April, 2023

• 4 April

  OECD: Tourism must adapt to post-Covid environment in Asia

  

  PARIS / WAM Growth in Emerging Asia is proving resilient with real GDP growth in 2023 projected to 5.3 % on average in Emerging Asian economies (Asean-10, China and India), and by 4.6 % on average in Asean economies alone. The export sector helped boost economic growth and maintain the momentum of the region’s economies, though it has weakened recently. ...

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• 4 April

  India needs to double share of clean power to meet climate goals

  

  BLOOMBERG The share of clean sources in India’s power generation capacity should surge to 90% by 2047 — more than double from now — for the nation to meet its climate goals, federal Power Secretary Alok Kumar said. The country will need to reduce the share of coal, which currently accounts for about half of its installed capacity and almost ...

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• 3 April

  European gas climbs as French strikes raise supply concerns

  

  BLOOMBERG European natural gas prices rose as strikes in France that are prolonging outages at the nation’s energy infrastructure increased worries about supply. Nuclear reactor availability in the country has dropped to 57%, driving up local power prices. The strikes have also hit oil refineries and liquefied natural gas import terminals. A short cold spell is passing through Europe, adding ...

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• 3 April

  PetroChina profit jumps on surging prices, output

  

  BLOOMBERG PetroChina posted a record annual profit following a global spike in energy prices and rising output of oil and gas. China’s largest oil producer reported net income of 149 billion yuan ($21.6 billion) for 2022, according to international financial reporting standards, up from 92 billion yuan a year earlier, the company said in a stock exchange filing. Parent company ...

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• 3 April

  Australia seeks to win climate pact approval

  

  CANBERRA / WAM Australia’s government expects to win approval for a flagship climate policy to rein in the country’s worst polluters after agreeing to rules that could curb development of new fossil fuel projects, Bloomberg reported. The country’s revised safeguard mechanism, which would compel around 215 of the nation’s most emitting industrial sites to cut greenhouse gas emissions by about ...

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• 3 April

  Eskom pushes for lender consent on transmission spin off

  

  BLOOMBERG Eskom Holdings SOC Ltd said it will request that one of the key remaining conditions to separate its transmission unit is concluded within the next month, a step that would mark progress towards transforming the business and opening the grid up to private producers. Spinning off the business to become the National Transmission Co South Africa still requires licenses ...

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• 3 April

  UK pushes for ‘step change’ in green financing to reach net zero

  

  BLOOMBERG The UK published a revised version of its green finance strategy, laying out plans to track investment flows and boost transition finance as it seeks to become the world’s first net-zero aligned financial center. In the long-awaited update to a 2019 strategy, the UK said it will publish a series of net-zero roadmaps this year that outline funding needs ...

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• 3 April

  Nato chief urges allies to pledge yearly $543 million to Ukraine

  

  BLOOMBERG Nato Secretary General Jens Stoltenberg is pressing allies to pitch in a total of €500 million ($543 million) a year to help Ukraine with non-lethal aid and other long-term support, according to people familiar with the matter. The head of the military alliance wants allies to boost contributions to a fund for Nato’s comprehensive assistance package for Ukraine, which ...

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• 3 April

  India court suspends two-year sentence for Rahul Gandhi

  

  BLOOMBERG An Indian court suspended a two-year sentence for opposition leader Rahul Gandhi until it hears his appeal in a defamation case. The court fixed April 13 as the next date to start hearing arguments on Gandhi’s request to stay a conviction that led to his disqualification from parliament, said Kirti Panwala, a lawyer for the Congress party leader. Gandhi ...

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• 3 April

  Ex-PM Borissov wins Bulgaria vote

  

  BLOOMBERG Former Prime Minister Boyko Borissov won Bulgaria’s fifth election in two years, but his failure to secure a majority threatens to extend a political stalemate undermining European Union unity over Russia’s war in Ukraine. A bloc led by Borissov’s Gerb party won 26.5%, according to official results with 93.4% of districts counted on Monday. The bloc led by the ...

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