Bloomberg European stocks extended a global retreat and German bonds climbed as investors weighed the risks of the upcoming earnings season and economic hit of rising virus cases. S&P 500 and Nasdaq futures pointed to a higher open after finishing in the red yesterday. The UK’s two-year bonds yielded less than Japanese debt for the first time. In Asia, shares …

Bloomberg Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India. Sundar Pichai, the CEO of parent Alphabet Inc., made the announcement at the annual Google for India event via video conference. He said the coronavirus outbreak has made clear importance of technology for conducting …

Bloomberg Oil edged lower ahead of an Opec+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40 a barrel. The producer bloc will review the state of the market at an online meeting on …

Bloomberg CenterPoint Energy Inc, a power and natural gas supplier that’s been dragged down by an investment in a pipeline company, plans to sharpen its focus on regulated utilities and renewables while overhauling its strategy, according to its new chief executive officer. The Houston-based company was already pushing to become more of a pure-play utility and will now accelerate that …

Bloomberg Permits for European Union carbon emissions rose above 30 euros ($34) a ton for the first time since 2006 as the bloc works to enact a sweeping overhaul to cut greenhouse-gas emissions. Carbon futures climbed despite an overall gloomy economic outlook and with pollution set to fall to the lowest level in decades this year. While actual emissions plunge …

Bloomberg A Russian mining giant, which is already in a dispute with authorities over a fuel spill in the Arctic earlier this year, has suffered a leak in a pipeline. MMC Norilsk Nickel PJSC reported a leak at its energy unit estimated at 44.5 tons of fuel near the village of Tukhard in the Arctic, about 2,700 kilometres (1,678 miles) …

Bloomberg Portugal’s decision to oust the chief executive officer of TAP after a rescue of the nation’s leading airline has created an urgent vacancy to fill at a time when a broad overhaul is needed. As the government agreed to boost its holding in loss-making TAP to 72.5% on July 2, it simultaneously ended the tenure of Antonoaldo Neves after …

Bloomberg Cathay Pacific Airways Ltd’s shareholders approved a plan to raise HK$39 billion ($5 billion) in a government-backed rescue that includes the sale of preference shares and a rights issue. All resolutions put to vote were approved, the airline said in a statement following an extraordinary general meeting in Hong Kong on Monday. When the recapitalisation plan was announced last …

Bloomberg A long-awaited equal pay lawsuit at the UK Supreme Court could see thousands of mostly female workers obtain better wages from the largest supermarkets and end up costing the chains as much as 8 billion pounds ($10.1 billion). The Supreme Court was expected to scrutinise a discrimination case brought by more than 15,000 employees who work at Walmart’s Asda …

Bloomberg Beyond Meat is at risk of being part of a food craze that could potentially sputter and continues to face heightened competition, according to a Citi analyst who initiated coverage with a sell rating. Close to one-quarter of Americans are eating less meat now than last year, but they aren’t doing so out of moral opposition to eating animals …