Bloomberg Philippine conglomerate Ayala Corp plans to acquire wind projects in the US in line with a target to boost its renewable energy capacity to 5,000 megawatts by 2025. Ayala unit ACEN got board approval to enter the US renewable energy market through a partnership with UPC Solar & Wind Investments LLC and Pivot Power Management. They will acquire ...

  Bloomberg The UK’s energy regulator Ofgem will investigate how local energy markets can cut costs and reduce the environmental impact of powering the country. The energy crisis and the war in Ukraine is driving up living and manufacturing costs in Britain. Overall, the average family will be $1,433 worse off over the next 12 months, according to the Resolution ...

It’s been more than a decade since the euro area’s last interest-rate increase, but this year will very likely finally see one again. Banks, lost in a desert of ever weaker interest income, are desperate for the small rewards that a couple of hikes will bring. But there are stark risks that higher borrowing costs and a slowing economy may ...