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  Bloomberg Nestle SA Chief Financial Officer Francois-Xavier Roger foresees a challenging six months before inflation starts to ease in the second half of 2023. “We are likely going to go into a recession — we know that the next six months are probably going to be complicated and difficult,” the executive at the maker of Nescafé and KitKat said …

Bloomberg Britain’s wind farms generated a record amount of electricity this year as gusty weather and a growing fleet of turbines softened the impact of soaring natural gas prices. Wind power will be a critical factor in how well Europe manages an energy crisis that’s already cost more than $1 trillion. Higher wind speeds will ease the need to burn …

Bloomberg Fortescue Future Industries (FFI), one of the leading proponents of hydrogen, is exploring a more efficient way to ship the zero-emissions fuel overseas by using “green methane.” Green methane — essentially synthetic natural gas made using renewable energy — is a promising technology that would avoid the costs and technical difficulties of liquefying pure hydrogen, according to Mark Hutchinson, …

  Bloomberg BHP group Ltd has made a binding offer to acquire Australian copper producer OZ Minerals Ltd. for $6.4 billion, securing its biggest deal in more than a decade and boosting exposure to key materials used in clean energy and electric cars. The A$28.25-a-share bid, first announced in November, will now go to shareholders for approval in late March …

Bloomberg Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals. Europe’s largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years, data compiled by Bloomberg show. It’s also poised to be one of the few …

  Bloomberg Shell Plc suspended production at a floating liquefied natural gas (LNG) facility off the west coast of Australia after a fire broke out, tightening fuel supplies to Asia right as winter starts to boost consumption. The “small fire” at the Prelude LNG facility was detected and was “quickly contained using a hand-held extinguisher,” Shell said in a statement. …

Bloomberg China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities. A dramatic surge in infections is having a short-term impact on the supply chain for solar companies, the China Silicon Industry Association said in a statement. Many manufacturers of the wafers used in solar panels have curtailed …

  Bloomberg C6 Bank, the Brazilian digital lender backed by JPMorgan Chase & Co, is planning to double its loan portfolio to midsize firms as it diversifies beyond retail clients. By the end of next year, C6 hopes to increase its loan book to such companies to more than 3.5 billion reais ($675 million) from about 1.8 billion reais now, …

Bloomberg Brazilian President Jair Bolsonaro signed into law the country’s first framework for cryptocurrency, with ground rules for brokerages that offer crypto as well as the assets’ day-to-day use. Though a formal designation is needed, the central bank is likely to be responsible for regulating and overseeing the new structure, according to the bill’s rapporteurs — the lawmakers who make …

  Bloomberg Japan’s biggest bank sees value in further share buybacks as its $7.5 billion deal to sell a US regional lender adds to a growing cash pile. “We are always looking for growth investment opportunities,” Hironori Kamezawa, chief executive officer of Mitsubishi UFJ Financial Group Inc, said in an interview, adding that the lender will consider acquisitions in Asia …