Bloomberg Poland rejected the European Union’s move on Saturday for a possible lawsuit to halt the just-passed overhaul of the country’s lower courts, saying the bloc lacked such authority and would ultimately have to turn back. The escalation in an almost two-year row over court independence and the government’s respect for the rule of law opens the way for the …

Bloomberg Caution lights are flashing for the oil industry. Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess Corp. to Statoil ASA have slashed their capital spending plans in recent days, as companies lay out their plans to cope with oil prices stuck below $50 a barrel. The budget cuts won’t necessarily mean less oil or natural gas on the …

Bloomberg Two Indian states at the forefront of adding renewables to their power mix are backtracking on agreements for at least one gigawatt of wind projects and are seeking lower prices, potentially dealing a blow to Prime Minister Narendra Modi’s green energy goals. The southern states of Andhra Pradesh and Karnataka, which account for a quarter of the country’s installed …