Bloomberg The European Union proposed that the bloc cut its natural gas consumption by 15% over the next eight months in a plan that would affect all households, power producers and industry. The move reflects mounting concern that Russia will halt gas exports to the region in retaliation for sanctions following its invasion of Ukraine. A cutoff would threaten EU ...

Bloomberg Britain is moving forward with policies to ramp up its nascent green hydrogen industry that uses renewable energy as the government looks for ways to reduce dependence on imports of natural gas. The UK was expected to announce a new round of subsidies for the technology as it meets with industry leaders. Jane Toogood, an executive at Johnson Matthey ...

Bloomberg European wind generation is forecast to increase, providing some relief to soaring power prices amid a scorching heat wave sweeping across Europe. German wind generation is expected to more than double from the peak to about 18,000 megawatts, according to a Bloomberg model. That’s still well below the 48,663-megawatt high recorded in February. Higher winds are also forecast in ...

As a former military commander of the North Atlantic Treaty Organization (Nato), I do a lot of speaking in the US and internationally about the war in Ukraine. The question I get asked most frequently is terrifying and simple: “Would Vladimir Putin use a nuke?” Fortunately, I think the odds of the Russian president doing so are extremely low. But ...

Netflix Inc has shown an uncanny ability in the past to bounce back from an unexpectedly poor showing in one quarter with a better-than-projected result the next time around. And so it was on July 19: After alarming the market with its estimate in April of a drop of 2 million subscribers for the second quarter, the video streaming giant ...

  For a few decades now, China has been converging with the US economically. Depending how you measure it, its gross domestic product has either already passed that of its great global rival or is getting ever closer. Average incomes are still much lower in China, but by another key metric of living standards, life expectancy, China matched the US ...

  A short time before voting closed in the latest elimination round of the Tory leadership contest, Michael Gove, a Conservative Party heavyweight whom Boris Johnson sacked from cabinet before his own downfall, made the case for Kemi Badenoch. Speaking to the think tank Policy Exchange, he called Badenoch his “intellectual superior,” who had three things the next leader needed: ...

  Bloomberg The potential blockbuster deal of this year’s Farnborough air show still hangs in the balance, with Airbus SE growing more confident it can secure a landmark purchase of about 50 A350 wide-body jets from Air India Ltd at the event, and Boeing Co working on a deal for as many as 150 737 Max jetliners. The Indian carrier ...

  Bloomberg The UK government said new plans to curb the aviation sector’s carbon output should mean aircraft emissions never again exceed levels seen before the coronavirus pandemic. Improvements to the existing aviation system, including a targeted 2% annual gain in fuel efficiency and steps to modernise airspace to shorten routes, should mean 2019 is remembered as the peak year ...

Bloomberg United Parcel Service (UPS) Inc opened a second airport cargo-handling facility in India to capture soaring pandemic-driven demand for airfreight. The 15,000-square-foot space in Bengaluru’s international airport will connect south India’s automotive, textile, defense and aerospace manufacturing hubs to parts of Asia, Europe and America, Deepak Shrivastava, managing director of UPS’s local unit, said in an interview. UPS will ...