Bloomberg Renewable energy in Germany probably matched or beat coal power generation for the first time, aided by favorable 2018 weather that boosted wind and solar capacity. The balance of German electricity generation is a closely watched measure by the government, which has funnelled billions of euros towards boosting the renewable energy in recent years. The estimates, which showed wind, ...

Bloomberg North and South Korea staged a symbolic ground-breaking ceremony to upgrade severed rail links, although UN Security Council approval would be needed to advance the project. Long-stalled plans to restore rail links severed by the Korean War were revived in historic summits by North Korea leader Kim Jong-un and South Korean President Moon Jae-in earlier this year. While South ...

Bloomberg It’s a familiar story: a Japanese company is embroiled in scandal, then executives take pay cuts in a bid to make everything right. SMBC Nikko Securities Inc. is the latest firm to do just that. Chief Executive Officer Yoshihiko Shimizu and Chairman Tetsuya Kubo are forgoing 20 percent of their salaries for two months after a former employee was ...