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US, Japan-led climate pact set to offer Indonesia $15b

Bloomberg The US, Japan and other countries will offer a climate finance deal worth as much as $20 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel. Details of an agreement will be announced during the Group of 20 meetings in Bali next week after talks between US President Joe Biden and Indonesian President ...

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Hindalco profit sinks on high costs, plans to raise $124 million

  Bloomberg Hindalco Industries Ltd., the metals flagship company of billionaire Kumar Mangalam Birla’s conglomerate, posted a sharp decline in quarterly profit as higher input and energy costs hurt its margins. The aluminum and copper producer’s board also approved a proposal to raise as much as 10 billion rupees ($124 million) through bonds, loans, debentures and other securities, it said ...

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Europe’s gas use slides 22% as households keep heating off

  Bloomberg Europe reined in its natural-gas consumption last month as households kept the heating off amid warm weather, providing some relief to a tight market ahead of winter. Governments across the region have been pleading with consumers to reduce their gas use after a slump in Russian supplies raised specter of rationing once the weather gets cold. A mild ...

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