Bloomberg UK Business Secretary Kwasi Kwarteng sought to damp speculation that taxes will have to rise in order to fund the government’s green goals a day after the Treasury said it would need to consider new sources of revenue to pay for the transition. “I don’t think that tax rises are inevitable,” Kwarteng said when asked on LBC radio what ...

Bloomberg China has started building a massive renewable energy project that’s bigger than all of the wind and solar power in India. Construction on the first phase, comprising 100 gigawatts of wind and solar, in the desert has started smoothly, President Xi Jinping said via video link at a United Nations Biodiversity Conference in Kunming. That’s more than the entire ...

Facebook Inc is planning to change its name to something related to the metaverse, a new digital network for communicating through augmented and virtual reality, according to a report in The Verge, which cites a source with direct knowledge. Over the weekend, the company also said that as part of its metaverse-building efforts, it would hire 10,000 high-skilled jobs in ...