Bloomberg RWE AG is investing more than it originally planned on building renewable energy capacity to make Europe more energy independent as a worsening crisis threatens the region’s economy. Germany’s biggest power producer plans to spend more than 5 billion euros ($5.2 billion), on green technologies this fiscal year, including wind, solar and batteries, as well as ramping up ...

  Bloomberg Adani Enterprises Ltd plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire. The flagship company of the Adani group got the approval to build the refinery and a captive power plant in Rayagada for an ...

Bloomberg Neptune Energy Group Ltd.’s chief warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself. The government in May slapped a 25% windfall tax on producers’ profits to fund aid to the poorest households amid a cost-of-living crisis. The levy — which will ...

  Bloomberg A closure of the Rhine River could disrupt the daily trade of hundreds of thousands of barrels of oil products, piling yet more pressure on Europe’s energy-supply chain. The water level at Kaub, west of Frankfurt, is forecast to drop below a critical 40-centimeter mark (under 16 inches), and to 33 centimeters. At that point, it becomes uneconomical ...

  Bloomberg Thyssenkrupp AG lowered its full-year profit forecast after rising interest rates triggered a writedown at the German company’s steel division. The engineering giant said it now sees net income in the high triple-digit million-euro range for 2022, below its previous projection of at least 1 billion euros ($1.03 billion). Thyssenkrupp made some progress improving operating profitability. Adjusted earnings ...

  Bloomberg Online searches for flights out of Hong Kong surged by 290% in the 24 hours after the government announced shorter hotel quarantine requirements, according to travel company Expedia Group Inc. The top-trending destination was Thailand’s capital Bangkok, followed by Osaka in Japan, with flight searches jumping tenfold for both from the previous seven-day average, Expedia said. Travel within ...

  Bloomberg Boeing Co’s shares climbed after American Airlines Group Inc took delivery of the first 787 Dreamliner since US regulators approved the planemaker’s plan to address tiny structural flaws in its carbon-fiber jetliner. American signed the paperwork for the Dreamliner, marking the resumption of handovers of the jets, an important source of cash for Boeing. The carrier, which had ...

  Bloomberg Tyson Foods Inc, the biggest US meat company, is getting hit by inflation with soaring costs and a tight labour market squeezing sales of chicken and other meat. The owner of Hillshire Farm and Ball Park hot dogs posted adjusted earnings of $1.94 a share for its third quarter, narrowly missing the $1.98 average estimate of analysts surveyed ...

  Bloomberg Retailers including Tesco Plc and J Sainsbury Plc are calling on British police to focus on retail crime as the cost of living weighs heavily on shoppers and leads to theft. More than 100 retailers have written a joint letter to Police and Crime Commissioners in England and Wales expressing concerns about rising levels of anti-social behaviour towards ...

  Bloomberg Market Kurly became South Korea’s first billion-dollar online grocery app by delivering fresh produce to customers’ doorsteps by dawn the next day. Now it’s expanding to Singapore by offering products on Alibaba Group Holding Ltd’s RedMart. Singaporeans were expected to buy Market Kurly’s ready-to-cook and ready-to-eat meals via the app, owned by Alibaba unit Lazada. They include frozen ...