Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

Bloomberg US President Donald Trump said he believed North Korean leader Kim Jong-un would keep his pledge to “denuclearise,” while suggesting that neighbouring China might be working to undermine talks. “I have confidence that Kim Jong-un will honour the contract we signed &, even more importantly, our handshake,” Trump said in a tweet, adding that Beijing “may be exerting negative ...

Bloomberg At least 232 civilians were killed by South Sudanese government forces, their allies and armed youth in the country’s north in April and May, the United Nations said. Many more were injured in the raids on villages in opposition-controlled areas in Mayendit and Leer from April 16 to May 24, according to an investigation by UN human-rights monitors. The ...

Bloomberg Pakistan’s ex-president and leader of one of the country’s main political parties, Asif Ali Zardari, was named in a money-laundering investigation weeks before national elections. The Supreme Court in a statement sent to Bloomberg listed Zardari and his sister Faryal Talpur along with 12 others as beneficiaries in an alleged scam “running into billions of rupees” that led to ...

Bloomberg Tom Watson, deputy leader of the UK opposition Labour Party, said he thought another Brexit referendum could be necessary if Theresa May’s proposed Brexit deal can’t get support. After months of trying to find a Brexit position that all wings of the Conservative Party could agree on, May seems to have given up, and gone for something that at ...

Bloomberg PM Mahathir Mohamad is putting safeguards in place to prevent graft in Malaysia by requiring his cabinet declare their wealth and refuse gifts more valuable than perishable food and flowers. “We will do everything possible,” Mahathir told reporters in Putrajaya. “We are in the midst of formulating laws and ways of administration so that we can reduce corruption and ...

Bloomberg With elections approaching, Brazil’s political parties are preparing to field the legally required minimum quota of female candidates, but that doesn’t mean they want them to win. Take Danielle Silva Lopes, for example, who only found out on polling day in October 2016 that she was running for city councilor in Sao Paulo for the Christian Social Democratic Party, ...

What caused the Great Depression? Most people wou-ld probably say that the trigger was the stock market crash of 1929. From peak to trough, the Dow Jones Industrial Average lost about 88 percent of its value, and the index didn’t regain that peak until the mid-1950s: There was also a housing boom and bust in the 1920s, which was probably ...

The last two major companies holding out against Japan’s plans to consolidate its bloated refinery sector are finally giving in. After almost three years of wrangling driven by Idemitsu Kosan Co’s founding family, the company will merge with Showa Shell Sekiyu KK after shareholders — including those founders, who opposed the initial version of the deal — signed off. The ...

A shoe just dropped for Masayoshi Son. Shares of Yahoo Japan Corp rose as much as 13 percent on Tuesday after SoftBank Group Corp said it will buy $2 billion worth of stock in the internet portal, or an 11 percent stake, from Altaba Inc. Investors were elated because the block sale eased concerns over a messy open-market sale that ...