Bloomberg About 18,000 megawatts of coal and nuclear plants — enough to power 13.5 million homes — are slated to permanently shut across the eastern US grid. And the region still has enough electricity to keep the lights on, according to the chief executive officer of the grid operator. In fact, “we could sustain essentially in the 30,000 megawatt range,” ...

Bloomberg Nordea Bank Abp sank as much as 6.5 percent on Monday ahead of report due to be broadcast this afternoon that will focus on the biggest Nordic lender’s alleged involvement in money laundering. The news appeared to drag down a number of other Nordic bank shares with DNB ASA, Norway’s largest lender, falling as much as 4.6 percent. SEB ...

Bloomberg BNP Paribas SA won dismissal of a German lawsuit by a trader seeking 163 million euros ($186 million) for a “fat-finger” mistake in a 2015 transaction. The Frankfurt Regional Court on February 26 ruled it can’t look into merits of the case, which involved an error on the bank’s system that displayed derivatives priced at 108.80 euros each instead ...

Bloomberg Dalton Investments stepped up its pressure on Shinsei Bank Ltd., continuing a years-long effort to bring change at the Japanese lender. The US investment firm is proposing that its co-founder, Jamie Rosenwald, be put on Shinsei’s board, according to a copy of a letter to Shinsei provided by Dalton to Bloomberg. Dalton also renewed its call for the bank ...

Bloomberg Scratch below the surface of the euro area’s dismal economic numbers and there’s a glimmer of hope that things could improve. While inflation remains in hibernation and factories are seeing orders drop, companies are continuing to hire and consumers are spending more from their rising wages. That’s why European Central Bank officials are showing reluctance to race into action ...

Bloomberg German economic growth is likely to remain subdued at least through the first half of the year as deteriorating business expectations threaten to hamper company investment — yet there’s no reason for concern, according to the Bundesbank. “There are no signs that the slowdown is morphing into a downturn,” the country’s central bank said in its monthly report. Some ...

Bloomberg The Pentagon will request 78 F-35 jets built by Lockheed Martin Corp, six fewer than previously planned, in the budget expected to be sent to Congress next week, according to defense officials. The cutback from the 84 fighters projected a year ago for fiscal 2020 is a setback for Lockheed, the No. 1 defense contractor, even as interest in ...

Bloomberg South African Airways has laid fraud charges against a former pilot after finding out that he operated international flights with the wrong type of license. SAA is seeking to reclaim “millions of rand” paid to the aviator on the assumption that he held an Airline Transport Pilot License, it said in a statement. Following an incident involving a flight ...

DUBAI / Emirates Business Airline passengers are using automated technology for passport checks at double the rate recorded in 2017 and are more satisfied when doing so too. This is according to the SITA 2019 Passenger IT Insights, co-sponsored by Air Transport World, which shows that in 2018, 44% of passengers sailed through automated passport control, a jump from 21% ...

Bloomberg Nothing like a fresh pedicure to show off a new pair of sandals. At least, that’s what DSW Inc. is banking on as it tries to accelerate shoe sales by adding nail services inside more of its stores. The retailer said it’s adding nail salons to five shoe stores this year in Washington, Austin, Texas; and Dublin, Ohio. DSW ...