Bloomberg New energy, meet new finance. That’s the thinking of Taiwan’s government, which is starting to map out funding plans for a power system that can no longer rely on nuclear reactors. Prime Minister Lin Chuan’s administration aims to increase the share of renewable energy such as water, wind and solar to 20 percent of total power output on the ...

Bloomberg Oil traded below $45 a barrel following a fourth weekly loss as US drillers continued to add rigs, blunting OPEC-led efforts to rebalance an oversupplied market. Futures fell as much as 0.7 percent in New York after capping the longest run of weekly declines since August 2015. US drillers targeting crude added rigs for a 22nd straight week, the ...

CAIRO­­­­ / Reuters Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues, said Abdel Hamid al-Demerdash, the head of Egypt’s Agriculture Export Council, the latest such ban to hit Egypt as it struggles to revive its economy. The temporary ban comes into effect on July 11, Demerdash told Reuters, adding that the memo received from Saudi Arabia ...