Bloomberg The UK’s National Grid Plc will run a test of one of the country’s coal-fired power generators that’s being kept in reserve to boost supplies this winter. A Drax Group Plc unit will start up and generate as much as 300 megawatts as the grid operator checks that contingency tools are ready and working if needed. Temperatures plummeted to ...

  Bloomberg Australia passed a law to cap domestic prices of natural gas to limit the impact of soaring global costs on local power bills, ignoring protests from the nation’s powerful energy exporters. At a special sitting, Australia’s parliament passed legislation to cap wholesale gas prices for 12 months. The government also agreed with state and territory leaders to impose ...

  Bloomberg California will spend $2.9 billion building out its network of electric vehicle chargers and hydrogen fueling stations as the state moves to phase out fossil fuel-burning cars and trucks. The California Energy Commission said it would more than double the 80,000 public chargers already deployed across the state and keep the city on track to reach its goal ...

  Bloomberg Scientists in California have made a key breakthrough in nuclear fusion, a technology with the potential to transform the global energy landscape. Researchers at the US Department of Energy’s Lawrence Livermore National Laboratory near San Francisco were able produce a fusion reaction that generated more energy than it consumed. Fusion is the same process that powers stars and ...

  Bloomberg Three US lawmakers questioned Amazon.com Inc’s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. The lawmakers said the e-commerce company should be constructing the warehouse with stronger safety features than existed before the collapse. Amazon is a tenant in the facility owned ...

  Bloomberg Workers at Rolls-Royce Motor Cars Ltd will receive as much as an 18% pay increase, which the Unite union claimed was a record increase. Around 1,200 staff who put together the luxury brand’s Phantom, Ghost and Cullinan models at its factory in Goodwood voted in favour of a 10% wage increase along with a one-off payment of £2,000 ...

  Bloomberg Tesla Inc is building 3,000 Model Y SUVs a week at its new Austin, Texas, factory — a sign that the electric-car maker is making up for lost time at the money-losing plant. Tesla shared the new production figure in a tweet. The milestone comes a week after Bloomberg News reported that Chief Executive Officer Elon Musk had ...

Bloomberg Private-sector activity in the euro area’s top two economies shrank in December, but while France faces a greater risk of falling into recession, the downturn underway in Germany is showing signs of easing as inflation cools. S&P Global’s flash Purchasing Managers Index for France dropped to its lowest level in almost two years, unexpectedly falling to 48 on service-sector ...

  Bloomberg Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor. De Meo, 55, will replace Frederic Mazzella on the French company’s 16-member board, the maker of Austral and Megane E-Tech cars said, confirming a previous ...

  Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...