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Energy emissions stall for first time in 3 years

Bloomberg Global emissions from energy held steady in 2019 for the first time in three years. But the restraint all came from the US and Europe as developing countries boosted use of the most polluting fossil fuels. The findings from the International Energy Agency (IEA) show energy-related carbon dioxide emissions remained at a record 33.3 billion tons. While industrial countries ...

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Ghana to use $1b to restructure power deals

Bloomberg Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta. The country is in talks to re-negotiate supply deals with the power companies known as IPPs. The currently take-or-pay agreements mean the government is billed even for unused ...

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An anti-corruption probe isn’t AirAsia’s only challenge

Asia’s largest budget carrier is in trouble, caught up in an anti-corruption investigation of Europe’s aerospace industry. Things could get worse. AirAsia Bhd. Chief Executive Officer Tony Fernandes stepped down for two months along with Chairman Kamarudin Meranun, after the airline was named in a 3.6 billion euro ($4 billion) settlement of bribery allegations against Airbus SE. Shares have fallen ...

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