Bloomberg Britain’s fleet of solar panels generated a record amount of electricity, as the nation basked in sunshine during the hottest day of the year. UK solar power output rose to a record 8.75 gigawatts at 1 p.m. London time, according to data compiled by National Grid Plc and Sheffield University. That satisfied 24% of electricity demand and broke the …

Bloomberg After sparing its prized US market from oil-output cuts, Saudi Arabia plans to “markedly” reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world’s biggest consumer. “Exports to the US will drop measurably,” Energy and Industry Minister Khalid Al-Falih told reporters after chairing a meeting …

Bloomberg In China, a bicycle-sharing phenomenon is changing the way urban dwellers get around — and forcing listed manufacturers to scramble to get a slice of the profits. Across major cities such as Beijing and Shanghai, sidewalks are filling up with parked bikes that anyone with an app can unlock with a swipe of their phone. The cost is a …