Bloomberg Investment returns from UK power network operators are set to be higher than analysts expected as the regulator unveiled a $25.5 billion budget for expanding the grid for the green-energy transition. Ofgem said it’s proposing tough efficiency targets for the networks, along with a reduction in their allowed rate of equity return to 4.75% from about 6%. While ...

The leaders of the North Atlantic Treaty Organization countries are in Madrid for the alliance’s most consequential summit in a generation. Nato appears to have overcome Turkish diplomatic blackmail to bring in two new members, Sweden and Finland. It must approve a new concept for transatlantic security amid Russia’s ongoing assault on Ukraine. Not least, the alliance — and the ...

Nike Inc.’s sales slump in China is capturing attention. But it’s the slowdown in North America that should worry investors. The world’s largest sportswear company reported a 20% fall in sales, excluding currency movements, from greater China in the three months to May 31, as Covid-related disruptions affected 60% of its business in the country. Even as Nike announced a ...