Bloomberg Wholesale power prices surged more than 6,000% in parts of the country during the worst of the recent brutal cold snap — a sign that Americans are likely to face significantly higher winter heating costs once the bills get mailed out. Electricity prices in Houston jumped to almost $3,700 a megawatt-hour on December 23, or a 65-fold increase from ...

  Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...

Bloomberg The European Union’s planned carbon tax on steel is a trade barrier that India and other governments will probably oppose, according to one of the biggest exporters of the alloy in the South Asian nation. The Carbon Border Adjustment Mechanism, or CBAM, which imposes duties on certain imports from countries that don’t price carbon the way Europe does, will ...