Bloomberg It’s starting to look like India’s sovereign bond market is on the brink of a prolonged rout. Traders have shied away from the long-end of the curve since July on concern the government will expand record bond sales. Sentiment towards the short-end, which closely tracks policy rates, turned negative after the central bank surprised by holding off on easing. ...

Bloomberg Eskom Holdings SOC Ltd expanded a schedule of rolling blackouts across South Africa after more of the state-owned utility’s generating units failed, spotlighting the fragility of the power supply system. The struggling state-owned company is cutting 4,000 megawatts from the grid, spokeswoman Dikatso Mothae said by phone. So-called stage-4 loadshedding, the highest degree that has been implemented thus far ...

Bloomberg Minority investors in Poland’s state-run companies fled on concerns that a surprise $753 million bid by the country’s top oil refiner to buy a power producer may herald more government efforts to build “cross-industry” national champions. The risk is that some of the biggest companies listed in Warsaw — the worst-performing primary equity index in the world — are ...

Bloomberg Rolls-Royce Holdings Plc is pitching nuclear reactors as the most effective way of powering the production of carbon-neutral synthetic aviation fuel without draining electricity grids. Drawing on technology developed for nuclear-powered submarines, the small modular reactors or SMRs could be located at individual plants.

As Iran guns down protesters at home, it’s also waging a global campaign of suppression against dissidents in the United States and other countries. Iran’s attacks on critics abroad have been brazen. In recent months, anti-regime activists have been kidnapped, murdered and harassed, according to news reports and interviews with activists. The FBI and security agencies in Europe are monitoring ...

This time a year ago, the federal funds target rate was 2.25% and Federal Reserve Chairman Jerome Powell was intent on raising it to 3% while continuing to shrink the size of the central bank’s balance sheet. The massive disruption in the credit markets that followed not only thwarted his aims and catalszed the “Powell Pivot,” but continues to dictate ...

Climate specialists have warned for years about a “carbon bubble” in which markets ignore or massively undervalue the risks to companies from climate change. Two new studies suggest, however, that financial markets have started seriously pricing carbon risk, especially since the Paris Agreement of 2015. Whatever its other effects, that agreement may thus go down in history as the beginning ...

The Reserve Bank of India (RBI) is ending the year as it began: with a shock. Policymakers held their benchmark interest rate at 5.15% on December 5. Not a single economist among the 43 surveyed by Bloomberg News predicted this outcome. Central banks generally hate giving surprises. It makes people wonder what officials know that they don’t, and tends to sap ...

Next week, the European Union’s leaders will commit to cutting net greenhouse gas emissions to zero by 2050. This historic pledge will require the continent to radically overhaul its entire economy, including a revolution in the production of steel, cement and chemicals — whose carbon emissions are particularly difficult to abate. None of this will happen, however, unless European companies ...

Your mother probably told you never to get in a car with a stranger. The multibillion-dollar global ride-hailing industry depends on your ignoring her. If they want to earn that trust, though, companies need to rethink the tradeoff they’ve long made between safety and cost. Around the world, passengers are now hailing more than 10.5 billion rides a year. Not ...