Bloomberg Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets. The company is exploring a disposal of its Gasnor unit, a spokesperson confirmed in response to Bloomberg queries. Shell has approached infrastructure funds and private equity firms about a deal, people with knowledge of ...

Bloomberg To do its part to help avoid catastrophic climate change, Japan must significantly change its power mix between now and 2030, according to a report by the Asia Investor Group on Climate Change. The country must lift the proportion of renewable energy in its generation to 50%, and nuclear to 20%, by 2030 to meet Paris Agreement goals of ...

Bloomberg Mid-tier Chinese coal miner Shanxi Coal International Energy Group is planning a significant investment in the competing business of making high-tech solar power cells. The state-owned firm will lead a joint venture to build a 3-gigawatt solar manufacturing plant for 3.19 billion yuan ($461 million), according to a statement. It’s the first phase of a project that will grow ...

Bloomberg Blackstone Group will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the US. The firm’s private equity business is unloading its stake of just over 40% of Cheniere Energy Partners LP to Brookfield Asset Management Inc and its own affiliated infrastructure group, according to a filing. Brookfield negotiated the ...

More than three weeks after the Cares Act expired, Congress is still deadlocked on its replacement — and the main stumbling block is in the Senate. Republicans are fractured and disorganised, while their Democratic counterparts are afraid of doing anything that might be seen as undermining the House. The Senate’s inability to pass major legislation has long enraged Democrats. During ...

Was is it all for nothing? With Spain, France and Germany recording the highest number of virus cases since they emerged from lockdown, the danger that Europe blows its best chance of taming the coronavirus grows by the day. The hope was that we could relax travel and social restrictions this summer because people are much less likely to catch ...

The pandemic has made for an extremely difficult environment when it comes to selling clothes. With no parties on the calendar, no meetings to attend and no vacations in the offing, shoppers have had little reason to go on a spree for new outfits, and the enticement of hunting the racks for something new has simply evaporated. As a result, ...

September is being cast as a fresh start for the Covid-battered UK. Children will return to school, their parents can resume disrupted work lives and Britain’s economy can begin to right itself. Is there anything a shiny new pencil case can’t fix? “Even as adults, that feeling of going back to school after the summer often stays with us,” wrote ...

Bloomberg Several of Alibaba Group Holding Ltd’s biggest investors have converted billions of dollars in US shares for Hong Kong stock in part to avoid potential US sanctions and de-listings of major Chinese technology companies. Temasek Group Holdings Pte, Baillie Gifford & Co, and Matthews Asia are among the major shareholders that have swapped stakes in the Chinese e-commerce giant ...

Bloomberg Thailand is cautiously looking at plans to reopen its borders as it struggles to survive an extended period without international visitors, who account for about two-thirds of the country’s tourism income. “The virus won’t go away soon and we have to think about the economy. But we can’t just reopen the borders. We have to be careful,” Transport Minister ...