Bloomberg Britain’s energy regulator is under pressure to ensure it helps network operators like National Grid Plc finance the transition to a low carbon economy without passing the costs on to consumers. Investment in the green transition is key to the country hitting its climate targets but it won’t come cheap. Ofgem will unveil on Thursday its draft price control ...

Bloomberg At least 20% of shut-in Canadian production is being restored, just months after the price crash forced producers in Alberta’s oil sands to slash up to 1 million barrels a day of output. Cenovus Energy Inc, Husky Energy Inc and Baytex Energy Corp are among companies that have resumed shut-in production as prices rise above $40 a barrel. Imperial ...

Facebook Inc still doesn’t get it. A widely anticipated meeting between the social media giant and the civil rights groups behind the recent Facebook ad boycott — including the Anti-Defamation League, NAACP and Color of Change — did not go well. The New York Times reported CEO Mark Zuckerberg and COO Sheryl Sandberg met for about an hour on a ...

For most people, a vaccine against the coronavirus can’t come soon enough, as it will be the only tolerable way to achieve herd immunity. So it’s encouraging that more than 100 drug candidates in 12 countries are in development, and eight are already entering clinical trials. To accelerate the process, some people are heroically volunteering to expose themselves to infection. ...

The English are obsessed with owning property but Boris Johnson’s government worries that they’ve not been buying nearly enough houses lately. As elsewhere, the UK housing market was put into suspended animation for several weeks to help contain Covid-19. Now Johnson’s finance minister, Rishi Sunak, apparently plans to put a rocket under the market by temporarily scrapping transaction taxes — ...

The politics of “law and order” have long been a repository of cultural and racial grievance. In his 1999 book, “From George Wallace to Newt Gingrich: Race in the Conservative Counterrevolution, 1963-1994,” Dan T Carter, a celebrated historian of the American South, describes a pioneering political advertisement from Wallace’s 1970 campaign for governor of Alabama: Radio spots depicted the dramatic ...

Bloomberg Chancellor Angela Merkel urged the European Union to pull together to face the historic challenges stemming from the coronavirus and changes threatening the bloc’s economic standing. In Brussels after Germany assumed the six-month rotating EU presidency this month, Merkel called for solidarity to tackle the pandemic as well as the risks posed by climate change and the transition to ...

Bloomberg President Donald Trump’s latest salvos about Confederate flags and statues and his attacks on racial-justice protesters may provide affirmation to his core supporters, but the rhetoric is increasingly out of step with the way most Americans think in 2020. In the last two days, Trump has condemned Nascar’s decision to ban the Confederate flag from its raceways and criticised ...

Bloomberg Indian and Chinese troops have begun pulling back from large tracts of land along their remote Himalayan boundary, a move aimed at defusing a nine-week standoff between the two nuclear-armed neighbours that resulted in the loss of lives on both sides. Armies are falling back at several places in Ladakh including Pangong Tso — a glacial lake at 14000 ...

Bloomberg Thousands of protesters clashed with police in Serbia’s capital after the president said he’d reinstate one of Europe’s strictest lockdown regimes to confront a spike in new cases of Covid-19 in the city. Riot police used tear gas to repel rock-throwing, mostly right-wing demonstrators who briefly broke into the parliament building in central Belgrade in the biggest outbreak of ...