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China Three Gorges plans $3.5bn IPO of renewables unit

Bloomberg State-owned China Three Gorges Renewables Group Co is seeking to raise 25 billion yuan ($3.5 billion) in what could be one of the country’s biggest initial public offerings this year. The company plans to sell as many as 8.57 billion shares in Shanghai, according to a prospectus posted on the website of the China Securities Regulatory Commission. The assets ...

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Soldiers guarding gasoline in Venezuela

Bloomberg The few gasoline stations still open in Caracas are manned by armed soldiers, and those waiting to fill their vehicles in day-long lines are only security personnel and designated medical and food suppliers. Under coronavirus quarantine like most of the world, Venezuelans are used to shortages after seven years of economic meltdown. But in the past few weeks, as ...

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Key COP26 climate summit postponed to ‘safeguard lives’

Bloomberg A pivotal round of global climate talks scheduled for November in Scotland has been postponed because of the coronavirus. The delay deals a blow to efforts to tackle climate change and raises questions about unanticipated obstacles to international cooperation created by the pandemic. Rounds of preliminary talks in the lead up to the COP26 conference, one of the world’s ...

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