Bloomberg China this year will be able to absorb 52% more new wind and solar power capacity than in it added 2019. The world’s biggest energy consumer has space on its grids to add 36.65 gigawatts of wind and 48.45 gigawatts of solar, according to a transmission analysis report by the National New Energy Absorption Monitoring and Warning Center. Grid …

Bloomberg Unfazed by criticism it is unfairly blocking renewable energy projects, Mexico’s state-owned utility is doubling down on demands for regulators to protect its market share. The Comision Federal de Electricidad, which says it produces 54% of the nation’s power, wants regulators to raise transmission costs for private companies immediately, company head Manuel Bartlett said in an interview. A raft …

Bloomberg Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta …

Bloomberg Wumei Holdings Inc, the Chinese retail group that owns one of the country’s biggest supermarket chains, is considering an initial public offering in Hong Kong, people with knowledge about the matter said. The Beijing-based company has held preliminary talks with potential advisers about a listing, according to the people, who asked not to be identified because the information is …

Bloomberg Air Canada’s bid for tour operator Transat AT Inc faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada. The European Commission set a September 30 deadline to rule on the deal, citing concerns that the “transaction could significantly reduce competition on 33” routes, …

Bloomberg The German government’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG may cost the stricken carrier some valuable assets: Key flight slots at airports in Frankfurt and Munich. The European Commission wants Lufthansa to surrender the slots out of concern the aid will give the carrier unfair advantage over competitors, people familiar with the matter said. After weeks …

Bloomberg EasyJet Plc Chief Financial Officer Andrew Findlay has informed the carrier that he plans to leave next year, days after facing down a demand for his removal from the board in a dramatic shareholder vote. Findlay will stay on until May 2021 when his contract expires, EasyJet said in a statement on Tuesday. The low-cost carrier said it would …

Bloomberg One of the European Central Bank’s (ECB) key policy makers signalled that the institution is very likely to boost its emergency bond-buying program to fight the coronavirus. With inflation low, there is room to innovate and act “rapidly and powerfully,” Bank of France Governor Francois Villeroy de Galhau told a conference in Paris. He also signalled that he’d like …

Bloomberg HSBC Holdings Plc is taking full control of its German business as Europe’s largest lender restructures its global operations. The bank will acquire an 18.66% stake in HSBC Trinkaus & Burkhardt AG from Landesbank Baden-Wuerttemberg, a regional lender in the south of Germany, according to statements by the banks. They didn’t disclose a price. HSBC is pivoting to Asia …

Bloomberg People’s Bank of China (PBOC) Governor Yi Gang said the central bank will focus on five measures to support credit provision to the real economy, following the government’s announcement of more “direct” support in its annual policy blueprint released last week. In the near future officials plan to roll out more measures to enable small firms to delay repayment …