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  Bloomberg When Toshihiro Mibe took over as Honda Motor Co.’s chief executive officer last year, he did so with a bang, promising to achieve carbon neutrality by 2050 and phase out gasoline-powered car sales by 2040, becoming Japan’s first automaker to say as much. Now, he’s backing that with numbers. Honda will spend 5 trillion yen ($40 billion) on …

  Bloomberg As the top-selling model line in the US for 40 years, Ford Motor Co’s F-Series pickups hold special weight in the auto ecosystem. The lineup, led by the F-150, generates more than $40 billion in annual revenue. Only one other US product—Apple Inc.’s iPhone—tops F-Series sales. Given this, Ford’s decision to electrify the F-150 stands as one of …

  Bloomberg Apple Inc is paying a small number of engineers another round of special stock bonuses as part of an unusual push to retain key talent, according to people with knowledge of the matter. The iPhone maker doled out the bonuses in recent days to a select group of employees in its software and hardware engineering departments, said the …

  HANOI / WAM The Vietnamese Health Ministry has started issuing vaccine passports, the Vietnam News Agency (VNA) reported. Vietnam’s vaccine passport follows the standards of World Health Organisation (WHO) and the European Union (EU), which are followed by 62 nations. The passport will be available on PC Covid-19 or Digital Health apps. If people don’t have the apps, they …

  Bloomberg China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and …

  Bloomberg Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power grid by 2040. The 339-mile Champlain Hudson Power Express is expected to be complete in 2025, according to a statement from New York Governor Kathy Hochul. The Public …

Bloomberg California, which aims to have a carbon-free power grid within 25 years, got a short glimpse of that possibility earlier this month. The state’s main grid ran on more than 97% renewable energy on April 3, breaking a previous record of 96.4% that was set just a week earlier, the California Independent System Operator said in a statement. “While …

  Bloomberg Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine. The country’s ruling coalition has reached an agreement on a long-delayed bill amending the country’s offshore law to boost investments and unlock stalled gas …

Bloomberg Germany was warned it could face a 220 billion-euro ($240 billion) hit to output over the next two years in the event of an immediate interruption in Russian energy supplies over the war in Ukraine. Economic institutes advising the government in Berlin said in a joint forecast that a full halt in Russian natural gas imports would result in …

  Bloomberg An amendment to European Union sanctions created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure will allow EU governments to grant permission for entities in their states to keep receiving payments from Russian companies on so-called financial leases signed before February 26. Ownership …