BLOOMBERG Hong Kong’s exports plunged in January by the most in 70 years as waning global demand and the Lunar New Year break weighed on trade and Chinese demand remained weak, even after the mainland emerged from Covid Zero. Overseas shipments plummeted 36.7% from a year earlier to HK$290.9 billion ($37.1 billion), the Census and Statistics Department said. That was ...

BLOOMBERG Essar Group plans to spend as much as $3.6 billion on low-carbon hydrogen production in the UK and India, as well as decarbonisation work at its refinery in northwest England, pending government support. The company’s first step would be a $1.2 billion investment in Britain to produce hydrogen from natural gas with carbon capture and storage, according to Prashant ...

BLOOMBERG Toyota Motor Corp reported a slight drop in global sales in January due to lingering effects of the Covid-19 pandemic and a chronic shortage of semiconductors for automobiles, the Japanese automaker said. Sales, including Daihatsu Motor Co and Hino Motors Ltd, fell 3.6% from a year earlier to 795,847 vehicles, while production rose 8.4% to 819,727 units, the world’s ...