Bloomberg Reliance Industries Ltd will invest 2 trillion rupees ($25 billion) to roll out its 5G services across India, its billionaire-chairman Mukesh Ambani said as he continues to expand and diversify his $220 billion empire. Reliance Jio Infocomm Ltd., the telecom unit of the retail-to-refining conglomerate will deploy a “standalone 5G” version that doesn’t depend on the earlier 4G network …

  Bloomberg German energy giant Uniper SE is seeking to extend a government credit line to 13 billion euros ($13 billion) in the latest sign of how the energy crisis is getting worse. The utility has requested an additional 4 billion euros ($4.1 bilion) from Germany’s state-owned lender KfW after fully using its existing 9 billion-euro credit line, Uniper said in …

  Bloomberg The European Union (EU) is planning urgent action to try to dampen soaring power prices and is putting together proposals to reform the electricity market, according to Commission President Ursula von der Leyen. “Skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design,” von der Leyen, who heads the EU’s executive body, …