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Bloomberg One of the few funds to predict Beijing’s clampdown on education companies is doubling down on its bets on China’s solar companies. Ken Xu, Hong Kong-based chief investment officer at Strategic Vision Investment Ltd, withdrew from tutoring stocks in March after noting that state-backed media outlets and policy makers were echoing angst among parents about the societal impact of …

Bloomberg European Union (EU) legislators are looking to tighten the region’s planned green bond standards and make it harder for issuers of environmentally-friendly debt to overstate their promises to investors. Sellers of European green bonds and sustainability-linked bonds should develop a transition plan indicating how they will adhere to a 1.5°C global warming scenario and reach climate neutrality by 2050, …

Bloomberg Activist hedge fund Bluebell Capital Partners has asked Glencore Plc to separate its thermal coal business because it has become a barrier to investment. The hedge fund firm said that the commodities giant could realise more value for shareholders if it separates that business, simplifies its asset base, disposes of non-core asset Viterra, and tackles governance issues. Bluebell’s partners …

Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce …

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected …

Bloomberg Europe is growing increasingly reliant on coal to keep the lights on as the weather turns cold, sending the cost of polluting to a record. Carbon prices exceeded 70 euros for the first time ever as utilities turn to the dirtiest of fossil fuels. Power plants in the UK are burning the most coal since the beginning of the …

Bloomberg The cost of pollution in the European Union (EU) rose to new highs after a report by the bloc’s market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading. Benchmark carbon permits rose as much as 1% percent to a record 69.77 euros a ton on ICE Endex, extending gains to …

Bloomberg Real estate investors acquired a record 18% of US homes sold in the third quarter of 2021, wagering $64 billion that home prices and rents will continue to surge. Investors bought more than 90,000 homes in three months through September, up 10% from the prior quarter and 80% from a year earlier, according to a report by Redfin Corp. …

Bloomberg Negotiators from almost 200 countries clinched a deal that seeks to keep the most ambitious goal of the Paris Agreement alive, breaking new ground in the fight against climate change but punting the hardest decisions into the future. After two weeks of often fraught United Nations COP26 talks, delegates agreed to reduce the use of coal, end “inefficient” fossil-fuel …

Bloomberg French energy giant Engie SA entered exclusive talks to sell its services unit Equans to conglomerate Bouygues SA for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year. “Bouygues’ offer was the most compelling taking into account all criteria including financial valuation,” Engie, based near Paris, said in a statement. Bouygues …