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Bloomberg Europe’s carbon market is nearing the psychologically important threshold of 30 euros ($33.70) a ton after signs the region will tighten rules on polluters and curtail supplies of allowances. The value of the securities that cover greenhouse gas emissions from industry and utilities has almost doubled in the past year, finishing at their strongest weekly close since 2006. That ...

Bloomberg After a scorching weekend across the US east coast, it’s Europe’s turn to dial up the air conditioners and fans this week. Temperatures could rise as high as 34 degrees Celsius (93 Fahrenheit) by Wednesday in London and other parts of Britain, compared with about 21 Celsius now, according to the Met Office. Paris is forecast to be as ...

Bloomberg Microsoft Corp rose to a record after topping quarterly sales and profit projections, fuelled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year. The software maker pledged “double-digit” percentage gains in sales and operating income for the year. Results are getting a boost from larger ...

Boeing Co.’s willingness to put a price tag on its 737 Max crisis and set a firmer timeline for the plane’s return is a sign it sees those troubles as closer to being resolved. The risk is that the company is still the most optimistic one in the room. Boeing announced it would take a $4.9 billion after-tax charge in ...

As part of a settlement with Germany’s antitrust authorities, Amazon.com Inc. has agreed to change a number of its business practices. The move should serve as a model to other US tech companies that prefer to pay fines to the European Union and challenge its antitrust rulings in the courts rather than alter their behaviour to comply with local rules. ...

With almost $13 trillion of bonds in the global debt market yielding less than zero, fund managers are increasingly chasing returns in less liquid assets. The result could be a reduction in the transparency about what portfolios are really worth. Regulators are right to be paying heightened attention to any misadventures in illiquidity. The decline in interest income available in ...

President Donald Trump reinserted himself into the Iran nuclear negotiations this week, with decidedly mixed results. Trump’s reiteration that he isn’t looking for regime change was welcome. As efforts to persuade Iran to scale back uranium enrichment intensify, it’s important for the regime to know that it faces no existential threat. The US hopes only to crimp its capacity to ...

Fifty years ago, India took a wrong turn leftward from which it is yet to recover: On July 19, 1969, the government took over the banking system, nationalising 14 banks which together controlled 85 percent of bank deposits. Today, even after a quarter century of liberalisation, state-controlled banks still control 70 percent of the sector’s assets. As a consequence, credit ...

The optimistic scenario about Netflix Inc. goes like this: The company is wise to spend like mad to create a new generation of entertainment service that capitalises on the inexorable shift of people away from old ways of wasting time like television towards new modes of wasting time like staring at smartphones. Eventually, the theory goes, Netflix will stop bleeding ...

Money talks, but the big question for PG&E Corp next week is how closely the bankruptcy judge is listening. The battle for the future of the wildfire-prone California utility intensified this week with a fusillade of court filings. To recap, PG&E has an exclusive period until late September to file a proposal to get out of chapter 11. Late last ...