Bloomberg The majority of China’s massive desert renewable power project will be built after 2025, and most of the capacity in the first phase will come from solar, according to a researcher from the country’s largest grid operator. The details fill in some gaps about the country’s plans to build 455 gigawatts of wind and solar power across the ...

Bloomberg Petrobras’s shareholders appointed Jose Mauro Coelho as a board member, a key step for the former energy ministry official to become chief executive officer and end a tumultuous leadership transition. The board of directors at Petroleo Brasileiro SA, as the state-controlled oil producer is known, will hold a separate vote to name Coelho as CEO. It is expected to ...

  Tesco Plc has become the first British food retailer to warn about the impact of the cost-of-living crisis. But it’s worth remembering that inflation — even at a 30-year high of 7% in March — isn’t all bad for grocers. The company announced a rebound in underlying operating profit in the year to February 2022, up almost 60% to ...