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  Bloomberg The European Union (EU) unveiled how it plans to label investments in some gas and nuclear projects as sustainable, a move that has divided member states as the energy transition collides with political reality. The European Commission on Wednesday announced technical amendments to its draft green-label criteria and proposed strengthening disclosure rules to ensure more transparency for investors. Yet ...

  Since former US President Donald Trump launched his trade war against China in 2018, Chinese leaders have gone from mocking the idea that the world’s two biggest economies might decouple, to worrying about losing access to American technology, capital and markets, to thinking that China might be better off disengaging from its main rival on its own terms. They ...

In late 2021, diplomats spent hours arguing over whether to “phase-out” or “phase-down” coal in the final communique of the COP26 climate change summit. Under pressure from China and India, the watered-down second choice prevailed. Still, it was good enough for the United Nations to proclaim that the dirtiest fuel was being “consigned to history.” Nothing is further from reality. ...

  With UK retail price inflation over 7%, there is clear justification for the Bank of England’s monetary policy committee to deliver a second consecutive interest rate hike to 0.50% at its upcoming meeting on February 3. Sadly for the average person, it is more likely to be felt in higher borrowing costs than actually securing anything much above zero ...

  For more than a year, an egalitarian narrative dominated the discussion about US wages. Lower income workers were seeing the biggest pay increases while gains for better-paid employees lagged behind. But the quarterly results posted by banks last week may upend the dialogue. The five biggest American banks boosted compensation by 15% last year, more than twice as much ...

  Bloomberg Aerojet Rocketdyne Holdings Inc. said it’s investigating Executive Chairman Warren Lichtenstein and accused him of launching a proxy fight in an effort to maintain his board position. An internal probe involving Lichtenstein is being conducted under the oversight of a committee of independent directors, the company said in a statement. The investigation is not related to Aerojet’s operations ...

  Bloomberg UK retailers raised their prices at the fastest pace in more than nine years in January, a survey showed, passing on soaring costs to consumers already grappling with a cost-of-living squeeze. The report by the British Retail Consortium suggests inflation is spreading well beyond energy prices, with goods from food to furniture seeing prices driven higher in a ...

  Bloomberg Latam Airlines Group SA can send its $5.4 billion bankruptcy-exit plan to creditors for a vote, a judge, handing the airline a partial victory over debtholders who want to pursue alternatives, including a takeover by rival Azul SA. The decision means the company can seek final court approval for its reorganization plan in April and possibly exit bankruptcy ...

Bloomberg Ethiopian Airlines Group carried out its first official flight with Boeing Co.’s 737 Max since a deadly crash in March 2019 that triggered a global grounding of the jet. The three-year-old plane took off from the Ethiopian capital of Addis Ababa at 9:18 a.m. GMT on Tuesday and was in the air for about four hours before returning, tracking ...

  Bloomberg Starbucks Corp. is asking the US government to quash elections underway in New York that could expand the fledgling labor foothold among its corporate-run U.S. locations. In a filing, the coffee chain asked the National Labor Relations Board to overturn an acting regional director’s ruling ordering unionization votes at three restaurants in the Buffalo region. The company argued ...