Bloomberg China’s fragile economic recovery is ushering in a dangerous new phase for the nation’s $4.1 trillion corporate bond market. With the economy now strong enough for policy makers to dial back financial support but still too weak to save the most distressed borrowers, some fund managers are bracing for defaults on domestic Chinese debt to hit record highs this ...

Bloomberg US oil exports to China are set to reach a record next month in a sign that Beijing is stepping up purchases to meet its commitments under a landmark trade deal. About 19 tankers have signed provisional bookings to load American crude for China in September, according to shipping fixtures, which are subject to change. If all of them ...

Bloomberg Botswana and Namibia are set to sign an agreement to develop solar projects of as much as 5,000 megawatts through installations built across their mostly flat, sunny landscapes. The southern African nations are working with US government initiative, Power Africa, to help structure the deal, Namibian Mines and Energy Minister Tom Alweendo said in an interview. The electricity will ...

Bloomberg German turbine makers and natural gas companies are exploring producing green hydrogen in the Democratic Republic of Congo, home to what could become the world’s largest hydropower complex. Should the project go ahead Congo would join Morocco as a potential site for hydrogen production in Africa. The North African country this year signed a memorandum of understanding with Germany ...

Are you ready? That’s what Joe Biden asked at the end of his speech accepting the Democratic nomination for president, a speech the convention spent the whole week waiting for. He promised competence and empathy, which everyone had earlier praised him for and which he gave as the reason Americans should trust him to deliver. These convention speeches are normally… ...

The resurgence of the coronavirus in Europe has reignited fears that governments will have to lock down their economies again in the autumn. Some political leaders, including President Emmanuel Macron of France, have rushed to dismiss this possibility, saying the collateral damage from a new bout of confinement would just be too high. Europe’s second wave of Covid-19 is certainly ...

President Donald Trump’s decision to roll back some US regulations aimed at curbing methane emissions by oil and gas producers came in for criticism from both environmentalists and some industry leaders, who branded the move as a disappointing step backward. The reality is more nuanced. The updated regulation will get rid of methane-specific emission limits on oil and gas processing ...

More than 10 percent of Americans say they have recently given serious consideration to suicide. Among younger adults, that figure rises to over one in four. Thirteen percent of people have reported starting or increasing drug or alcohol use to cope with pandemic-related stress. Nearly one in three say they have symptoms of anxiety or depression. These alarming statistics, based ...

Bloomberg For nearly all retailers, the pandemic has meant shoppers check out less often and stock up on each trip. But Target Corp bucked that trend with record sales and profit last quarter, emerging as a winner in the Covid-19 era. The shares jumped as much as 13% to their highest price ever last week after Target reported a 4.6% ...

Bloomberg Delta Air Lines Inc laid out plans to resume 50 international routes later this year and next that have been grounded by the collapse in travel demand amid the coronavirus pandemic. International flying evaporated after some countries banned travel from virus hot spots and others imposed quarantines. Passenger volume on such flights in the week ending August 16 was ...