Bloomberg Germany produced a record amount of electricity from solar and is set to exceed that again on Tuesday as a heat wave grips Europe. About 38,174 megawatts were generated from solar panels and high levels are expected through Wednesday. A fresh record is possible on Tuesday, with a maximum 38,287 megawatts forecast. A brutal heat wave is moving into ...

  Bloomberg European energy and utilities companies are racking up more debt to cover cost of soaring oil and gas prices. Their overall debt, which has been climbing since the pandemic, has swelled this year to more than 1.7 trillion euros ($1.7 trillion) — more than a 50% jump from before 2020. Most recently, Germany’s Uniper looks set to need ...

It’s a falling chain of energy dominoes — one in which each tile is worth many billions of euros. A failed utility here, a nation’s supply there. When the dust settles, the total bill for rescuing the European energy market this winter will easily top $200 billion. This may sound flippant, and it’s admittedly a rough estimate. But the calculus ...

After years of sitting on an over 20% stake in China’s BYD Co, Warren Buffett’s Berkshire Hathaway may be mulling an exit. A similarly-sized position showed up in Hong Kong’s clearing system, fuelling worries that the Sage of Omaha was over the hot Chinese electric vehicle and battery maker. It sure seemed like odd timing: BYD has risen to the ...

  The world has moved on. Many have packed up and left. Those still living in Hong Kong seem to fall easily into a mental coma induced by years of Covid-19 restrictions. With its border to mainland China — and everywhere else — still partly shut, this island city can feel suffocating. But pessimism is not in our nature. Now ...

  Democratic discontent with President Joe Biden is boiling over into the press. His polling is abysmal, his age is showing and the Democrats are facing a potential wipeout in the midterm elections in November. Democrats are taking their complaints, mostly off the record, to reporters. Democratic commentator Ed Kilgore forecasts that “if things go as badly as expected for ...

  Bloomberg Delta Air Lines Inc is poised to kick off the Farnborough International Airshow with orders for Boeing Co and Airbus SE jets as sales teams for the rival planemakers race to wrap up deals worth at least $21 billion ahead of the industry’s largest trade expo. The event outside of London marks the first large-scale gathering of industry ...

Bloomberg Qantas Airways Ltd, which has faced severe criticism from passengers over disruptions, is anticipating further challenges in the coming weeks as it navigates staff sickness and a tight labour market. Passengers angered by delays and cancellations have lashed out at the airline and Chief Executive Officer Alan Joyce, particularly over a decision to shed thousands of jobs. The carrier ...

  Bloomberg SpiceJet Ltd staged one of global aviation’s most remarkable turnarounds in 2015 after founder Ajay Singh swept in at the eleventh hour to rescue it. Less than a decade later, the Indian budget airline needs a revival of fortunes again. Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative ...

  Bloomberg Snarls along the aviation supply chain may make it a challenge for Embraer SA to meet its year-end commercial delivery targets, the Brazilian aerospace manufacturer said. “We are suffering with these supply chain constraints. We had a difficult first half,” Chief Executive Officer Francisco Gomes Neto said in an interview with Bloomberg. “We’re doing everything we can to ...