Bloomberg San Miguel Corp will build two gas-fired power plants in central Philippines for $1.14 billion) as the nation’s largest conglomerate shifts away from coal. Indirect subsidiary Prestige Power Resources Inc will construct a 600-megawatt combined cycle gas plant in Leyte province for 41.5 billion pesos, while another indirect unit Reliance Energy Development Inc is planning a 300-megawatt plant ...

Germany’s armed forces are “more or less bare,” the country’s most senior army officer, Alfons Mais, declared last month in reaction to Russia’s invasion of Ukraine. “The options that we can offer the politicians to support the alliance are extremely limited. We all saw it coming and were not able to get through with our arguments … This does not ...

  Maybe port logjams and semiconductor shortages weren’t such bad problems to have after all. CEOs have talked of little else for the better part of the past year, but these issues feel rather beside the point compared with the tragic loss of life wrought by Russia’s invasion of Ukraine and have largely dropped out of the headlines. For example, ...