Bloomberg Hong Kong will cut the size of returns its power utilities are allowed to make to 8 percent under a 15-year plan it hopes will help wean the city off coal while keeping electricity bills down. CLP Holdings Ltd. and HK Electric Investment Ltd. signed a new so-called Scheme of Control with the government after more than a ...

  Bloomberg At a garbage dump about 80 miles west of London, Adrian Griffiths is testing an invention he’s confident will save the world’s oceans from choking in plastic waste. And earn him millions. His machine, about the size of a tennis court, churns all sorts of petroleum-based products — cling wrap, polyester clothing, carpets, electronics — back into oil. ...

  Bloomberg Telia AB sold about $500 million worth of stock in Turkcell Iletisim Hizmetleri AS, making progress on a vow to focus on its home region as it reduces its holding in an investment tied up in a decade-long ownership feud. Stockholm-based Telia agreed to sell 155 million shares in Turkcell to institutional investors in an accelerated offering, the ...