Bloomberg Discussions about how to fight climate change almost always conclude with a lament over the “lack of political will.” It’s as if the roadblock preventing these clean-tech visions and white-paper dreams from becoming market-driven reality is an irrational, unforeseen hiccup. That’s a comforting fallacy. The lack of political will is the whole point: Climate change is a problem caused …

Bloomberg AirAsia Group Bhd shares slumped nearly 18% when trading resumed following a suspension that came as auditor Ernst & Young said the carrier’s ability to continue as a going concern may be in “significant doubt.” The budget airline pared its loss to 12% as of 2:47 pm local time on July 08. In a statement to the Kuala Lumpur …

Bloomberg Ascena Retail Group Inc, the owner of mall brands that occupy almost 3,000 stores in the US, is preparing to file for bankruptcy and shutter at least 1,200 of those locations, according to people with knowledge of the plan. The company, which owns brands such as Ann Taylor and Lane Bryant, could enter Chapter 11 as soon as this …