Bloomberg British consumers will face another sharp jump in their power and gas bills just before winter, adding to surging costs of almost everything from food to petrol. The energy price cap is likely to soar to a record £2,800 ($3,499) in October, Ofgem CEO Jonathan Brearley told a panel of lawmakers. That will send about 12 million households ...

President Joe Biden and his administration presumably hoped that the White House’s latest attempt to woo Asia, its Indo-Pacific Economic Framework for Prosperity, would be seen as a dramatic return for the United States to a region where allies have felt largely neglected since 2016. In this part of the world, however, the sprawling and unwieldy framework has been met ...

It’s about time investors were hit with the reality about electric vehicle startups. But what do tanking shares mean for the much-hyped, cheap capital-sucking EV makers that took the market by storm last year? Stocks of EV upstarts, from New York-listed, Chinese firms such as Nio Inc, Xpeng Inc and Li Auto Inc to their American peers Rivian Automotive Inc ...