Bloomberg The Trump administration is on track to obliterate former President Barack Obama’s signature plan for combating climate change by replacing sweeping curbs on power plant emissions with requirements for modest upgrades at the sites. The Environmental Protection Agency is set to unveil its rewrite of the Clean Power Plan as soon as Wednesday, finalising a replacement rule that would ...

Bloomberg Investor confidence in Germany’s economic outlook worsened dramatically in June after the Bundesbank predicted the economy will shrink this quarter. An index measuring prospects for the next six months fell to -21.1 in June, a far worse reading than economists expected. The decline indicates increased pessim-ism after solid first-quarter growth, and comes as the ECB debates if it needs ...

Bloomberg Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models. Chief Executive Officer Herbert Diess has mapped out a “massive expansion” in software and digital investments, and the manufacturer earlier this year ...