Bloomberg CenterPoint Energy Inc, a power and natural gas supplier that’s been dragged down by an investment in a pipeline company, plans to sharpen its focus on regulated utilities and renewables while overhauling its strategy, according to its new chief executive officer. The Houston-based company was already pushing to become more of a pure-play utility and will now accelerate that ...

Bloomberg Permits for European Union carbon emissions rose above 30 euros ($34) a ton for the first time since 2006 as the bloc works to enact a sweeping overhaul to cut greenhouse-gas emissions. Carbon futures climbed despite an overall gloomy economic outlook and with pollution set to fall to the lowest level in decades this year. While actual emissions plunge ...

Bloomberg A Russian mining giant, which is already in a dispute with authorities over a fuel spill in the Arctic earlier this year, has suffered a leak in a pipeline. MMC Norilsk Nickel PJSC reported a leak at its energy unit estimated at 44.5 tons of fuel near the village of Tukhard in the Arctic, about 2,700 kilometres (1,678 miles) ...

The coronavirus that has upended the world’s economic and social life is turning out to be a mediocre election campaigner. The lesson of recent contests in Asia is that pre-existing conditions haven’t gone away and will likely be decisive, even in the bitterly fought US campaign. Singapore’s general election, among the first of the Covid-19 era, saw a big swing ...

When the strongest players pull back from a market, that looks like a bad omen for the weaker peers left behind. But in UK retail, there are silver linings for the stragglers. The iconic John Lewis Partnership Plc said it would close eight shops including two big department stores, with the loss of up to 1,300 jobs. Walgreens Boots Alliance ...

Judging by the performance of emerging markets, you’d hardly know the world was suffering from a deadly pandemic. After a horrible March, according to the Institute for International Finance, non-resident portfolio flows into emerging markets increased tenfold to $32.9 billion in June. MSCI’s EM currency index hit a one-month high last week. Even currencies as weak as the South African ...

China is building tens of thousands of 5G base stations every week. Whether it wins technological dominance or not, domestic supply chains may be revived and allow the country to maintain — and advance — its position as the factory floor of the world, even as Covid-19 forces a rethink in how globalisation is done. By the end of this ...

Bloomberg Portugal’s decision to oust the chief executive officer of TAP after a rescue of the nation’s leading airline has created an urgent vacancy to fill at a time when a broad overhaul is needed. As the government agreed to boost its holding in loss-making TAP to 72.5% on July 2, it simultaneously ended the tenure of Antonoaldo Neves after ...

Bloomberg Cathay Pacific Airways Ltd’s shareholders approved a plan to raise HK$39 billion ($5 billion) in a government-backed rescue that includes the sale of preference shares and a rights issue. All resolutions put to vote were approved, the airline said in a statement following an extraordinary general meeting in Hong Kong on Monday. When the recapitalisation plan was announced last ...

Bloomberg A long-awaited equal pay lawsuit at the UK Supreme Court could see thousands of mostly female workers obtain better wages from the largest supermarkets and end up costing the chains as much as 8 billion pounds ($10.1 billion). The Supreme Court was expected to scrutinise a discrimination case brought by more than 15,000 employees who work at Walmart’s Asda ...