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Iberdrola buys stake in $2.7bn wind farm

Bloomberg Iberdrola SA agreed to buy the 30% stake it didn’t already own in a wind farm project off the coast of France that will cost an estimated 2.4 billion euros ($2.73 billion) to build as the Spanish utility pursues its fast expansion in the clean power market. Iberdrola, which already had 70% in the Bay of Saint-Brieuc project, is ...

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Germany boosts investment to protect economy from virus hit

Bloomberg German Chancellor Angela Merkel’s government will invest an additional 12.4 billion euros ($14.1 billion) between 2021 and 2024 and take its first steps to help companies and workers affected by the fallout from the coronavirus outbreak. After more than seven hours of talks, Merkel’s coalition loosened rules for short-term work compensation. The changes will make it easier for companies ...

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Johnson announces $6.5bn boost for UK broadband service

Bloomberg Boris Johnson will announce a 5 billion pound ($6.5 billion) investment in the UK’s next generation broadband internet services as he seeks to ensure that remote parts of the country can benefit. The British leader has made it his mission to “level up” regions that have been “left behind” economically, with investment in key infrastructure. On Wednesday, Finance Minister ...

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