Bloomberg The highest increase in consumer debt in over 18 years appears to have helped the UK’s retail sector, as Britons borrow to buy products ranging from high-ticket electronic items to basics such as milk. A borrowing binge has taken off in the UK with credit card activity rising at its fastest pace since March 2004, an increasing number ...

  Bloomberg Apple won its biggest quarterly market share in China, outrunning Covid disruptions and a global economic slowdown. The Cupertino, California company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data. It topped all manufacturers in the quarter, becoming the second-biggest seller in the country on an annualised ...

  Bloomberg MGO Global Inc., the manager of a clothing and lifestyle brand for football star Lionel Messi, is encountering another high-volume wave of price swings in the first day since its volatile debut. Retail traders have been actively discussing MGO Global in online forums. The stock is among the 15 most-traded assets on Fidelity’s platform in New York and ...

Bloomberg Last year was a double milestone for decarbonising the world’s energy system. It was the first year when investment in the energy transition equalled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments of oil and gas, and into fossil fuel-fired ...

Bloomberg A landmark $20 billion deal to help fund Indonesia’s transition away from coal isn’t enough to put the country on track to meet global climate goals, according to energy think tank Ember. The Just Energy Transition Partnership (JETP) brokered last year between Indonesia, the US and Japan caps the archipelago’s power sector emissions at 290 million tons by 2030 ...

  Bloomberg US natural gas futures extended declines below $3 amid mild winter weather that’s helped spark the worst selloff among country’s commodities. Gas for February delivery traded as low as $2.857 per million British thermal units on the New York Mercantile Exchange. Prices are at lowest levels since May 2021 after dipping below $3. Doomsday fears that suppliers wouldn’t ...

Bloomberg National Grid Plc again requested that coal-fired power units prepare for service to bolster the network’s spare capacity, then called off the notice as it has done previously. The grid asked three coal stations to warm in the early hours, before cancelling the request for Electricite de France SA’s unit at West Burton shortly after 5 am local time ...

  Bloomberg South Africa’s Richards Bay Coal Terminal, the continent’s biggest export facility for the fuel, increased shipments to Europe last year to meet increasing demand even as the project struggled with infrastructure disruptions. Security issues, a wage strike and equipment shortages for state-owned rail operator Transnet SOC Ltd. cut coal deliveries from mines to the port, contributing to overall ...

Bloomberg South Africa’s worst ever power blackouts are threatening platinum and palladium supplies in the top miner, both now and in the years ahead. Outages last year curbed output of the metals, and the power crisis that’s crimping the economy has worsened in recent months. The nation’s platinum-group metals production will likely fall this year, according to Impala Platinum Holdings ...

  Bloomberg Intel Corp. gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts. The company predicted a surprise loss in the current period and a sales range that missed analysts’ estimates by billions of dollars. At the low end of Intel’s projections, ...