Bloomberg European Union (EU) governments are trying to forge a consensus over how to provide aid to the countries hardest hit by the coronavirus pandemic. With France and, crucially, Germany proposing a jointly-financed recovery fund to help the region cushion the blow from the steepest recession in living memory, the outcome of the talks could determine the bloc’s future direction ...

Bloomberg The economy of the world’s biggest energy exporter is heading for its deepest slump in more than 10 years due to the fallout from the coronavirus. A bigger crisis may be just around the corner. Analysts at the Kremlin-funded Skolkovo Energy Center warned this month that the nation faces years of economic stagnation as demand for its carbon-heavy exports ...

Bloomberg Survey work will soon begin on an ambitious plan to export power from a giant solar farm in Australia to Singapore via a 3,800 kilometre (2,360 mile) undersea cable. The Sun Cable project, which is backed by Atlassian co-founder Mike Cannon-Brookes and Fortescue Metals’ founder Andrew Forrest, has awarded a contract to Perth-based Guardian Geomatics to conduct a route ...