demonstrators in Jakarta clashed with officers, hurling rocks and bottles and setting alight bus shelters. Labour unions plan to challenge ...

Bloomberg President Donald Trump demanded that Attorney General William Barr open an investigation of former Vice President Joe Biden’s son, just two weeks before Election Day. “We’ve got to get the attorney general to act,” Trump said in a phone interview with the TV show “Fox & Friends,” in response to a question about whether a special prosecutor should be ...