Bloomberg Theresa May has started to compromise on the ambitious vision for Brexit that has prevented her fractious government from splitting apart, with a blunt warning that “hard facts” can’t be ignored any longer. For the first time, the British prime minister admitted there are contradictions in her negotiating aims and raised the prospect of diluting her own red lines. ...

Anyone who tells you that dealing with climate change is simply a matter of sweeping away the obstructionism of oil companies is living in a dream world. The real obstacle is us — our vast dependence on fossil fuels and the difficulty of extricating ourselves without crippling the world economy. It’s true that the Trump administration has withdrawn from the ...

Chinese billionaires who want to buy overseas assets without irking Beijing need to keep their eyes on the road. China Energy Reserve & Chemicals Group Co., a unit of state oil behemoth China National Petroleum Corp., has bowed out of the consortium that paid a record $5.2 billion for Hong Kong skyscraper The Center, barely four months after the deal ...