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Bloomberg Japanese natural gas company Tokyo Gas Co Ltd has made a bet that the future of renewable power will be floating at sea. The more than $22 million investment in developer of floating platforms for wind turbines Principle Power Inc is a sign that fossil fuel companies are continuing to invest to prepare their businesses for a low-carbon future. ...

Bloomberg Just months after coming to terms with its lenders on a debt recast, India’s largest wind turbine maker Suzlon Energy Ltd is seeking to loosen some conditions. The Pune-based company is asking its lenders to accept new convertible debt in place of interest payments due this quarter on its restructured loans, people familiar with the matter said, asking not ...

There are times when nations must do unpopular and painful things — and those are the times when a country needs a “leader”. Ours has gone missing in action. Worse, President Trump is actually subverting leadership. The resulting vacuum of power feeds confusion and chaos, as mayors, governors, members of Congress, doctors and scientists all strive to fill the vacuum. ...

The way the Covid-19 crisis ends is with vaccines — not a vaccine. More than one horse can win this race. Some of us might end up getting a shot of a more traditional vaccine, which uses parts of an inactivated virus to stimulate immunity. Others might get vaccines based on emerging technologies that use synthetic versions of the virus’s ...

It’s easy to ban a product that’s difficult to get your hands on anyway. That’s why Britain’s possible move to impose a stricter ban on Huawei Technologies Co seems opportunistic, even if it does now make sense. It’s taking advantage of harsher US sanctions on the Chinese telecoms-equipment giant to consider extending the UK’s halfway measures unveiled with great fanfare ...

Is India’s richest man betting on a tech cold war? Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported, citing people with knowledge of Jio Platforms Ltd’s initial public offering, which is planned for the next 12 to 24 months. Going to the New York Stock Exchange or Nasdaq would make sense. US-traded Chinese ...

Bloomberg Reliance Industries Ltd is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than $10 billion of investment in a month. The conglomerate backed by Mukesh Ambani, Asia’s richest man, is preparing Jio Platforms Ltd for an initial public offering ...

Bloomberg JSW Steel Ltd, India’s most valuable steelmaker by market capitalisation, will focus on exports, cut costs and delay expansions as the coronavirus pandemic slashes demand at home. Once a bright spot for global demand, steel consumption in India plunged 91% last month while crude steel output tumbled 70% as a nationwide lockdown to combat the pandemic halted activity across ...

Bloomberg China’s race to restore normality has opened up a rare opportunity to profit from shipping aluminum into the country, which is typically burdened by excess supply of the metal. The theoretical margin from importing aluminum into China jumped to the highest level since 2016, according to Bloomberg calculations based on local spot prices and the cost of the metal ...

Bloomberg Prime Minister Shinzo Abe is doubling down on his stimulus measures with more than $1 trillion of extra help to keep businesses and households afloat amid the coronavirus recession. The 117 trillion yen ($1.1 trillion) package includes financing help for struggling companies, subsidies to help firms pay rent and several trillion yen for health care assistance and support for ...