Islamabad / Bloomberg Pakistan is two months away from finally completing an International Monetary Fund program its government signed up to after more than 10 previous failures. Prime Minister Nawaz Sharif won the $6.6 billion loan to avert a balance-of-payments crisis soon after taking power in 2013, and has since seen the pace of economic growth increase while deficits ...

  Sydney / Bloomberg Australia’s government plans a A$1 billion ($736 million) fund to protect the Great Barrier Reef from the effects of climate change and declining water quality. Warming waters are bleaching the reef’s coral, while run-off from the land such as farm fertilizer is harming water quality, Prime Minister Malcolm Turnbull said at a news conference in Queensland ...

  Bloomberg The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end—in less than a decade. That’s according to a new forecast by Bloomberg New Energy Finance that plots out global power markets for the next 25 years. Call it peak fossil fuels, a turnabout that’s happening ...