Bloomberg Renewable power for the first time contributed a bigger share in the European generation mix than fossil fuels as the fallout from the pandemic cut energy demand. About 40% of the electricity in the first half in the 27 EU countries came from renewable sources, compared with 34% from plants burning fossil fuels, according to environmental group Ember in ...

Negotiations started — finally — on the next congressional pandemic-relief and economic-stimulus bill. Meanwhile, the Defense Authorization bill is under consideration in both the House of Representatives and the Senate. Which means that House Speaker Nancy Pelosi and congressional Democrats will have two big choices to make. In both cases, Democrats have to figure out their endgame in order to ...

As Sergio Ermotti prepares to stand down from the top job at UBS Group AG, he’s providing valedictory proof of the company’s wisdom in retreating from risky trading and lending businesses. The Swiss banking giant isn’t problem free. Pressure on its profit margins is persisting and an attempt to seek growth in Asia amid heightened geopolitical tension will keep his ...