Bloomberg Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would ...

Bloomberg Oil headed for a weekly gain as threats to supply in Iran and Venezuela overshadowed risks to demand, while an uncertain outlook heightened volatility. Futures in New York are on course for a 1.7 percent advance this week amid signs that looming US sanctions are taking a toll on Iranian crude exports. Volatility headed for the biggest weekly increase ...

Bloomberg A British couple vacationing at the Red Sea resort of Hurghada last month died of illness triggered by E. coli bacteria, Egypt’s prosecutor said, citing a forensic report. John and Susan Cooper died on August 21 while staying at the Steigenberger Aqua Magic hotel. The couple had been booked at the hotel through tour operator Thomas Cook Group Plc, ...