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Bloomberg California’s top energy regulator isn’t sure how to fix PG&E Corp. As protesters chanted “No bailout” at a public meeting, California Public Utilities Commission President Michael Picker said the company “lacks a clear vision for safety” and will face a sweeping review following the deadliest wildfire in state history. “Is there a different model to ensure that we have ...

President Trump, do yourself a favour. Stop attacking the Federal Reserve and its chairman, Jerome Powell (yes, the same Powell you nominated). The result would be better for you, better for Powell and — most important — better for the country. Unfortunately, Trump can’t seem to restrain himself. The Fed has been raising short-term interest rates since late 2015 and ...

Just as the sun seems to be setting on nuclear power in rich countries, Taiwan’s voters have delivered it a new lease on life. A plebiscite on whether to repeal a law requiring the country’s four operating reactors to switch off by 2025 passed with 59.5% of the vote in the country’s local elections. As a result the government will ...

Just what does a no-deal Brexit look like? Everyone is bracing for it – some even talk of stockpiling food and medicines – but nobody quite knows what the consequences of driving off the cliff-edge would be. As UK Prime Minister Theresa May uses that fear of the unknown to prod lawmakers into approving her imperfect but take-it-or-leave-it deal, Paris ...

The construction of Nord Stream 2 — a pipeline for delivering natural gas from Russia to Germany — could hardly have come at a worse time. The United States and Europe are already feuding over trade, defense spending. Now, the US opposition to the pipeline sets the scene for another falling out. To be clear, the US is right to ...

Russia is preparing to sell bonds denominated in euros for the first time since 2013. Despite the recent drop in oil prices, it has a budget surplus and doesn’t really need to borrow; the bond placement is a test of the ‘dedollarisarion’ program, put in place by President Vladimir Putin this year. If the test and the plan are successful, ...

Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks. In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured. Disagreeing about the future ...

Who says economists can’t agree? In recent days, four reports evaluating the long-term economic impact of Brexit have been published, and they are remarkably consistent on at least two things. First, Theresa May’s deal will hurt the economy over the next decade or longer; and, second, exiting with no deal would be significantly worse. Ironically, that relative economic clarity may ...

Bloomberg One recent afternoon in the Indian city of Pune, a 35-year-old mason named Om Prakash Gaekwad gets a crash course in technology. He watches a street-corner skit explaining the virtues of WhatsApp’s messaging service and Reliance Jio’s wireless network. He then climbs aboard a truck to find out how to set them up. Half an hour later, he’s made ...

Bloomberg Volkswagen AG and Tesco Plc plan to build the UK’s largest vehicle-charging network spanning 2,500 bays across some 600 stores in the next three years, even as buyers have so far stayed on the fence and economic fallout from Brexit is difficult to predict. Customers will be able to charge their electric and plug-in hybrid cars using a 7-kilowatt ...