Bloomberg Prime Minister Narendra Modi has imposed a three-week long nationwide lockdown and allocated an extra $1.97 billion for health care to contain the spread of coronavirus infections which are now spiking in the South Asian nation. “If we listen to health experts we know that 21 days are crucial to break the cycle of transmission,” Modi said in his …

Bloomberg PG&E Corp agreed to plead guilty to involuntary manslaughter in connection to the deadliest wildfire in California history. The bankrupt utility will pay $4 million in fines for its role in the 2018 Camp Fire, which was sparked by PG&E power lines, according to a statement Monday. The blaze killed 85 people in the foothills of the Sierra Nevada …

Bloomberg The world’s biggest carbon market is joining the long list of victims of the economic fallout from the coronavirus. The price of certificates allowing companies to emit carbon dioxide in the European Union (EU) has crashed by 40% so far this year, including two drops of more than 10% in the past week. That has erased two years of …