The UK can build transition lines in half the time it now takes as it pushes to speed up the decarbonization of its power supply, the government’s top energy adviser says in a report delivered Friday.
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
Europe’s next blast of heat is set to hit Spain early next week, with temperatures climbing back to 40C (104F) in the southwest of the country by Sunday.
Two days is all President Xi Jinping has spent outside his country this year, as mounting domestic problems from a faltering economy to rare political scandals demand the Chinese leader’s attention at home.
Global food prices rose for the first time in three months, as trade disruptions from India to the Black Sea and extreme weather stoke supply concerns anew.
Banca Monte dei Paschi di Siena SpA rose in Milan trading after earnings at the world’s oldest lender got a boost from rising interest rates and cost cuts.
GlaxoSmithKline Consumer Nigeria Plc, the second-biggest drug firm in the West African nation, will cease operations after its UK parent terminated exclusive marketing and distribution agreements with the Lagos-based company.
German factory orders unexpectedly jumped the most in three years in June, a sign that Europe’s largest economy is stabilizing.
Austria’s government plans to anchor the right to use cash in its constitution, addressing a hot topic for opposition parties agitating about digital currencies.
Bank of America Corp.’s clients are fleeing equities as the risk of an economic contraction remains high, strategist Michael Hartnett said.
