Bloomberg KKR & Co. said it will put $1 billion into a new data center venture in Europe, as private equity firms chase returns in the growing market for digital infrastructure assets. The investment firm is teaming up with industry veteran Franek Sodzawiczny to launch Global Technical Realty, which will develop and build data centers for large technology companies in ...

Bloomberg The euro-area economy is facing a contraction this year in line with the European Central Bank’s (ECB) more pessimistic forecasts, according to Christine Lagarde. Output in the region is likely to shrink between 8% to 12%, the ECB president said in an online question-and-answer session targeted at European youth. Estimates for a mild scenario are “out of date.” “We’ll ...

Bloomberg Britain could create 850,000 new green energy jobs this decade if it uses recovery stimulus to fast-track decarbonisation, a report has found. Financial stimulus being used to kick-start the economic recovery from coronavirus should accelerate the UK’s path towards net-zero emissions and limit the worst effects of climate change, according to a report by a the cross-party IPPR environmental ...