Bloomberg The pain felt by Big Oil from the coronavirus-led plunge in demand may derail global efforts to cut pollution, the International Energy Agency (IEA) said. The slowdown and falling prices “undermines the ability of the oil industry to develop some of the technologies needed for clean energy transitions around the world,” said the Paris-based agency. The industry has repeatedly ...

Bloomberg Denmark may issue securities in foreign currencies for the first time in years as the government debt office pulls out the stops to finance programs to support the economy through the coronavirus crisis. While issuing in Danish kroner is the preferred option, Denmark is “one of the few countries in the world with the highest credit rating” and therefore ...

Bloomberg The International Monetary Fund (IMF) said all European countries can and should react “forcefully” to the economic crisis unleashed by the coronavirus pandemic, endorsing governments’ efforts to increase spending. “Fiscal deficits in Europe are said to increase by about 6% of GDP in 2020. This is large, but it’s entirely appropriate in the current crisis,” European Department Director Poul ...