Bloomberg Italy will invest over 4 billion euros ($4.4 billion) to develop the domestic semiconductor industry, as it seeks to support companies transitioning to greener technologies. Prime Minister Mario Draghi’s government approved a new fund which will allocate 150 million euros in 2022 and 500 million euros each of the following years until 2030 as part of a new ...

  Bloomberg A group of the world’s richest nations that pledged $8.5 billion in climate finance to South Africa wants the money to be used to retire coal-fired power plants, according to a senior U.S. official involved in the talks, damping suggestions some could be channeled to producing electric vehicles and green hydrogen. The funds pledged by the US, UK, ...

  Bloomberg US futures fluctuated and stocks were lower as investors assessed the impact of Russia’s invasion of Ukraine on commodity supply and the global economy. Oil topped $110. Contracts on US gauges were little changed, after the S&P 500 swung between losses and gains. The Stoxx Europe 600 Index was also lower, after briefly erasing declines. Ericsson led a ...