Bloomberg Activist climate investors warned Samsung C&T over its potential involvement in a new coal power plant in Southeast Asia amid mounting global pressure to halt use of the dirtiest fossil fuel. Investment arms of Legal & General Group Plc, the UK’s biggest manager of corporate pension schemes, Norway’s KLP Kapitalforvaltning AS and Helsinki-based Nordea Bank Abp, have urged the ...

Bloomberg Waltersmith Petroman Oil Ltd, a Nigerian independent producer, will open a 5,000-barrel a day capacity modular refinery in Africa’s top crude producer that imports all of its refined-product needs. The company, Nigeria’s first producer from marginal fields, plans to increase output to 30,000 barrels a day in two years, Chief Executive Officer Chikezie Nwosu said at a webinar. Nigeria ...

America’s elections provide a narrow window of opportunity for its trading partners. Across the world, negotiators will have seen a man from Maine given a prime spot at the Republican National Convention: Lobsterman Jason Joyce spoke about how President Donald Trump had “brokered a deal to end European Union tariffs of 8% on Maine live lobsters and up to 20% ...

Before the novel coronavirus hit, the world’s bling behemoths were pulling out the stops to sell “experiences” where their jet-setting customers could indulge in opulent lodging and dining, all while posting photos of themselves on Instagram. Between 2010 and 2019 demand for experience-based luxury, including gourmet food, outstripped that for personal goods, such as watches and handbags. Then Covid-19 upended ...

Imagine a bidder wanting to buy KFC, but being told the deal might not include the Colonel’s 11 secret herbs and spices. That’s effectively what Beijing has told the list of US companies keen to purchase short-video app TikTok: The key ingredients may be out of reach. At first it looked like the Trump administration had it all figured out. ...

The swearing in of new citizens often makes news in the US, especially if it happens in unusual circumstances such as one party’s national convention. Much less reported are the many citizenship renunciations by Americans, and the travails leading up to these life decisions. Almost all those giving up their US nationality are expats. And for each renouncer going through ...

Bloomberg Adani Enterprises Ltd is seeking a controlling stake in Mumbai’s international airport as billionaire Gautam Adani continues his aggressive push into what was until recently the world’s fastest-growing aviation market. Adani Airport Holdings Ltd will acquire the debt of GVK Airport Developers Ltd, the holding company of GVK Power & Infrastructure Ltd, according to an exchange filing on Monday. ...

Bloomberg Qantas Airways Ltd is marketing an Australian dollar bond, joining a record global wave of airline debt issuance to build up cash buffers as the Covid-19 pandemic pummels air travel. The Australian airline is looking to price a 10-year note at an indicative coupon of around 5.25%, according to a person familiar with the matter who asked not to ...

Bloomberg An upscale Miami-area shopping mall is moving to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March 16 and owes about $1.9 million. Saks told its landlord, Bal Harbour Shops LLC, in August that it couldn’t make lease payments on its three-level retail store due to the effects of the Covid-19 pandemic, according to a lawsuit ...

Bloomberg Ghana is reopening its main airport to international flight passengers from September 1 after putting in place new measures to help curb the spread of the coronavirus. Any passenger arriving in Ghana will have to present a negative Covid-19 result, taken no more than 72 hours before departure from the country of origin, President Nana Akufo-Addo said in a ...