Bloomberg Oil majors paid a hefty premium to develop the next generation of major British offshore wind farms after BP Plc and Total SE won contracts in an auction ahead of many of the utilities that have dominated the space until now. The Crown Estate auctioned seabed rights that will allow about 8 gigawatts of new wind farms, enough to ...

Bloomberg Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy. The results show once again how the French giant has proved more resilient than its peers throughout downturn caused by coronavirus pandemic. As its more heavily indebted rivals have stumbled, Total led the way ...

The extended trial brief filed by Donald Trump’s lawyers advances three defenses: that Trump did not incite the January 6 attack on the Capitol; that the Senate can’t try a president who is no longer in office; and that the First Amendment protects Trump from being impeached for words that, they say, don’t meet the requirements for criminal incitement conviction ...

The biggest sterling corporate bond deal ever is being launched to refinance the purchase of Asda, a British supermarket owned previously by Walmart Inc. It will be a real test of investor appetite amid the mad market rush for seemingly any kind of asset. In normal times, it would be a brave move funding a leveraged buyout by new entrants ...

It looks like congressional Democrats and the White House will get those $1,400 stimulus checks out the door in the next few weeks. Economists and the government are hoping you spend 100% of that money immediately to boost the economy. A booming economy would be a good thing, but that doesn’t mean you should spend your whole check. Instead, consider ...

President Joe Biden’s early efforts on immigration have focused on quickly mending the damage done by his predecessor. Quite right. President Trump was especially active, and especially foolish, on immigration, so there’s plenty to undo. But Biden is also looking farther ahead, and he’s proposed a comprehensive immigration reform that’s meant to resolve the issue for the foreseeable future. This ...

Bloomberg TUI AG stuck with plans to offer four-fifths of its usual holiday program this summer, betting on a surge in demand from Britain to fill hotel rooms as the country’s Covid-19 vaccination program gathers pace. The world’s biggest tour operator said in a statement on Tuesday that while current sales are at only 56% of 2019 levels, prices are ...

Bloomberg Air France-KLM’s Dutch arm operated a passenger flight from Amsterdam to Madrid that the carrier says was the first in the world to use sustainably derived synthetic aviation fuel. The Boeing Co 737-800 narrow-body plane carried 500 litres of the fuel produced by Royal Dutch Shell Plc, equating to more than 5% of the total requirement for the trip, ...

Bloomberg Kenya Airways Plc increased cargo capacity after its rival, Ethiopian Airlines, was allowed to deploy more freighters to help carry Kenyan flowers to Europe ahead of Valentine’s Day this weekend. The Kenyan airline adapted a passenger Boeing 787 Dreamliner to start carrying cargo, and help meet more flower orders. The conversion and increased flight frequencies will add as much ...

Bloomberg British Airways is partnering with LanzaJet for sustainable aviation fuel as part of the carrier’s plans to decarbonise by 2050, amid rising pressure on the aviation industry to cut emissions. The US startup will supply ethanol-derived fuel from its Freedom Pines Fuels facility in Georgia, and British Airways will use it to power some flights starting in late 2022, ...