Bloomberg The South Korean government unveiled a 76 trillion won ($62 billion) ‘New Deal’ spending plan to reshape the economy in the aftermath of the pandemic after slashing its growth forecast for the year. The plan, first outlined by President Moon Jae-in in April, aims to refocus the economy through 2025 by supporting job growth and new industries. It will ...

Bloomberg Chinese manufacturers that dominate nearly every step in the global solar power supply chain are being forced to slash prices as the coronavirus disrupts projects around the world. Costs for components like wafers and cells have fallen by as much as 20% since the start of the year. They likely haven’t bottomed out yet, either, as the outlook for ...

Bloomberg India’s two main power exchanges started real-time electricity trading on Monday, a bid to allow buyers greater flexibility in balancing supply and demand. Auctions will be conducted every 30 minutes and deliveries will be made within an hour of the session end, Indian Energy Exchange (IEX) Ltd, the country’s largest power trading platform, said. Day-ahead transactions currently account for ...