Bloomberg Britain’s power generation industry is headed for its greenest year yet as more renewable capacity is added and coal plants are needed less often. The carbon intensity — a measure of the environmental impact of generating electricity — has dropped 60% in the UK in the six years to 2019 and is on track to reach another low this ...

Bloomberg Orsted, the world’s biggest developer of offshore wind parks, agreed to sell a stake in a farm off coast of Taiwan in a deal worth $2.7 billion. The agreement hands Caisse de depot et placement du Quebec and Cathay PE, a Taiwanese private equity fund, 50% of Orsted’s 605 megawatt Greater Changhua 1 Offshore Wind Farm, Danish company said. ...

A British banker and mother of two who has lived in Hong Kong since 2008 recently told me that “push factors are adding up” and she’s “close to the point” of taking the risk of relocating to Europe for the sake of her eight-year-old daughter’s well-being after a year of schooling disruptions. Welcome to the Covid-19 reset. This year has ...

As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency. Cryptocurrency serves some useful purposes. But there are some pretty wild speculations going around. One of the more fundamental ...

As long as Wall Street has been in existence, it has been a tradition around this time of year for market participants to make predictions about what might happen to stock prices, interest rates, commodities and exchange rates in the following 12 months. These predictions garner a lot of attention, as they are made by very smart people with access ...

Russian prime ministers are often swiftly forgotten. Few, like Vladimir Putin himself, have gone on to greater things. Since taking over as prime minister in January, Mikhail Mishustin has promoted himself out of the first group. The tech-savvy former tax chief became the face of the government’s coronavirus response after Putin, early on, faded from view. He’s pushing through an ...

Bloomberg Southwest Airlines Co. said it would rescind plans to cut jobs and wages next year, now that new federal payroll support has been approved, averting what would have been the first worker layoffs in the carrier’s history. US airlines will receive $15 billion to pay workers as part of the package President Donald Trump signed into law on Sunday. ...

Bloomberg Smaller Chinese companies and those in the retail industry are struggling to access credit amid a weak recovery in consumer spending, according to China Beige Book International (CBBI), a provider of independent economic data. Loan rejection rates for retail businesses increased to 38% in the final quarter of 2020 from 14% in the previous quarter, according to the latest ...

Bloomberg Commercial drone use for deliveries and services is set to clear a major hurdle in the US as soon as this week with new requirements that most of the devices transmit a radio beacon with a digital license plate to help ensure safety and prevent misuse. All but the smallest drones will have to broadcast a radio signal identifying ...

Bloomberg Ryanair Holdings Plc and Wizz Air Holdings Plc will take away the voting rights of shareholders outside of the European Union to ensure they comply with the bloc’s airline ownership rules after the Brexit transition. All non-EU nationals will lose their voting rights from January 1, Irish discounter Ryanair said on Tuesday in a statement. Hungarian rival Wizz said ...