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Bloomberg China’s overseas energy financing dropped to the lowest level since 2008 after the pandemic hampered deal-making in developing nations. Financing for foreign energy projects, including power plants and mines, fell by 43% to $4.6 billion, according to Boston University’s Global Energy Finance Database, which tracks data from two state-owned development banks. More than half of lending was for a ...

It’s never helpful for the aviation community when fiery debris falls from the sky onto a large US city. But some perspective is warranted on this weekend’s incident involving a United Airlines Holdings Inc-operated Boeing Co 777 jet. This isn’t on par with the crisis that engulfed another Boeing plane, the 737 Max, after two fatal crashes led to its ...

Many investors have left department stores for dead. But a coalition of activists sees potential in one such retailer — Kohl’s Corp. — as it overhauls its board. A group consisting of Macellum, Ancora, Legion Partners and 4010 Capital said that it aims to install a slate of nine new directors at the struggling retailer, attributing years of weak sales ...

It was encouraging to see G7 leaders including France’s Emmanuel Macron, Germany’s Angela Merkel and the UK’s Boris Johnson all on the same page when it came to Covid-19 vaccines last week. With the US back in the fold of global health cooperation as a member of the 92-country Covax initiative, they all agreed to help distribute doses around the ...

Donald Trump and his lawyers have routinely argued that the former president would be subjected to “irreparable harm” if his tax returns landed in unfriendly hands. The Supreme Court disagreed, and refused to block a subpoena that local prosecutors in New York had issued for the records. This doesn’t mean Trump’s returns will suddenly appear online. They’re going to a ...

Bloomberg President Joe Biden seeks to repair relations with Canada that have been strained by disputes over trade and an oil pipeline as he meets virtually with Prime Minister Justin Trudeau. The two leaders plan to unveil a road map on how to improve cooperation on a range of topics, from global alliances to the coronavirus, according to a senior ...

Bloomberg China’s President Xi Jinping may visit India in the second half of 2021 amid ongoing border tensions, to attend a meeting of the BRICS group, the Times of India reported without saying where it got the information. China has supported India’s hosting the meeting of heads of state of the grouping which also includes Brazil, South Africa and Russia, ...

Bloomberg Former South African President Jacob Zuma’s trial on corruption, money laundering and racketeering charges that date back to the 1990s will begin on May 17, after the courts rejected his repeated applications to have the case dismissed. The case against the 78-year-old resumed briefly in the High Court in the eastern town of Pietermaritzburg on Tuesday, where the trial ...

Bloomberg Three former top US Capitol security officials are facing aggressive questions from two Senate panels digging into the lapses that allowed a mob of Donald Trump’s supporters to overwhelm police officers and ransack the building as Congress was certifying the presidential election results. The joint hearing of the Senate Homeland Security and Rules and Administration Committees is the first ...

Bloomberg Hong Kong’s leader said it is “crystal clear” that Beijing needs to reform the financial hub’s electoral system, just a day after China’s top official for the city signalled major changes were coming. Chief Executive Carrie Lam said political unrest in the former British colony, including massive protests in 2019, had forced Beijing to ensure the city is governed ...