A few months ago, it looked like a cascading global power crunch was about to turn back the tide of the energy transition. In China, shortages of coal drove prices of solid fuel to 1,908.20 yuan per metric ton ($299.29), leading to power cuts and industrial shutdowns as generators refused to sell fixed-tariff power at a loss. In Europe, ...

Anything with a hint of green was taking it on the chin after Senator Joe Manchin of West Virginia rejected the Build Back Better Act. President Joe Biden’s signature legislative package contained roughly half a trillion dollars of support for various forms of cleantech, the biggest federal commitment to the energy transition by far. Tesla Inc, the electric-vehicle pioneer, took ...

  As omicron cases rise rapidly, there are urgent questions about how aggressively we should respond. At one extreme are reactions like that of the Netherlands, which has moved into full lockdown mode to blunt the variant’s spread. Another possibility, so far the default in many parts of the US, is simply to not do very much, whether out of ...

  Do you think JPMorgan was doing a lot of crimes in the group chat? We have no way of knowing. Last week US regulators fined JPMorgan Chase & Co a total of $200 million for violating record-keeping requirements. From the Securities and Exchange Commission’s announcement: As described in the SEC’s order, JPMS admitted that from at least January 2018 ...

  Bloomberg Snapdeal Ltd, the Indian e-commerce startup backed by SoftBank Group Corp, filed preliminary documents for an initial public offering, adding to the rush of tech companies looking to debut on the country’s exchanges amid a record-breaking stock market rally. The New Delhi-headquartered company plans to raise 12.5 billion rupees ($165 million) through the sale of new shares, according ...

  Bloomberg Airlines ordering single-aisle jets from Airbus SE may have to wait as long as 2025 for deliveries due to supply constraints, the FT reported. Current delivery slots for larger orders are “by and large” around 2024 to 2025, Christian Scherer, the company’s chief commercial officer, said. “There is a supply constraint for the most desirable assets out there,” ...

  Bloomberg Europe’s travel and leisure stocks took a fresh beating amid concern about a tightening of pandemic restrictions over the key Christmas period to stem the spread of the omicron Covid-19 variant. The Stoxx Travel and Leisure index fell as much as 3.4% in early trading, the most since worries about the new strain emerged last month, with airlines ...

  Bloomberg Target is an early winner of the US holiday shopping season. The big-box chain increased sales approximately 10% in November, according to Bloomberg Second Measure, which analyses anonymised US consumer transactions to measure revenue. The retailer’s gains doubled the rate of top rivals Walmart and Amazon. Of course, December could be a different story with the arrival of ...

  Bloomberg McDonald’s Holdings Co Japan will only offer french fries in small sizes after flooding at a Vancouver port and the coronavirus pandemic have cut off supplies of one of its key offerings. While the fast-food chain is trying to address the problem with alternative flights and is cooperating with suppliers and importers, it will only offer small-size french ...

  Bloomberg Airline startup Norse Atlantic ASA took delivery of the first of a fleet of Boeing Co 787 Dreamliner jets ahead of a planned beginning of transatlantic flights in spring 2022. The carrier, led by shipping entrepreneur Bjorn Tore Larsen, will continue to receive as many as 15 of the planes through April and they will be based in ...