Bloomberg Business

National Grid Plc has called off its request for three coal-fired units to get ready to generate to help ease a power squeeze on Monday evening.

Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies to make them more climate friendly.

Lazard Ltd. hired Wassim Al-Khatib as chief executive officer for the firm’s advisory business in the Middle East and North Africa, and the boutique investment bank plans to make Riyadh its regional banking hub.

The US dollar is eyeing a fresh low for the year as soft economic data and dovish comments from Federal Reserve officials suggest the central bank may be on the verge of slowing the pace of its rate hikes.

Cutting methane emissions from mines that produce coking coal could significantly reduce the overall warming impact from steel, according to Ember.

Millions of people across Pakistan’s major cities were plunged into a blackout prompted by a power grid failure, dealing another blow to the nation already reeling from surging energy costs.

Asia’s richest man, Gautam Adani, plans to sell shares to the public in at least five companies between 2026 and 2028, helping the port-to-power conglomerate improve debt ratios and broaden its investor base.

(Bloomberg) — Morgan Stanley economists are sticking by their call for a “softish” landing in the US and reckon even if there is a recession it will be milder than most. 

Incoming New Zealand Prime Minister Chris Hipkins will prioritize the economy as a recession looms and may jettison some of Jacinda Ardern’s policies as he seeks to win back the political middle ground ahead of an October election.

President Cyril Ramaphosa has appealed to the board of South Africa’s cash-strapped power utility to suspend its biggest electricity-price increase in more than a decade as the nation faces two more years of rolling blackouts.