Bloomberg FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand. The pullback will reduce the availability of Sunday service to “more than 50%” of the US population, according to an internal memo. FedEx had announced in July that it would slash coverage on that day to roughly 80% ...

Bloomberg The head of the European Union’s executive arm said the bloc should pass a new law to fast-track investments in clean tech and boost funding for the energy transition in response to a US climate law it fears unfairly subsidizes American companies. “To keep European industry attractive, there is a need to be competitive with offers and incentives that ...

Bloomberg Boston-based startup Sublime Systems has raised $40 million to develop a new technology to produce low-carbon cement. The cement industry contributes as much as 8% to global emissions of planet-warming carbon dioxide. Meeting global climate goals under the Paris Agreement would require reducing that to zero within decades. However, cement has proven to be one of the more difficult ...