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  Bloomberg The UK will detail plans to broaden its energy sources as the war in Ukraine, sanctions on Russia and a cost-of-living crisis forces countries across Europe to urgently revamp how they generate electricity and heat homes. The main focus will be on nuclear and wind power, two industries that haven’t been short of controversy. Government minister Grant Shapps ...

  Bloomberg Shell Plc may have difficulty paying for Russian gas supplies this month because the Kremlin wants payments transfered through UK-sanctioned Gazprombank JSC, according to two people familiar with discussions in Russia. Gazprom PJSC, the single largest provider of natural gas to the European continent, now only accepts ruble payments for supplies of the fuel to so-called ‘unfriendly’ states, ...

  Bloomberg Japan’s energy importers are warning that the tumbling yen is exacerbating a surge in fuel costs, and may weigh on their bottom line and boost prices for consumers. While oil prices have slipped from the highs seen earlier from Russia’s war in Ukraine, the sharp weakening in the yen is likely to keep upward pressure on imported fuel ...

  Bloomberg The world’s biggest nitrogen fertiliser company may be increasing its market share in Latin America, one of the most important crop-producing regions, as supplies ebb from Russia. Illinois-based CF Industries Holdings Inc is planning to increase its overseas shipments to regions plagued by fertiliser shortages, including Latin America, said Chief Executive Officer Tony Will. Brazil is the No. ...

Just-in-time manufacturing has become a favourite punching bag during the pandemic supply chain crunch, with critics arguing manufacturers had become too obsessed with efficiency and left themselves too little slack to weather availability constraints or geopolitical disruptions. The terminology is handy because it’s easy for the casual observer to grasp in theory and conjures up images of parts magically appearing ...

For those looking to buy a second home as an investment, take a pass on Hong Kong. Maintenance costs are rising. Your tenant is probably working from home, cooking, washing and cleaning a lot more than before Covid. Appliances break. And good luck finding a plumber or electrician. Repair men are hard to schedule these days, as many catch the ...

  The rise in sea levels is on track to increase highly destructive flooding fivefold in the US by 2050, but a new study of home prices in coastal Florida suggests buyers are oblivious or indifferent to the risk. Governments need to take action to ensure that everyone has the right information about this critical threat. Freddie Mac researchers led ...

  There are many ways a Chinese company might sidestep US sanctions and provide technology products to Russia. It could hide American imports behind third-party suppliers, implement layers of shell companies to obfuscate source and destination, or create elaborate schemes to hide data from forensic accountants. They’d be foolish for trying, and Beijing itself would likely step in to stop ...

Bloomberg The US National Transportation Safety Board (NTSB) has been helping Chinese officials download two black-box recorders that were damaged in the mysterious crash of a Boeing Co 737 jetliner on March 21. The work to decipher the final sounds caught by cockpit microphones on the doomed jetliner is being carried out in the NTSB’s lab in Washington, spokesman Peter ...

  Bloomberg Alaska Air Group Inc cancelled more than 100 flights as the carrier’s pilots picketed at five West Coast airports amid negotiations over a new labour contract. The airline scrubbed about 14% of its schedule in New York, according to data from Flightaware.com. Further flight cancellations could occur over the weekend due to the staffing disruptions, the Seattle-based company ...