To look at the way richer countries are spending money on the energy transition, you might think we’re within reach of bringing climate change under control. Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate. Since 2020, that’s risen to 12% ...

  “Turtles all the way down” is a handy phrase for describing how the human mind creatively fills in holes of logic. It allegedly springs from one person’s attempt to justify to the philosopher Bertrand Russell her belief that the world was floating on a giant turtle by imagining another turtle underneath it, and then another, to infinity. The image ...

  Federal Reserve Chair Jerome Powell believes that monetary policy is carried out through financial conditions, and for the time being he seems to like where they stand. As he told lawmakers, “the market has been reading our reaction function reasonably well.” That markets and the Fed are on the same page is good news for near-term volatility, but Powell’s ...

  Bloomberg South African airline FlySafair plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of domestic rival Comair Ltd. The closely held carrier will fly to capital cities such as Nairobi, Lusaka and Maputo alongside holiday destinations including Victoria Falls, Zanzibar and Seychelles, according ...

  Bloomberg Amazon.com Inc tapped Doug Herrington to run the company’s sprawling retail and logistics operation, giving him the new title chief executive officer of Worldwide Stores and signalling the importance of a continued push into groceries under company CEO Andy Jassy. Herrington, 55, joined Amazon in 2005 and launched the Amazon Fresh grocery delivery service in 2007. He replaces ...

  WEST VIRGINIA / WAM A helicopter used for tourism flights crashed onto a highway in West Virginia state, killing six people on board, Reuters cited local media as saying. The helicopter, which was based at an airport in the state’s Logan County, crashed on State Route 17 and was on fire when rescue crews arrived, the WSAZ-TV reported, citing ...

Bloomberg British sporting goods billionaire Mike Ashley’s Frasers Group Plc raised its stake in fashion retailer Hugo Boss AG, ramping up its exposure to the German retailer as it works on a rejuvenation effort. Frasers valued the new holding at about 900 million euros ($944 million) in a statement, two years after first investing about 108 million euros in the ...

  Bloomberg Traders piled into shares of Revlon Inc, driving its gains from a record low to 650% as individual investors looked to strike a quick profit, while ignoring the fundamentals of the troubled cosmetics giant. The stock surged 34%, bringing gains from an all-time low to more than 650% as trading volume continued to soar past recent trends. More ...

  Bloomberg London’s Heathrow airport lifted its full-year passenger forecast, citing updated information on schedules and bookings and the limited impact of capacity caps imposed to boost resilience as travel rebounds. The UK hub now expects to attract 54.4 million passenger in 2022, versus a forecast for 52.8 million travellers issued on April 26, it said in a statement. The ...

  Bloomberg Rescue and relief teams are struggling to reach survivors of a deadly earthquake that hit Afghanistan’s remote southeast, killing at least 1,000 people and injuring hundreds more even as the country battles multiple humanitarian crises. The eastern Paktika province, home to some of the country’s most impoverished farmers and cattle herders, was the worst hit, several officials from ...