China’s ambitious pledge to decarbonise by 2060 requires the world’s top polluter to dramatically raise the cost of spewing greenhouse gases into the atmosphere. A long-awaited national carbon market that is finally set to begin trading this year will be less demanding and more limited than initially anticipated, if draft plans are a guide. It’s worth welcoming anyway. Beijing could ...

Even before Hillary Clinton conceded defeat in 2016, the aphorism “It’s Trump’s party now” had been endlessly recycled by those delighted and dismayed by The Donald “body-snatching” the GOP and transforming its vision of America. To quantify just how far Trump’s rhetoric has moved his party’s nationalistic needle, Bloomberg Opinion asked Keatext — a Montreal-based AI text analytics company — ...

Bloomberg Alibaba Group Holding Ltd will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd, taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc in e-commerce’s hottest growth arena. Alibaba will raise its direct and indirect stake in the grocery chain to about 72% by acquiring equity ...