Bloomberg Global emissions from energy held steady in 2019 for the first time in three years. But the restraint all came from the US and Europe as developing countries boosted use of the most polluting fossil fuels. The findings from the International Energy Agency (IEA) show energy-related carbon dioxide emissions remained at a record 33.3 billion tons. While industrial countries ...

Bloomberg Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta. The country is in talks to re-negotiate supply deals with the power companies known as IPPs. The currently take-or-pay agreements mean the government is billed even for unused ...

Asia’s largest budget carrier is in trouble, caught up in an anti-corruption investigation of Europe’s aerospace industry. Things could get worse. AirAsia Bhd. Chief Executive Officer Tony Fernandes stepped down for two months along with Chairman Kamarudin Meranun, after the airline was named in a 3.6 billion euro ($4 billion) settlement of bribery allegations against Airbus SE. Shares have fallen ...

There has been plenty of talk about how the coronavirus might affect politics in China, for example by eroding trust between the Chinese public and its leadership. In the US, however, the coronavirus is likely to have the opposite effect: Namely, to make the incumbent more popular and to increase the re-election chances of President Donald Trump. How the coronavirus ...

It may just take the likes of Paul Elliott Singer to make SoftBank Group Corp.’s Masayoshi Son adjust his approach. Singer’s Elliott Management Corp. has taken a $2.5 billion stake in the Japanese company — that’s about 3% — with a view to bend Son’s ear, the Wall Street Journal reported. Elliott confirmed to Bloomberg Opinion that it invested in ...

Coronavirus is spreading at an accelerating rate, but inappropriate quarantines and travel bans could cause more havoc than the disease itself. The World Health Organisation (WHO) has a duty to protect human health, but also an obligation to protect the world’s citizens from the human rights violations or unnecessary economic hardship that panic could cause. So far, they’re doing a ...

Almost all of Asia’s central bankers have said the economic risks from the Wuhan coronavirus are significant. Then why aren’t they all taking action? In a slew of interest-rate meetings, policymakers have been all over the map. Thailand surprised most economists by reducing rates, while the Philippines cut and India held, as anticipated. The Reserve Bank of Australia acknowledged the ...

I can’t remember the last time I bought a pen. Why would I? The globe is covered with a great sloshing tide of writing implements that ebb and flow between restaurants and hotel lobbies, briefcases and bodegas. Pens trickle out of my purse into the world, and from the world back into my purse. The exception to this “Tide of ...

Not too long ago, tech enthusiasts were telling us that by 2020, we’d see self-driving cars hit the mainstream, with some 10 million on the roads. That turned out to be a wild overestimation. The actual number of vehicles in testing is thousands of times smaller, and they’re still driving mostly in controlled conditions. Companies have also scaled back their ...

Bloomberg US equity futures climbed alongside stocks in Europe and Asia as investors pushed benchmarks to record highs before commentary from Federal Reserve chairman Jerome Powell. Oil rose and Treasuries slipped. Contracts on the three main American gauges pared earlier gains but remained in the green ahead of Powell’s testimony before Congress, where the Fed chair will likely give hints ...