Bloomberg The Hong Kong government is set to announce a fresh round of stimulus measures to shore up the crippled economy, with a local media report saying the total could exceed $12.9 billion. The aid package will mostly be dedicated to subsidising wages in sectors hit by closures and restrictions imposed to curb the deadly virus, according to the South ...

Bloomberg India’s TVS Motor is among prospective bidders considering making an offer for Norton Motorcycles of UK, which went into administration in January, people with knowledge of the matter said. TVS has approached Norton’s administrators about a potential deal, according to the people, who asked not to be identified because the information is private. The British firm is being overseen ...

Bloomberg Nissan Motor Co’s priority is to conserve cash while making better use of its assets instead of selling them, Chief Operating Officer Ashwani Gupta said, as the struggling carmaker confronts an existential challenge from the pandemic that’s upended the global economy. The shift in strategy offers an early indication of a recovery plan that will be unveiled next month, ...

Bloomberg Sweden’s biggest wind farm began producing power this month, and the region’s nuclear reactors are feeling the heat. Vasa Vind AB’s Askalen started commercial output on April 1, increasing supplies in a market already bloated by a massive surplus of water for power generation. A day later, two units at Vattenfall AB’s Forsmark nuclear plant north of Stockholm curbed ...

Bloomberg Natural gas production in the US is expected to drop by the fastest pace ever in 2021 as drillers slash spending in response to the coronavirus pandemic that’s sending oil prices to historic lows. Gas output is poised to fall by 4.4% to average 94.49 billion cubic feet a day next year, the US Energy Information Administration (EIA) said ...

Bloomberg Alberta Energy Minister Sonya Savage said the Canadian government needs to release its aid package for the country’s energy industry soon as companies struggle with the Covid-19 pandemic and oil-price crisis. The package may include liquidity for companies and measures to help speed up the cleanup of old wells, Savage saidduring an online presentation. Bill Morneau, the federal finance ...

Bloomberg Uniper SE and Siemens AG said they will develop a hydrogen business in an effort to slash fossil-fuel pollution from industrial processes. Uniper’s Chief Executive Officer Andreas Schierenbeck said his utility will seek to gradually replace coal and natural gas with hydrogen at some of its power generation plants. It will also adapt its gas pipelines and storage sites ...

Bloomberg US coal production will fall even more sharply than expected this year as the coronavirus forces businesses to close down, dragging down demand for electricity. Mines will supply about 537 million tons of coal this year, down 22% from 690 million tons last year, the US Energy Information Administration (EIA) said. A month ago, before lockdown orders took effect ...

Bloomberg The United Kingdom’s plan to grant 50 billion pounds ($61.5 billion) to companies suffering the economic effects of the coronavirus outbreak won approval from the European Commission. The EU must still police British state-aid programs because EU law is still in force during transition period as Britain exits the bloc. The EU has now cleared the UK to take ...

Bloomberg The International Monetary Fund (IMF) may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy. IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed program that ...