Bloomberg Oil gained towards $43 a barrel as Laura was predicted to become a major hurricane, menacing crude production and refineries in the US Gulf. Futures in New York edged higher, though gains were outpaced by the global Brent benchmark. Tropical Storm Laura is expected to make landfall on Thursday as a Category 3 hurricane with winds as strong as ...

MADRID / WAM The UN Secretary-General Antonio Guterres released on Tuesday a thematic brief on the impact the pandemic has had on tourism. Drawing on the latest data from the World Tourism Organisation, the lead author of the publication, it warns that as many as 100 million direct tourism jobs are at risk, and massive drop in export revenues from ...

Bloomberg Octopus Energy Ltd, the clean energy provider, plans to add millions of new customers this decade on a pace that could soon make it the UK’s largest energy supplier. Octopus Energy hopes to reach about 5 million households in the UK by 2025, according to Chief Executive Officer Greg Jackson, up from about 1.6 million today. The British energy ...

Bloomberg A Japanese real estate developer is planning to sell a bond whose coupon increases if it misses environmental targets, in the first issuance of its kind in the nation. Hulic Co plans to offer 10 billion yen ($94 million) of 10-year so-called sustainability-linked bonds in October, according to a filing on Tuesday. If the company isn’t able to meet ...

Bloomberg Don’t expect an LNG buying binge ahead of winter from the world’s fastest growing consumer of the fuel. China will likely pull back on spot purchases of liquefied natural gas (LNG) before the peak demand season as a flurry of earlier bargain buying nearly maxed out storage space. “There is a big question about whether demand will recover enough ...

President Donald Trump is in much worse political shape as the Republican convention begins than he was at the start of the year. He was unpopular even then. At the end of January, he was about five points behind Joe Biden in national polls, which also showed that a small majority of the country disapproved of his job performance. But ...

The Covid-19 pandemic has been traumatic for New York City. How traumatic, by historical standards? Well, city health authorities started keeping more or less consistent track of deaths in 1804. Every year, the city Department of Health and Mental Hygiene publishes a remarkable chart on the cover of its vital statistics report of mortality rates since then, labeled “The Conquest ...

Two years ago, India rolled out a laudable plan to unlock the capital trapped in some of its smaller airports. But the actual outcome from privatisation was less than reassuring: All six airfields put on the block went to one bidder. If that wasn’t enough, multiple media reports now say that Ahmedabad, Gujarat-based billionaire Gautam Adani, an early and enthusiastic ...

The suspected poisoning of Russian opposition leader Alexei Navalny underscores the dangers Russians face for speaking out against President Vladimir Putin. It’s also a warning to those currently protesting for democratic change in neighbouring Belarus. So long as Putin remains at the helm, Russia will continue to pose a serious threat to democratic values, in its periphery and beyond. A ...

Bloomberg Virgin Atlantic Airways Ltd is set to find out whether it has enough support from creditors for a 1.2 billion-pound ($1.6 billion) rescue or if it will need a judge to overrule them in order to stave off collapse. The UK carrier founded and controlled by billionaire Richard Branson has already secured the backing of three creditor classes and ...