Bloomberg BYD Co, the Chinese electric-vehicle maker backed by Warren Buffett, will start offering a full suite of EV components to rivals and aspiring auto manufacturers to diversify its revenue sources amid sputtering car demand. Among the parts that the Shenzhen-based company makes and now sells are electric-car batteries, powertrains and lights, founder Wang Chuanfu said in an online press ...

Bloomberg Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any US sanctions in an escalating fight between Caracas, Washington and Moscow. Rosneft is selling local production, service and trading assets to a state-owned company, it said in a statement. The move is to protect shareholders’ interests, ...

Bloomberg The carbon market’s automatic stabilisers are set to kick in, softening the blow of the economic slump in the European Union caused by the spread of the coronavirus. The system, known as the Market Stability Reserve and introduced last year, will absorb some of the supply of allowances that factories and utilities need to buy to cover their greenhouse ...