Bloomberg BP Plc is trying to block development of part of a giant wind farm in waters off England’s east coast, according to Denmark’s Orsted A/S. Both companies have secured rights to the seabed about 70 kilometres (44 miles) from the Yorkshire coast. Orsted, the world’s largest developer of offshore wind, is seeking to build a project using the ...

Bloomberg UK households face a 38 billion pounds ($50 billion) hit from a surge in electricity and gas costs exacerbated by Russia’s invasion of Ukraine, the Financial Times newspaper reported. The increase for the 2022-23 year will be equivalent to a six pence rise in the basic rate of income tax, it said, citing an estimate by Aurora Energy Research ...

The great Nato enlargement debate never ends. In the 1990s, US officials and academics argued about whether pushing the North Atlantic Treaty Organization (Nato) into Eastern Europe was likely to sustain the post-Cold War peace or prematurely end it. More recently, critics have charged that Russia’s war in Ukraine is a natural response to the aggressive expansion of America’s most ...

We are now in Covid limbo. Cases are down and still falling, yet scientists aren’t willing to declare the pandemic over — or, conversely, to predict when the next wave might come. But perhaps it’s a good thing that public health officials are displaying a little less confidence. Researchers don’t really know why pandemic waves rise or fall, so it ...

  Insulin has been making life better for people with diabetes since it first saved the life of a Canadian teenager in 1922. As the ensuing century passed, however, the drug also became a poster child for the dysfunctionality of America’s drug-pricing system. More than 10 million Americans rely on insulin to control their blood sugar, and the out-of-pocket cost ...

  Environmental, social and governance investors believe they can lower the risk of a portfolio and maybe even boost its return by investing in companies with robust ESG policies. The idea is that companies that take ESG seriously are better stewards of the environment, are less likely to be in the path of climate change, take better care of workers, ...

Bloomberg Global airlines are going to great lengths to avoid Russian airspace but few to the extent of Finnair Oyj, the flag carrier of Finland. It’s flying thousands of miles around its northern neighbour, retracing routes abandoned decades ago at the end of the Cold War. The economic burden of those end-runs is measured in additional jet fuel burn, extended ...

  Bloomberg Serbia’s flag carrier will scale back flights to Moscow after criticism that it’s profiting from the service at a time when most other airlines stopped flying to Russia to comply with sanctions imposed over the war in Ukraine, President Aleksandar Vucic said. Air Serbia recently increased its Moscow flights to as many as three a day from one ...

Bloomberg Fast Retailing Co’s Uniqlo apparel chain said it will temporarily suspend operations in Russia, joining a growing list of global companies in curtailing their activities in the country after its invasion of neighbouring Ukraine. The move is a reversal after Fast Retailing founder Tadashi Yanai said clothing is a “necessity of life” and that Russians have “the same right ...

  Bloomberg John Lewis Partnership Plc said it will once again pay employee bonuses as the UK retailer’s turnaround efforts start to show small signs of progress. The department store group, which also owns the Waitrose supermarket chain, said that a return to profit on an underlying basis means it will reinstate the payout, which was suspended last year for ...