Bloomberg China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year. The world’s biggest energy user spent $44 billion on large, international clean energy projects, and mergers and acquisitions in 2017, up almost 38 percent from a year earlier, Cleveland-based Institute for Energy Economics and Financial Analysis said ...

Bloomberg The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott. The about-face came just five days after the Interior Department said it was considering selling oil and gas leases in more than 90 percent of ...

Bloomberg The UK economy will be paying the price for years to come if Prime Minister Theresa May fails to secure a Brexit agreement with European Union leaders. Leaving the bloc in March 2019 with no deal in place could result in a 6.5 percent hit to GDP by 2030, according to research published by Bloomberg Economics analysts Dan Hanson ...

Bloomberg Alabama edged out North Carolina as the winner in a multi-state contest for a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, a person familiar with the negotiations said. The Japanese automakers have been narrowing the list of possible locations for months. Mazda and Toyota plan to announce their final choice in the ...

Bloomberg UK manufacturers posted a seventh consecutive month of expansion in November as sectors from food producers to makers of games and sports equipment increased output. Factory output rose 0.4 percent from October, the Office for National Statistics said. Overall industrial production also increased 0.4 percent, with a drop in temperatures boosting demand for energy. Separate figures show construction output ...

Bloomberg Business Secretary Greg Clark was expected to meet with PSA Group Chief Executive Officer Carlos Tavares seeking reassurances on the automaker’s UK manufacturing, as the government published a plan to provide the industry with confidence in Britain after Brexit. Clark will raise his concerns about the future of PSA’s Ellesmere Port site in his meeting with Tavares, according to ...

Bloomberg Ford Motor Co. is expanding its driverless delivery experiment beyond pizza by partnering with Postmates to test what it will take to eventually remove the driver from on-demand distribution. The carmaker and the startup, which connects consumers with drivers to deliver their groceries, take-out and other purchases, will team up this year on a pilot programme that explores how ...

Bloomberg Congressional Republicans got the green light from President Donald Trump to negotiate an immigration deal with Democrats, potentially clearing a stalemate that’s stalled action on multiple issues, including funding to keep the government from shutting down next week. During an unusual public meeting with bipartisan members of Congress at the White House, Trump offered a broad outline for an ...

JERUSALEM / Reuters Israel will approve construction of hundreds of new settlement homes in the occupied West Bank, Israeli Defence Minister Avigdor Lieberman said. Settlements are one of the most heated issues in efforts to restart Israeli-Palestinian peace talks, frozen since 2014. Palestinians want the West Bank for a future state, along with East Jerusalem and the Gaza Strip. Most ...

TUNIS / Reuters A Jewish school on a Tunisian island was attacked as police battled violent unrest elsewhere in the country, arresting more than 200 people, witnesses and the interior ministry said. Petrol bombs thrown at the school on the tourist resort island of Djerba, home to an ancient Jewish community, caused some damage but no injuries, the head of ...