Bloomberg Ant Group Co has completed the first sustainability-linked loan arrangement in China’s tech sector. The Chinese fintech company spun off from Alibaba Group Holding Ltd has arranged a sustainability-linked revolving credit line with French bank BNP Paribas SA, according to a statement. Sustainability-linked loans (SLLs) have interest rates that change depending on if corporations are able to meet certain ...

Bloomberg New Zealand will accelerate its adoption of electric vehicles and investigate hydrogen as an alternative energy source as it seeks to phase out fossil fuels and play its role in mitigating global warming. Announcing its first emissions reduction plan in Wellington, the government said it will initially allocate NZ$2.9 billion ($1.8 billion) over four years to fund a range ...

  Bloomberg The US Commerce Department is deepening its probe into whether solar power companies are circumventing import tariffs, singling out some of the industry’s giants for increased scrutiny. The agency identified eight manufacturers, including industry leaders Longi Green Energy Technology, Trina Solar and Jinko Solar, for mandatory questionnaires to plumb for more information on whether they are skirting US ...