Bloomberg Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass China, Canberra said in a report. China produces more than 80% of the world’s lithium hydroxide, a processed form of the in-demand metal, according to the International Energy Agency (IEA). However, several companies are ...

  Bloomberg Russian gas supplies to Italy via Austria resumed, bringing some temporary relief to gas prices in Europe. Gazprom PJSC said it has found a solution with Italian buyers to overcome the regulatory changes in Austria at the end of September that were preventing transit flows, according to a company statement on Telegram. Benchmark gas futures fell as much ...

  Bloomberg Companies in industries with the biggest carbon footprints aren’t reporting how their emissions feed into financial risk, according to an analysis of corporate reports by the Carbon Tracker Initiative. The non-profit, which looked at 134 financial statements from last year in sectors spanning fossil fuels, mining, manufacturing, automotive and technology, found that almost all failed to consider the ...

  Bloomberg France plans to recoup part of windfall profits made by electricity producers to bolster aid to companies and local governments struggling to pay rising bills. The government will take any surplus made by power generators when they sell above 180 euros ($179) per megawatt-hour, as recently agreed at a European Union level, Finance Minister Bruno Le Maire said. ...

  Bloomberg BP Plc plans to triple its number of offshore wind-farm workers as it expands the business to reach its green goals. Scaling up wind power is key to the UK oil giant’s plans to produce more renewable energy in the coming years to hit net-zero emissions by the middle of the century. BP aims to next year reach ...

Officially, leftist former President Luiz Inácio Lula da Silva won the first round of Brazil’s tense presidential race on Sunday, with 48% of votes. In fact, current leader Jair Bolsonaro was the one who emerged victorious, beating the predictions of pollsters and boosted by the success of several key congressional and gubernatorial allies, who demonstrated the resilient support for his ...

  Say it quietly: Inflation isn’t all bad for supermarkets. Amid predictions of the cost-of-living crisis devastating the consumer industries, Britain’s biggest retailer, Tesco Plc, reported better-than-expected first-half sales, as higher prices and Brits enjoying themselves during the summer heatwave boosted revenue. Tesco said UK like-for-like sales rose 0.7% in the six months to Aug. 27, compared with expectations of ...

  The one-two punch of rising US interest rates and a strengthening dollar is making investors crave spicy yields. Markets were in turmoil last week when 10-year UK gilts struggled to find takers even at 4.5% — and only calmed down when the Bank of England stepped in as a buyer. However, it isn’t just British fare that’s getting passed ...

  The political outlook heading into the final month of the campaign is muddled, to say the least. Inflation is near record highs, which is bad news for incumbent Democrats. On the other hand, abortion rights are under siege across the country, which is an issue that works in Democrats’ favor. Meanwhile, a former president who is the subject of ...

Bloomberg Marks & Spencer Group Plc is starting to offer a digital credit account allowing customers to spend as much as £500 interest-free as shoppers battling the higher cost of living seek to postpone their payments. Sparks Pay is available to customers who have signed up to the M&S Sparks loyalty program and allows shoppers one-click purchases on the M&S ...