Bloomberg India’s largest electricity producer is stepping up a campaign of coal imports as the nation seeks to avoid a new power crunch. State-run NTPC Ltd. has sought about 10 million tons of overseas coal since it issued its first international tender in two years in October, according to documents posted on its website. The reversal after years of ...

  Bloomberg Italy’s government is readying as much as 4 billion euros ($4.5 billion) to offer immediate help to consumers hit by energy prices, while it works on a wide range of longer term measures, people familiar with the matter said. The aid won’t require parliament to authorize fresh debt, and can rely instead on other revenue streams such as ...

  Bloomberg Japan’s liquefied natural gas (LNG) inventories slumped to a seven-month low as colder weather increased demand and Europe hoarded shipments of the super-chilled fuel. LNG shipments — particularly those exported from US projects — are rerouting from Asia to Europe to take advantage of more attractive prices. That’s leaving less supply for Asian importers, and the cargoes that are ...

  Bloomberg The UK government will probably wait until March to announce measures to help consumers facing record bills amid the nation’s worst energy crisis in decades. Chancellor Rishi Sunak is due to give an outlook for the economy and public finances in his Spring Statement on March 23. It would be “unusual” for any aid to be announced by ...

  What should be an ordinary commercial dispute between Amazon.com Inc and the founders of a near-bankrupt retailer is shining a harsh light on the quality of legal and regulatory protection investors actually receive in India. The long drawn-out saga has thrown up two questions for prospective investors, or those who already have business interests in India. First, what does ...

Some things just don’t last long. On January 19, consumer goods giant Unilever Plc walked away from a deal that came to light just over the weekend. It declined to increase its 50 billion-pound ($68.2 billion) proposal to buy GlaxoSmithKline’s Plc’s consumer health arm. Citing financial discipline is an elegant way for Chief Executive Officer Alan Jope to extract himself ...

  Back in March, an investment fund called Archegos Capital Management collapsed after building up vast derivatives bets on several stocks, precipitating billions of dollars in losses for its lenders. The incident raised a troubling question about the country’s financial early-warning system: How could regulators have remained unaware of such a large concentration of risk until it was too late? ...

The walls are closing in on Boris Johnson. The UK prime minister’s defiant posture in the House of Commons rallied loyalists but failed to placate new and old enemies within his party, who are calling on him to quit over lockdown-defying gatherings held at 10 Downing Street during the pandemic. Conservative members of Parliament can trigger a leadership contest with ...

  Bloomberg UK retail sales plummeted in December as the spread of the Omicron variant kept shoppers at home. The volume of goods sold in stores and online fell 3.7% from November, the biggest drop since January 2021’s lockdown, the Office for National Statistics said Friday. Economists had expected a decrease of 0.6%. Sales excluding auto fuel declined 3.6%. The ...

  Bloomberg An estimated 62% of the US aviation fleet is approved to perform low-visibility landings at most airports without fear of interference from 5G mobile phone service, according to aviation regulators. New safety buffers agreed to on Tuesday by wireless companies also allowed an expansion to the number of airports where flights can safely operate, the Federal Aviation Administration ...