Europe’s Freeze Lifts Short-Term Power Prices as Grids Pressured
Short-term European power prices rose as freezing temperatures and low winds forced grid operators to scramble to tackle a supply squeeze.
Bloomberg Business
Top Miner BHP Strikes Deal to Look for Copper in Serbia
BHP Group struck a deal to look for copper in Serbia as the world’s biggest mining company expands efforts to find new deposits of the metal essential for the green revolution.
Iberdrola Weighs Sale of Stake in US Renewables Business
Iberdrola SA is weighing the sale of a stake in its US renewables operation, people familiar with the matter said, as part of plans to bring in new investors across its business.
Reddit Adds Chief Revenue Officer, New Hires After Year of M&A
Social media company Reddit Inc. has made several changes to its executive ranks about a year after filing for an initial public offering.
Macron Plows Ahead With Pension Reform as More Protests Loom
French President Emmanuel Macron’s government formally presented its flagship pension reform at a cabinet meeting on Monday, paving the way for parliament to debate it as unions and opposition parties ready further strikes and protests against the plan.
Czech Tycoon, Trailing in Race, Draws Ire Over NATO Comments
Former Czech Prime Minister Andrej Babis, who is trailing in his bid to win the nation’s presidency this week, drew criticism for saying during a televised debate that he wouldn’t send troops to aid NATO allies.
EU Backs More Iran Sanctions Over Crackdown on Protestors
European Union foreign ministers backed more sanctions on more individuals and entities over Iran’s crackdown on some of the country’s biggest protests in decades, sparked by the death in police custody of a young woman.
Ghana Eurobond Holders Fret Over Better Terms for Local Lenders
Ghana’s dollar bonds fluctuated amid concern an offer of better terms to investors in local government securities may shift a bigger burden of a planned restructuring onto holders of the external debt.
Fine Print on Labor in US Climate Bill Complicates Rush for Tax Credits
Claiming the full value of the credits hinges on pay and hiring rules that are unclear or hard to meet, companies say.
Yellen Sees ‘Very Helpful Signs’ on US Inflation Front
US Treasury Secretary Janet Yellen said she’s encouraged by progress on inflation, with energy prices and supply-chain issues easing across the globe even as the US labor market remains strong.
