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Bloomberg Engie SA and Mitsui & Co. agreed to sell the Loy Yang B coal power plant in Australia’s Victoria state to Alinta Energy Holdings Ltd., boosting the Hong Kong-owned utility’s exposure to the fossil fuel. Alinta’s owner, Chow Tai Fook Enterprises Ltd., entered into a conditional binding agreement to buy the 1,000-megawatt station, the company said in an emailed ...

Bloomberg In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022. India declared a three-year program towards tenders for renewable energy projects that will meet its original target of 175 gigawatts of clean-energy capacity ...

Bloomberg BASF SE said it’s in talks to combine its oil-and-gas unit with the energy company controlled by Russian billionaire Mikhail Fridman, setting the stage for one of the largest deals in the sector for some time. The German chemicals company would hold a majority in the combined entity, with a view to a possible initial public offering “in the ...

Bloomberg UK Prime Minister Theresa May has less than 10 days to come up with a new offer on the Brexit divorce bill if she wants to break the deadlock in negotiations before the end of the year. European Council President Donald Tusk gave May until December 4 to make extra efforts to resolve the differences between the two sides ...

Bloomberg Angela Merkel returned to the international stage with a path to her fourth term opening up and her enemies in retreat. A week that began with the collapse of coalition talks, intrigue and finger-pointing ended with the chancellor telling her European Union partners that Germany is back to business as usual. The Social Democrats, her government partner during two ...

Bloomberg Egypt raised its security alert to the highest level on Saturday as it emerged that the IS may have been behind a mosque attack in the restive north Sinai in which more than 300 people died, the most lethal single assault in the country’s recent history. Hours after the midday attack on Friday, the military said it launched overnight ...

Bloomberg Pakistan’s decision to set free the alleged mastermind of the 2008 attacks in Mumbai drew quick criticism from the US, where President Donald Trump has demanded that Pakistani leaders take tougher action against terrorists. Hafiz Saeed, who allegedly planned attacks in Mumbai in 2008 that left 164 people dead, had been detained at his house in Lahore without charges ...

Bloomberg Ireland’s government pledged to stand by its embattled deputy leader, raising the stakes in a stand-off which could lead to a surprise general election. Prime Minister Leo Varadkar won’t “abandon” his deputy, Frances Fitzgerald, Irish Foreign Minister Simon Coveney said in a RTE radio interview after opposition political forces demanded she resign over her handling of a whistle blower ...

In the run-up to the UK’s 2016 referendum on leaving the European Union, and immediately after it, the ‘remain’ campaign was much derided for fear-mongering. People are sick and tired of experts warning about doomsday scenarios, said Conservative politician and lead-Brexiter Michael Gove. Those warning that Brexit would cost the economy were dubbed “remoaners”; Chancellor of the Exchequer Philip Hammond ...

India’s fledgling bankruptcy regime is turning both karmic and American. Eat, pray, love; applaud the shift. The government tweaked the 2016 insolvency law on Wednesday to disallow managements that have been “willful defaulters” from bidding for their own assets. That weird term has been defined by the central bank as instances where borrower firms didn’t repay while having the capacity ...