Bloomberg German Chancellor Angela Merkel’s government may try to tame growing opposition to onshore wind developments by offering cash sweeteners to local councils and consumers. A plan drawn up by officials in Berlin suggest municipalities could earn as much as 20,000 euros ($21,600) a year for each newly-erected wind turbine in their districts from 2021, according to a copy of …

Bloomberg Ryanair Holdings Plc boosted its liquidity with a 600 million-pound ($726 million) loan backed by the UK government and said the coronavirus crisis will reduce passenger numbers by half over the next year. Europe’s biggest low-cost carrier is tapping Britain’s Covid Corporate Financing Facility (CCFF) as it digs in for a slow recovery that’s set to see a price …

Bloomberg Flag carrier Thai Airways International Pcl is a step closer to restructuring via a bankruptcy court after a key government panel backed the plan, which is due for consideration by the Cabinet on Tuesday. A committee that oversees policies for state-run enterprises agreed that the airline should seek such a rehabilitation, government spokeswoman Narumon Pinyosinwat told reporters in Bangkok …

Bloomberg Pravin Gordhan, South Africa’s minister for public enterprises, is staking his own credibility and that of President Cyril Ramaphosa’s government on the creation of a new airline out of the ashes of the bankrupt national carrier. Hit by the loss of the country’s last investment-grade rating on its sovereign debt and the Covid-19 pandemic, Ramaphosa has said hard choices …

Bloomberg Italy’s shoppers may be digging out their wallets as retail businesses reopen on Monday, but many of the country’s 2.7 million merchants say there’s little to celebrate. “My creditors will be all over me as soon as I raise my portcullis,” said Giulio Anticoli, referring to the heavy medieval grates still used to protect some storefronts in Rome. “There’s …

Bloomberg The administrators of Virgin Australia Holdings Ltd have shortlisted a small number of bidders for the airline after receiving more interest than they anticipated. Deloitte spent the weekend reviewing indicative offers for the carrier from interested investors and has narrowed the field to a small number of well-funded parties with strong aviation credentials, according to a statement on Monday. …

Bloomberg Stocks climbed in Europe alongside US equity futures on Monday as investors found reason for encouragement in signs businesses are reopening across major economies and after shares sank last week. Crude oil advanced. The Stoxx Europe 600 Index rose on gains in mining and travel shares, including airlines IAG SA and Ryanair Holdings Plc. S&P 500 contracts increased after …

Bloomberg India’s rupee declined the most in two weeks, and stocks fell as investors were unimpressed by the government’s economic stimulus package. The rupee weakened as much as 0.5% in the third day of declines. The S&P BSE Sensex of stocks slid 2.8% at 2:50 pm in Mumbai, while the NSE Nifty 50 Index slipped by a similar magnitude. Both …

Bloomberg The government of Nigeria, whose revenue could be slashed by more than half this year due to the oil-price slump, finalised plans for a revised budget that keeps spending almost intact, and that will mean more borrowing. Finance Minister Zainab Ahmed got approval from the West African’s nation’s cabinet to go ahead with the new budget that cuts expenditure …

Bloomberg In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep — and happen so quickly. Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil …