Wednesday , 17 December 2025

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India plans $6.6b lifeline for virus-hit power firms

Bloomberg India is planning to provide nearly $6.6 billion in loans to state power utilities as a slump in electricity demand squeezes liquidity while dues to generators pile up, according to people with knowledge of the development. The loans, via state-run Power Finance Corp. Ltd. and its unit REC Ltd., will help the utilities, known as discoms, clear debts to …

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World hunger could double as Covid-19 disrupts food supplies

Bloomberg The number of people going hungry around the world could double in just a few months as the coronavirus pandemic wreaks havoc on food supplies and hurts incomes. That’s according to a group of major food companies, industry bodies and academics, which warned that those suffering from chronic hunger may surge from about 800 million amid mounting food-supply risks. …

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Air France-KLM sees 90% of its capacity to remain suspended

Bloomberg Air France-KLM expects more than 90% of its capacity to remain suspended through the end of May as the coronavirus pandemic paralyses the travel industry worldwide. For the next two months, the airline aims to continue serving only some key city pairs with a “skeleton operation,” according to a statement. Beyond that time frame, the company said, projections are …

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