Bloomberg Iberdrola SA agreed to buy the 30% stake it didn’t already own in a wind farm project off the coast of France that will cost an estimated 2.4 billion euros ($2.73 billion) to build as the Spanish utility pursues its fast expansion in the clean power market. Iberdrola, which already had 70% in the Bay of Saint-Brieuc project, is ...

Bloomberg German Chancellor Angela Merkel’s government will invest an additional 12.4 billion euros ($14.1 billion) between 2021 and 2024 and take its first steps to help companies and workers affected by the fallout from the coronavirus outbreak. After more than seven hours of talks, Merkel’s coalition loosened rules for short-term work compensation. The changes will make it easier for companies ...

Bloomberg Boris Johnson will announce a 5 billion pound ($6.5 billion) investment in the UK’s next generation broadband internet services as he seeks to ensure that remote parts of the country can benefit. The British leader has made it his mission to “level up” regions that have been “left behind” economically, with investment in key infrastructure. On Wednesday, Finance Minister ...

Bloomberg Facebook Inc. is being sued in Australia by the nation’s privacy regulator, which claims the social media giant exposed the personal data of more than 300,000 users to the risk of being used for political profiling. In proceedings lodged in the Federal Court, the Australian Information Commissioner alleges Facebook repeatedly breached privacy laws by disclosing user information to the ...

Bloomberg Denmark needs to adopt a number of emergency measures, including higher carbon taxes, if it’s to reach a goal of drastically cutting emissions by 2030, a government-appointed climate council said in a new report. The country needs the additional steps to achieve target of reducing emissions by 70% compared with the level 40 years earlier, the council said on ...

Bloomberg Many Lyft Inc. and Uber Technologies Inc. drivers have seen a bump in business from the spreading coronavirus, but they’re also weighing the risks of staying safe versus continuing to earn a paycheck. A study shows that more than half of ride-hailing drivers said they were now “very concerned” about reduced earnings as a result of the virus and ...

Bloomberg US employment surged last month with the biggest gain since May 2018, indicating the labour market was on especially solid footing before the spread of the coronavirus intensified. Payrolls rose 273,000 after the prior month was revised up to also reflect a 273,000 gain, according to Labour Department data that beat all forecasts in Bloomberg’s survey calling for 175,000. ...

Bloomberg Sudanese Prime Minister Abdalla Hamdok said he was “in good shape” after a failed assassination attempt his government branded an attack on the revolution that ousted the North African nation’s long-time dictator last year. Hamdok and his entourage were traveling to work in the capital, Khartoum, when they were targeted in a “terrorist bombing and shooting,” Information Minister Faisal ...

Bloomberg Two Republican lawmakers will self-quarantine in their houses after contact at a recent political conference with a person who later tested positive for coronavirus. Senator Ted Cruz will self-quarantine in his Texas home. He said he had a “brief conversation and a handshake” with the unnamed person at the recent CPAC conference in National Harbor, Maryland. “I’m not experiencing ...

Bloomberg Vietnam Premier Nguyen Xuan Phuc suspended the visa waivers for eight European countries amid growing concerns about the novel coronavirus outbreak. The decision to temporarily cancel visa-free travel for citizens of Denmark, Norway, Finland, Sweden, the United Kingdom, Germany, France and Spain followed a recommendation by the national steering committee on coronavirus prevention and control, according to a posting ...