Bloomberg Mark Carney, head of transition investing at Brookfield Asset Management, said investments in clean energy are running at a third the pace that’s required to meet climate goals. The world isn’t “going far enough or fast enough” to shift to low-carbon fuels, he said in an interview on Bloomberg TV. “We need to up our game.” The Glasgow ...

One of the biggest questions of the Ukraine war concerns tensions half a world away: What lessons will China draw from the Russian invasion? Western observers hope that Russian President Vladimir Putin’s faltering invasion of Ukraine will convince China to go slow — that it will discourage President Xi Jinping from undertaking an invasion of Taiwan. Yet there’s a real ...

Their bruising battle for control of a bankrupt Indian retailer isn’t over yet, and two of the world’s richest men are already heading for a second round in their contest — this time on the cricket field. Mukesh Ambani, the petrochemicals and telecommunications tycoon, is expected to vie for broadcast and streaming rights of the Indian Premier League via his ...

  One problem with Elon Musk’s offer to buy Twitter Inc for about $40 billion is that he does not have $40 billion. Of course he is very rich — the richest person in the world, worth $260 billion by Bloomberg’s estimate — but most of that money is tied up in the stock of Tesla Inc, SpaceX, the Boring ...

  Two world wars had raged within three decades, costing over 100 million lives, when history’s most destructive weapon was deployed in August 1945. The horrific prospect of nuclear-fuelled, mutually assured destruction has kept superpowers in check since then, and a cyber-equivalent may be just what’s needed as global hostilities turn digital. Russia’s invasion of Ukraine in February has been ...

Bloomberg American Airlines Group Inc surged, leading an industry rally after saying that corporate and international flying are coming back and that it will be profitable this quarter. The upbeat outlook came as American reported that first-quarter revenue rebounded to 84% of pre-pandemic levels as offices reopened and travel restrictions were lifted across the globe. Sales this quarter will exceed ...

  Bloomberg India will finalise the sale of state-owned helicopter service provider Pawan Hans Ltd and has received bids from companies including JSW Steel Ltd and Jindal Steel & Power Ltd, according to people with the knowledge of the matter. A group of officials headed by Cabinet Secretary Rajiv Gauba was expected to meet to pick the winning bid, the ...

  Bloomberg A new budget carrier meant to be the first international customer for China’s homegrown passenger jet is going with Airbus SE for its first plane, the carrier’s website shows. Indonesian low-cost carrier PT TransNusa Aviation Mandiri may eventually have as many as six Airbus jets in its fleet, with a second due to arrive next month, a person ...

Bloomberg Thailand will scrap a mandatory Covid test on arrival as the Southeast Asian nation rolls back some of the pandemic-era measures seen as deterring global tourists. The RT-PCR tests will be replaced with a voluntary self-administered antigen tests for those entering via air and land borders from May 1, Taweesilp Visanuyothin, a spokesman for the nation’s main virus task ...

  Bloomberg Eswatini, Africa’s last absolute monarchy, is set to launch a flag-carrier airline almost a quarter of a century after the previous one ceased operations in the country formerly known as Swaziland. Eswatini Air will fly from national capital Mbabane to cities such as Johannesburg and Cape Town in neighboring South Africa starting later this year, Qiniso Dhlamini, chief ...