Bloomberg National Grid Plc agreed to sell 60% of its gas transmission business to a consortium including Macquarie Group Ltd in a deal that will value the asset at 9.6 billion pounds ($12.7 billion). The UK firm will get about 2.2 billion pounds in cash from Macquarie’s asset management arm and British Columbia Investment Management Corp (BCI), it said ...

  Bloomberg TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President Vladimir Putin’s regime, Chief Executive Officer Patrick Pouyanne said. The French energy major said it will no longer sign or renew contracts to buy oil and petroleum products from Russia, with the aim ...

  Germany announced plans to switch away from Russian oil. It’s a laudable goal, but the logistics of doing so present an immense hurdle. With (almost) no oil production of its own, Germany depends on imports. Those come in two forms — crude oil for processing in the country’s refineries and finished products such as the diesel fuel that powers ...

Every year on July 31, on the site of an 18th-century coffee plantation in the Jamaican village of Woodside, there is a reenactment of Emancipation Day in 1838 when the slaves were freed by Royal Proclamation. People perform a memorial play, cite the proclamation and debate its meaning. The characters ask, “why should God save the Queen and not the ...

  The financial strictures imposed on Russia have put a spotlight on cryptocurrencies. Could the Russian government, or sanctioned officials, use digital assets to hide and move their wealth, undermining efforts to punish President Vladimir Putin’s regime for its bloody war in Ukraine? Here’s where things stand: Global illicit crypto activity amounted to $14 billion in 2021 — or about ...

  Judging by official Chinese media, President Xi Jinping appears to have focused more on the question of Taiwan than the Russian invasion of Ukraine when he spoke with his US counterpart Joe Biden. If Xi fears US support for what he calls “Taiwan independence” forces, many US analysts worry about the opposite — that China might be inspired by ...

  Bloomberg China has retrieved the second black box from a jet that crashed after days of searching, as investigators try to work out what happened to the China Eastern Airlines flight carrying 132 people that plummeted from a cruise altitude. The flight data recorder was found 5 feet (1.5 metres) beneath the soil, state broadcaster CCTV reported. Investigators made ...

  Bloomberg Hong Kong has cut the time airlines are banned for carrying excessive numbers of Covid-positive passengers to seven days from two weeks. The circuit-breaker mechanism that bans airlines if they carried four cases or more travellers from the same airport of origin within a week has been deleted, according to a statement released by the government. Under the ...

  Bloomberg Tata Group-owned Air India Ltd is looking at buying as many as 30 widebody aircraft, the enginemaker for Airbus SE’s A350 jets said, an order that will allow the former state-run carrier to aggressively pursue international growth. “I think they are looking at something up to 30 aircraft, could be as big as that, which is a big ...

  Bloomberg Boeing Co’s program to certify a new version of its 737 Max jet is running behind schedule and may not meet an end-of-year deadline, aviation regulators warned in a letter. The Max 10, an extended version of the company’s flagship single-aisle jet that was grounded in 2019 after two fatal crashes, must be approved by the Federal Aviation ...