Honestly, it hasn’t been a great month for Franco-American energy relations. First, a Texas Railroad Commissioner fired off a jeremiad at Engie SA for turning up its nose at US gas. Now Total SE, the French oil champion, is pulling out of the big kahuna of industry lobbyists, the American Petroleum Institute (API). The move is a bombshell but one ...

China’s recovery from the depth of the Covid-19 slump is impressive, and the country will almost certainly be the only major economic power to end 2020 in positive territory. Another world-beating expansion is expected this year. But for all the superlatives, Beijing is years away from becoming a global economic leader. Gross domestic product rose 6.5% in the fourth quarter ...

Bloomberg Canada’s Alimentation Couche-Tard Inc and France’s Carrefour SA abandoned talks on a proposed $20 billion merger following stiff opposition from the French finance minister, and will look instead at forming a looser alliance. The companies will now consider how to work together on fuel purchases, branding and distribution where their networks overlap, the companies said in a joint statement. ...