Bloomberg A “colossal” investment in nuclear energy will be needed over the next 30 years to meet the European Union’s emissions reduction targets and growing demand for electricity, the bloc’s internal market chief Thierry Breton said. Existing nuclear plants need 50 billion euros of investment through to 2030, while the next generation will require 500 billion euros ($568 billion) …

  Bloomberg Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators. The administrators for the flag carrier received claims from more than 470 creditors by the end of a January 5 deadline, Martin Patrick Nagel and Jandri Siadari, members of the team …

  Bloomberg Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the …