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Bloomberg Three years after Elon Musk took up a challenge to solve Australian power outages by building the world’s biggest battery, a Siemens AG venture wants to install even larger ones to bolster renewable investment in the nation. Fluence, a partnership between Germany’s Siemens and Arlington, Virginia-based AES Corp, is proposing to build two giant lithium-ion batteries at strategic points ...

Bloomberg China completed construction of a $3.17 billion ultra-high voltage (UHV) electricity line that for the first time will transport only clean energy. It’s the first UHV line in the world built to transmit only carbon-free electricity, its developer, State Grid Corp of China, said. It will allow more renewables to be developed in Qinghai and Gansu provinces and deliver ...

Military leaders don’t like using troops for domestic purposes. It violates every rule they’re taught. You could see that wariness in the face of Gen Mark A Milley, the chairman of the joint chiefs of staff, after President Trump told governors that he’d just put Milley “in charge” of cracking down on protestors. Following Trump’s exhortation to the governors to ...

Europe’s airlines aren’t all made equal. German flag carrier Deutsche Lufthansa AG will receive a 9 billion-euro ($10 billion) bailout and it was obliged to offer only limited concessions to Brussels in return. Meanwhile, low-cost Hungarian rival Wizz Air Holdings Plc has benefited from only limited state support. Goliath gets the goodies, and David the gruel. But anyone paying attention ...

The mighty US Dollar is having a wobble, falling to its lowest level on a trade-weighted basis since March. It’s a sign that the economic effects of the crisis are waning around the world. Perhaps it’s time for the US to rein in the unlimited economic stimulus, or at least keep some in reserve to fight specific fires rather than ...

One of the biggest ironies of the Brexit crusade against “suffocating” red tape from the European Union was that the UK was at the forefront of some of the bloc’s most onerous financial regulation after the 2008 crisis. That included a crackdown on opaquely-funded investment research — rolled out across the EU in 2018 as part of the MiFID II ...

Bloomberg China will ease its ban on foreign airlines starting from June 8, changing course a day after the Trump administration demanded the country reopen to US airlines or face curbs on its own carriers flying passengers to America. Foreign airlines excluded from an earlier pact will be able to operate one commercial passenger flight to China a week, the ...

Bloomberg Delta Air Lines Inc will block middle seats on all its aircraft through September 30, extending the policy for three months to soothe passenger fears about contracting the coronavirus. The carrier will switch to larger planes or add flights on high-demand routes that approach seating limits, Delta said in a statement. The Atlanta-based carrier previously guaranteed empty middle seats ...

Bloomberg The UK government warned British Airways (BA) it risks losing valuable airport landing slots after deciding to let go 12,000 staff while claiming government money to protect jobs during the coronavirus pandemic. An aviation debate in parliament was dominated by concerns about the former flag-carrier’s plans to slash its workforce. Transport Minister Kelly Tolhurst, responding to questions from lawmakers, ...

Bloomberg Amazon.com Inc is expanding its air cargo operations with plans to grow its fleet to more than 80 planes as the online retailer takes advantage of a depressed market for aircraft during the pandemic. The company announced that it had leased 12 converted Boeing 767-300 passenger planes from Air Transport Services Group Inc. One was added to Amazon’s existing ...