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Bloomberg Total SE will team up with Macquarie Group’s green bank to develop more than 2 gigawatts of floating wind farms off South Korea, the latest push by the French oil and gas giant to diversify into clean energy. Total and European peers such as Royal Dutch Shell Plc and BP Plc have vowed to reduce their exposure to fossil …

Bloomberg UK electricity has never been cleaner. As wind, solar and biomass plants produced more power than ever in the second quarter, carbon emissions fell by a third from a year earlier, according to Drax Electric Insight’s quarterly report. Power prices slumped 42% as demand plunged during lockdown. “The past few months have given the country a glimpse into the …

Bloomberg Walmart Inc’s answer to Amazon Prime finally has a launch date. The new subscription programme, dubbed Walmart+, will be available from September 15, the world’s largest retailer said in a statement. The program costs $98 a year, a discount to rival Amazon’s $119 annual Prime membership, and includes unlimited free delivery — including on groceries — plus gasoline discounts. …

Bloomberg Air France-KLM is firming up a plan to raise funds by May of next year after agreeing a rescue package from the Dutch and French governments to help outlast the global aviation crisis. The carrier “intends to implement measures to strengthen its equity and quasi-equity,” Air France-KLM said in a statement Tuesday, reiterating a timeline given previously by Chief …

Bloomberg Wizz Air Holdings Plc dropped plans to increase capacity to 80% next quarter after a resurgence of travel restrictions dented demand. The Hungarian carrier will maintain its current 60% level for the period ending in December if stricter measure continue including in its home country, it said on Tuesday in a statement. Further reductions are possible and the carrier …

Bloomberg Vietnam’s Civil Aviation Authority is working on a plan to resume international flights from September 15 with all passengers quarantined for 14 days upon arrival in the country, according to a post on the government’s website, which cited Dinh Viet Thang, director of the authority. The first international flights under the plan will be to Japan and South Korea, …

Bloomberg JC Penney Co’s lenders are preparing to take ownership of the retailer as talks with potential outside buyers reach an impasse, an attorney for the company said in a bankruptcy court hearing. “We’ve hit a stalemate,” the attorney, Joshua Sussberg of Kirkland & Ellis LLP, said in the hearing. “Our lenders will no longer be held hostage” by outside …

Bloomberg AirAsia Group Bhd is charging passengers who check in at airport counters rather than via its website, mobile app or self-service kiosks. The budget carrier, which posted a record loss last quarter, is charging 20 ringgit ($4.82) per passenger on counter check-ins for domestic flights and 30 ringgit for international trips, effective from Tuesday, it said in a statement. …

Bloomberg Colombia’s disaster fund will lend as much as $370 million to Avianca Holdings SA to help with its restructuring after a halt in travel during the Covid-19 pandemic forced the company into bankruptcy, the country’s finance ministry said in a statement. The emergency mitigation fund’s committee approved the government-backed loan, due November 2021, under the framework of debtor-in-possession financing …

Bloomberg The dollar dropped to a two-year low and US futures climbed after Chinese manufacturing data indicated that exports are underpinning a recovery. European stocks pared gains amid a retreat in travel shares. The euro led the charge against the greenback, hovering just below $1.20. Rolls-Royce Holdings Plc and Trainline Plc led losses in the Europe Stoxx 600 Index. The …