Bloomberg Utility giant PG&E Corp is readying an $11 billion debt-financing package that may be sold to investors as soon as next week as the company prepares to exit bankruptcy, according to people with knowledge of the matter. The financing includes $4 billion of high-yield bonds and a $750 million term loan led by JPMorgan Chase & Co, the people ...

Bloomberg Adani Green Energy will invest $5.96 billion to execute what it called the world’s largest solar order. The company will build 8 gigawatts of generation projects, while group company Adani Solar will construct 2 gigawatts of manufacturing capacity for solar cells and modules, it said in a stock exchange filing. The project takes Adani Green closer to its goal ...

Bloomberg Shanghai’s municipal government will extend subsidies for solar and offshore wind through 2021 while ending those for onshore wind as it tries to meet its target for renewable energy generation. Solar and offshore wind projects will be able to receive a maximum subsidy from the city government of 50 million yuan ($7 million) in total over five years, the ...

Bloomberg China’s state-owned power giants have been asked to prepare reports on historical emissions that officials will use to set up the world’s largest carbon market, according to people familiar with the request. The China Electricity Council has asked firms for submissions by July, said the people, who asked not to be identified because the information isn’t public. The council ...

June 09 was primary day in West Virginia, and the Republican-led state government there did something sensible that other states should embrace: They made it easier to cast absentee votes. All 50 states permit absentee balloting, but they don’t always make it simple. West Virginia is one of about 16 states that require a medical or other excuse. But because ...

While India is just beginning to confront the full economic impact of the Covid-19 pandemic, optimists see reasons to hope. Global manufacturers are looking to diversify supply chains and Indian leaders seem to be trying to attract their business. The recent decision by Uttar Pradesh — India’s biggest state — and a few others to relax stifling labor regulations has ...

Don’t be fooled by red replacing black as this season’s colour at Zara-owner Inditex. The Spanish fast-fashion behemoth reported its first loss since it went public in 2001 after shutting stores during Covid-19 lockdowns worldwide. But nimble retailers will still prosper as economies open back up again, and Inditex is among them. In fact, with a big investment plan to ...

For all the death and illness the coronavirus has caused, it has done the world one great and surprising favour. It has spared our children. “Influenza almost always selects the weakest in a society to kill, the very young and the very old,” John M Barry wrote in “The Great Influenza,” his definitive account of the 1918 pandemic. But while ...

Bloomberg Boeing Co is closing in on a key milestone towards returning its beleaguered 737 Max to the commercial market, targeting later this month for hosting US regulators on a flight to test the jet’s upgraded systems. The company separately is notifying airlines of an important fix to the grounded jetliner’s wiring, said two people familiar with the planning who ...

Bloomberg Indonesian flag carrier PT Garuda Indonesia won approval from investors to extend the maturity of a $500 million sukuk, easing a cash squeeze as the airline battles falling passenger demand during the coronavirus pandemic. The state-owned airline, whose passenger traffic fell 91% in April from a year earlier, said in a statement that investors holding 90.88% of the aggregate ...