Think the cost of electricity in Europe — where fuel shortages and the approach of winter recently drove prices over $200 per megawatt-hour — is crazy? You should check out Singapore. The city-state has seen wholesale prices rising as high as S$2,947 ($2,184)/MWh in October and $1,121/MWh last month. Those levels aren’t even particularly unusual in Singapore’s highly liberalised ...

  Although it has been a little wobbly over the past few weeks, the performance of the US dollar this year has been extraordinary. It has strengthened against just about every currency of consequence even though inflation pressures in the US have been worse than expected and the Federal Reserve has done nothing to counter them. Also remarkable is that ...

  Bloomberg Federal Aviation Administration (FAA) officials have approached US prosecutors to warn them that the lone person charged with a crime after the two fatal crashes of Boeing Co’s 737 Max is being made a “scapegoat,” according to a court filing in the case. Statements by the Department of Justice after it indicted Mark Forkner, Boeing’s former chief technical ...