Bloomberg India’s renewables installations are set to slow after the country enforced a three-week lockdown to curb the spread of coronavirus, according to BloombergNEF. Wind power installations in 2020 by independent power producers could decline almost 18% from the prior year to 1.95 gigawatts, according to BNEF, which cut its estimate for the year by 24%. Solar power installations are ...

Bloomberg The International Monetary Fund (IMF) will provide $50 billion in emergency facilities to low-income and emerging-market countries to mitigate the economic shocks of the coronavirus, including $10 billion in concessional loans. “Our member countries need us more than ever,” the IMF said on its website Wednesday. “Discussions between IMF teams and country officials are advancing quickly.” The IMF has received ...

Bloomberg They’d just bet millions on a hotel makeover, were waiting tables while pursuing their dream, or toiling in an already tough oil market. Canadians have seen their world upended in a matter of days as the coronavirus shuts down huge swaths of the economy. Now, they’re trying to figure out how to make ends meet and negotiate a maze ...

Bloomberg Media companies including AT&T Inc. and ViacomCBS Inc. are pressing the pause button on asset sales worth more than $5 billion because of the global coronavirus pandemic. AT&T’s auction of four regional sports networks, ViacomCBS’s offloading of its publishing arm and closely-held Ion Media Networks Inc.’s $3.5 billion sale process have been held up amid a downturn in financing ...

Bloomberg The shutting of European borders in a bid to contain the coronavirus pandemic is about to derail a 200 billion-zloty ($47 billion) industry. The Polish construction sector, which employs 400,000 people and accounts for 8% of gross domestic product, faces unprecedented trouble amid concerns over the Ukrainian workforce it depends on. The builders are gradually heading back to their ...

Bloomberg A Trump administration effort to blame China for spawning the coronavirus has stalled for now at the United Nations Security Council (UNSC), with other countries focused exclusively on urging joint global action to fight the pandemic. UN members Indonesia, Ghana, Singapore, Liechtenstein, Norway and Switzerland are proposing that the 193-member General Assembly adopt a text calling for “international cooperation ...

Bloomberg Dozens of people clashed on the Hubei border after the Chinese government lifted a two-month quarantine on the epicenter of the country’s coronavirus outbreak, highlighting the challenges of undoing the unprecedented measures taken to contain the disease. The conflict began on March 27 on a bridge connecting Hubei and neighbouring Jiangxi province as policemen from both sides argued over ...

Bloomberg Chancellor Angela Merkel said it’s premature to consider easing Germany’s lockdown measures as coronavirus infections can take as long as 14 days to incubate. “We’re not even close to where we can see if the measures are working,” Merkel said via audio conference from Berlin in her first public comments since entering precautionary quarantine on Sunday. The German leader ...

Bloomberg Singapore is facing a grave economic challenge posed by the coronavirus pandemic that may affect the timing of the nation’s election, said Prime Minister Lee Hsien Loong. In a meeting with reporters on March 28, Lee said the tide “had not turned” with the outbreak. As more residents come home to Singapore, more virus enters the country, he said. ...

Bloomberg A week-long paid national holiday announced by President Vladimir Putin on March 25 apparently doesn’t mean people should stop working, according to a Kremlin spokesman. “Those who have been working remotely will continue to work next week,” spokesman Dmitry Peskov said on an unscheduled conference call with reporters. “It’s not days off or holidays in the classical understanding of ...