Bloomberg Swiss retail sales fell in December from a year earlier as winter gloom and inflation concerns weighed on consumers. The 2.8% drop — following contractions in October and November — was the first such decline in that month since 2016, suggesting weak household spending at a time of year that typically is among the best for retailers. The …

  Bloomberg The European Union (EU) unveiled a roadmap for how it plans to keep its industries competitive as the bloc tries to catch up to the US and China, which offer huge subsidies to domestic green technologies. The European Commission wants to use its Green Deal Industrial Plan to boost national support for companies through investment aid and tax …

  Bloomberg The price tag for TC Energy Corp.’s Coastal GasLink project has jumped to C$14.5 billion ($10.9 billion), as labour shortages and contractor disputes continue to plague a pipeline that will supply Canada’s first major liquefied natural gas export plant. The cost could rise another C$1.2 billion if there are more delays that extend construction into 2024, the Canadian …