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A powerful mix of solar and batteries is beating natural gas

Bloomberg Natural gas is getting edged out of power markets across the US by two energy sources that, together, are proving to be an unbeatable mix: solar and batteries. In just the latest example, First Solar Inc. won a power contract to supply Arizona’s biggest utility when electricity demand on its system typically peaks, between 3 p.m. and 8 p.m. ...

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Kim Jong-un impressed with S Korea’s treatment of sister

Bloomberg Kim Jong Un expressed satisfaction with South Korea’s treatment of his sister during a visit to mark the opening of the Winter Olympics, and called for more efforts to improve ties between the countries. A high-level delegation including the North Korean leader’s sister, Kim Yo Jong, spent three days in South Korea before returning on Sunday to Pyongyang. South ...

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China charges former political star Sun Zhengcai with bribery

Bloomberg China’s once-powerful politician Sun Zhengcai is to stand trial for bribery, state media announced, moving a step closer to the conclusion of a case that has brought down one of the country’s political elite. The case involving Sun will be heard in Tianjin, about 100 kilometers (62 miles) from Beijing, according to the Xinhua News Agency. The 54-year-old Sun, ...

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Zuma defying ANC’s call to quit leaves S Africa in limbo

Bloomberg South Africans awoke to find their nation in limbo after President Jacob Zuma’s refusal to obey his ruling African National Congress’s request to resign voluntarily prompted its top leadership to order his removal from office. The ANC’s National Executive Committee decided to “recall” Zuma, 75, during a 13-hour meeting that ended early Tuesday, according to five people familiar with ...

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Ukraine set to deport ex-Georgian president Saakashvili to Poland

Bloomberg Mikheil Saakashvili, the former Georgian leader-turned Ukrainian opposition politician, lost his appeal in a Ukrainian court seeking protection and refugee status after his homeland sought extradition. Officials of Ukraine’s migration and border-security services told Saakashvili on Monday he was to be returned to Poland, where he stayed before his most recent arrival, Oleh Slobodyan, a spokesman for the border ...

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White House: Trump supports abuse victims in defense of aide

Bloomberg The White House said on Monday that Donald Trump supports domestic violence victims, after the president was criticized for sympathetic public statements about a former aide who resigned last week following allegations that he abused two ex-wives. “The president and the entire administration take domestic violence very seriously and believe all should be investigated thoroughly,” Press Secretary Sarah Huckabee ...

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Lotte’s China exit to stall

Bloomberg Lotte Group’s efforts to sell its China stores have stalled as buyers aren’t sure they will be able to run the outlets normally after government allegations of fire safety infractions, a company executive said. South Korea’s largest department store operator, Lotte Shopping Co., has taken a sales hit in China over the past year after the group provided land ...

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HNA sells Hong Kong land for $2 billion

Bloomberg HNA Group Co. agreed to sell two plots of land in Hong Kong to the city’s second-richest man for HK$16 billion ($2 billion) as the cash-strapped Chinese conglomerate accelerates asset disposals to repay its mounting debt. The sites, purchased just over a year ago, were sold to billionaire Lee Shau Kee’s Henderson Land Development Co., according to a statement ...

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