There’s one surprise entrant in the group of oil companies announcing plans this year for how they’ll reduce emissions: PetroChina Co. China’s oil companies, unlike their peers in the US and particularly Europe, don’t traditionally treat climate targets as a major issue. Beijing, after all, isn’t even promising to hit its emissions peak until 2030. The large fund managers that ...

A spate of looting in Chicago in mid-August should remind us that the problem of concentrated urban poverty still exists in the US. While looting is often an outgrowth of protests — not only in big cities like Chicago, but also more recently in places such as Kenosha, Wisconsin — it also can represent a response to a sense of ...

Bloomberg Vodafone Group Plc’s India unit said it plans to raise as much as 250 billion rupees ($3.4 billion) selling shares, debt to shore up its finances as it takes on bigger rivals Reliance Jio Infocomm Ltd and Bharti Airtel Ltd, which have been luring subscribers from the struggling No. 3 wireless carrier. The board of Vodafone Idea Ltd approved ...

Bloomberg China will require passengers arriving on direct flights from the US to provide negative Covid-19 nucleic-acid test results taken within 72 hours of the flight. Passengers travelling from the US to China, and those transiting in any country that the Chinese government has listed as requiring the screening, must have negative Covid-19 results from a test done within three ...

Bloomberg Indian pharmaceutical companies will be among the largest producers of a coronavirus vaccine once it is available and will ensure supplies to friendly nations in the neighbourhood, said Foreign Secretary Harsh Vardhan Shringla. India’s relations with Nepal, Bangladesh and Sri Lanka have never been better “contrary to impressions,” Shringla said at a foreign policy seminar. The South Asian nation, ...

Bloomberg Chinese developers are facing the biggest liquidity test in more than four years, exacerbating challenges brought on by stringent funding restrictions and a prolonged profitability drop. Cash reserves of the nation’s 50 largest-listed home builders were just enough to cover short-term debt as of June 30, the least since 2016 when China began deleveraging its economy, according to recent ...

Bloomberg Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the Baltic Sea pipeline to Russia’s cooperation in an inquiry. ...

Bloomberg Hundreds of thousands of people have been ordered to evacuate in southern Japan, and companies including Toyota Motor Corp and Canon Inc are planning to shutter factories as Typhoon Haishen approaches. The Japan Meteorological Agency said the typhoon may make landfall on Kagoshima prefecture in the southern Kyushu island on Sunday evening. More than 46,000 households were without power ...

Bloomberg UK Foreign Secretary Dominic Raab said Russia has a “case to answer” over the poisoning of opposition leader Alexei Navalny given its “track record,” and called for the Kremlin’s cooperation with an international investigation. Speaking to the BBC on Sunday, Raab said that while it’s too early to attribute blame, “it’s very difficult to come up with a plausible ...

Bloomberg Democratic presidential nominee Joe Biden is expanding his transition team with senior campaign aides, vice presidential contenders and a former primary rival, two months before he faces President Donald Trump in the general election. Biden added four co-chairs to help former Delaware Senator Ted Kaufman oversee the effort. They include Anita Dunn, a senior adviser to the campaign; Representative ...