Bloomberg New York Governor Kathy Hochul announced plans to build 22 renewable energy projects, much of them solar-power facilities, as the state aspires to achieve a zero-emission grid by 2040. The projects should generate enough power to serve 620,000 New York homes for at least 20 years, spur $2.7 billion in private investments and create more than 3,000 jobs …

  Bloomberg South Africa made some progress toward adding new generation to its underpowered electricity grid, signing power purchase agreements for 150 megawatts of capacity from private projects by developer Scatec ASA that were selected a year ago. The government’s emergency power program, also known as the risk mitigation program, has experienced multiple delays as the nation heads for a …

  Bloomberg Democratic Republic of Congo could see about 10 new mines for metals key to powering the green-energy transition within four years, according to the director of the country’s mining registry. About 500 of the nation’s mining permits are in advanced development and will soon lead to new projects for lithium and cobalt — battery metals driving the electric …

  Bloomberg China’s legion of electric carmakers appear to be shaking off the worst of the nation’s lockdown-induced supply chain snarls and parts shortages, with at least four selling over 10,000 vehicles last month. The May bounce back in deliveries is an encouraging sign for the world’s biggest electric-vehicle market. The improved month-on-month shipments came despite residents of Shanghai — …

  Bloomberg The day after Wuhan went into a lockdown in January 2020, Singapore Airlines Ltd Chief Executive Officer Goh Choon Phong called a crisis meeting at Airline House, the company’s massive, factory-like headquarters at the end of Changi Airport’s runways. The question to be answered: How bad is this going to be? Within weeks, as China locked down more …

  Bloomberg Alibaba Group Holding Ltd replaced Lazada Group Chief Executive Officer Chun Li with the head of its Thailand business and one-time business assistant to Alibaba CEO Daniel Zhang as competition in Southeast Asia intensifies. James Dong, 42, is taking the reins of Lazada, Alibaba’s Southeast Asian arm, with immediate effect while Li will serve as adviser to Lazada …

  Bloomberg Plant milk is on the cusp of another boom as the industry courts a huge demographic it has ignored so far: children. Using colourful bottles of oat and pea milk packed with protein and prebiotics, the category is winning over parents. At Ripple Foods, a startup that has raised more than $200 million, its plant-based option for kids …

  Bloomberg Denim maker Levi Strauss & Co is scaling up investment in its stores and website, as well as women’s apparel, to reach a sales target of $9 billion to $10 billion by 2027. In a new set of strategic targets, Levi now sees sales growth of 6% to 8% annually, up from its prior goal of 4% to …

  Bloomberg Lady M is weighing a new funding round that could value the New-York based bakery chain at about $600 million, according to people familiar with the matter. The company, known for its signature Mille Crepes cakes, is looking to raise about $20 million to fuel its expansion in Asia, said the people, asking not to be identified discussing …

Bloomberg US index futures fall after a report that Tesla Inc Chief Executive Officer Elon Musk said the electric carmaker needs to cut staff amid a gloomy economic outlook. Investors are also awaiting key US payrolls data that they will study for clues on the pace of Federal Reserve policy tightening. Tesla shares slid 4.2% in New York premarket trading. …