Bloomberg Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs Group Inc. Renewables including biofuels will account for about a quarter of all energy spending next year, up from about 15% in 2014, Goldman analysts including ...

Despite trillions of dollars of stimulus sloshing around and credit being funneled into the global economy, the coronavirus is forcing countless businesses into bankruptcy. The weak are getting weaker, and the big are thrown lifelines. That divide will only grow wider. The case of Japan, where insolvencies are rising sharply, shows that no matter how much cash you have, size ...

During the euro-zone crisis at the beginning of the last decade, many European citizens felt they were paying an unfair price for Greece’s problems. As the first wave of the coronavirus pandemic fades in Europe, it’s the turn of the Greek people to feel aggrieved. The country has had one of the best Covid-19 records in the European Union, thanks ...

And it begins. Apple Inc now officially faces a double threat on the regulatory front. The European Union announced it has opened two formal antitrust investigations into the tech giant to see if the company has broken competition laws with its App Store and Apple Pay services. Specifically, the regulators plan to investigate Apple’s rules surrounding its in-app purchase system, ...

As Covid-19 cases and hospitalisations continue to rise in the US and other parts of the world, Oxford University scientists provided a much-needed piece of good news: A large, randomised trial in the UK that compared dexamethasone — a generic steroid — to standard treatment found that the drug cut the risk of death in severely ill patients. The result ...

Bloomberg South African Airways’ (SAA) administrators proposed the government put up at least $1.5 billion to rescue the carrier after years of losses and the grounding of commercial passenger flights to contain the spread of coronavirus. The state-owned airline was placed in a local form of bankruptcy protection in December, and the rescue team led by Siviwe Dongwana and Les ...

Bloomberg Norwegian Air Shuttle ASA jumped after an easing of travel restrictions allowed it to reopen dozens of European routes. Norwegian rose as much as 18% in early trading, the most in three weeks, after saying it would restart 76 routes from July 1. The low-cost carrier’s plans, which follow moves from other airlines to boost capacity for the summer ...

Bloomberg Asia’s biggest budget airline AirAsia Group Bhd is mulling flying thorny, pungent durians around the region as part of a plan to use its trucks and planes to send food straight from farms to restaurants. The Malaysia-based airline’s agriculture e-commerce platform Ourfarm has a network of 7,000 trucks for pickups and deliveries in the Kuala Lumpur area, and is ...

Bloomberg European airlines are offering some attractive discounts to people itching for an escape from months of coronavirus lockdown. But fares could rise quickly as demand picks up. Following months of idled flights, carriers are touting promotional summer prices as they return to the skies, with Ryanair Holdings Plc advertising return trips from London Stansted to Seville, Spain, in mid-July ...

Bloomberg Ikea is in talks about returning aid granted by nine countries to subsidise furloughs triggered by the coronavirus pandemic because its business is recovering faster than expected, the Financial Times reported. The global furniture retailer is negotiating with Belgium, Croatia, the Czech Republic, Ireland, Portugal, Romania, Serbia, Spain and the US, retail operations manager Tolga Oncu at Ingka Group, ...