Bloomberg BP Plc is trying to block development of part of a giant wind farm in waters off England’s east coast, according to Denmark’s Orsted A/S. Both companies have secured rights to the seabed about 70 kilometres (44 miles) from the Yorkshire coast. Orsted, the world’s largest developer of offshore wind, is seeking to build a project using the …

Bloomberg UK households face a 38 billion pounds ($50 billion) hit from a surge in electricity and gas costs exacerbated by Russia’s invasion of Ukraine, the Financial Times newspaper reported. The increase for the 2022-23 year will be equivalent to a six pence rise in the basic rate of income tax, it said, citing an estimate by Aurora Energy Research …

Bloomberg Global airlines are going to great lengths to avoid Russian airspace but few to the extent of Finnair Oyj, the flag carrier of Finland. It’s flying thousands of miles around its northern neighbour, retracing routes abandoned decades ago at the end of the Cold War. The economic burden of those end-runs is measured in additional jet fuel burn, extended …