Bloomberg Under Armour Inc shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition. The athleticwear company also lowered its full-year revenue forecast, but it raised some other projections after posting solid third-quarter results. …

ABU DHABI / WAM The GCC is rapidly adopting renewable energy generation to meet the power demand, lower carbon emissions and reduce costs, with the International Renewable Energy Agency (Irena), predicting that if the GCC realises its renewable energy plans, the region is set to create cumulative cost savings of $76 billion by 2030. GCC’s installed power capacity grew four-fold …

Bloomberg China is reviewing locations in the US where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world’s two largest economies, people familiar with the plans said. Officials in Beijing had hoped that if president Xi travelled to the US to sign stage one of the …