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Bloomberg India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions. The country has already mostly met a goal of having 40% of installed power capacity from non-fossil fuel sources, and has options to extend that action, Finance Minister Nirmala Sitharaman said in ...

Bloomberg UK Business Secretary Kwasi Kwarteng sought to damp speculation that taxes will have to rise in order to fund the government’s green goals a day after the Treasury said it would need to consider new sources of revenue to pay for the transition. “I don’t think that tax rises are inevitable,” Kwarteng said when asked on LBC radio what ...

Bloomberg China has started building a massive renewable energy project that’s bigger than all of the wind and solar power in India. Construction on the first phase, comprising 100 gigawatts of wind and solar, in the desert has started smoothly, President Xi Jinping said via video link at a United Nations Biodiversity Conference in Kunming. That’s more than the entire ...

Bloomberg Britain will allow London Heathrow airport to lift its charges by as much as 56%, stoking a clash with airlines who warned that higher fares will stifle a recovery at Europe’s busiest airport. The announcement by the UK Civil Aviation Authority (CAA) sets up months of high-stakes lobbying before a final decision early next year. The hike could prove ...

Bloomberg Asia Aviation Pcl, the operator of Thailand’s biggest budget carrier Thai AirAsia Co, plans to raise as much as 17.9 billion baht ($535 million) from new loans, share sales and convertible-debt offerings as it attempts to restock coffers depleted by the worst crisis in aviation history. A revised financial restructuring plan for the company has been put forward and ...

Bloomberg Airports Company South Africa (Acsa) is looking to generate more income from hotels and land, win service contracts and boost cargo revenue to prepare for a potential fresh wave of Covid-19 infections and restrictions. The state-controlled owner of international hubs including Johannesburg and Cape Town fears a new coronavirus variant may emerge that is vaccine resistant, CEO Mpumi Mpofu ...

Bloomberg United Airlines Holdings Inc posted a narrower loss than analysts had expected as a dip in demand from a summer surge in the coronavirus delta variant proved fleeting. The carrier lost $1.02 per share, or $300 million, in the third quarter on an adjusted pretax basis, better than the $1.61 loss analysts had estimated, according to figures compiled by ...

Bloomberg British satellite operator Inmarsat Holdings Ltd said it’s the first foreign operator to get India’s approval to sell high-speed broadband to planes and shipping vessels. Inmarsat will access the market via Indian state-owned telecommunications company Bharat Sanchar Nigam Ltd, after BSNL received a license from India’s Department of Telecommunications, the London-based company said. A representative for the Indian government ...

Bloomberg Kering SA shares tumbled after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season. Comparable sales at the Italian brand rose 3.8% in the third quarter from a year earlier, Kering said in a statement. Analysts had forecast a 9.3% increase. The performance suffered from virus restrictions, ...

Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of Beijing’s regulatory crackdown is over. Tesla Inc. will be in ...