Page 4 - Bloomberg News

No hot showers, street lights; here's how Europe is slashing energy use

As the Kremlin slashes gas deliveries and power-plant outages intensify a supply squeeze, Europe has little alternative but to curtail demand

China's recovery wobbles as drought, global slowdown add to risks

China's economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects

Chinese govt seeks to stabilise property market with loans, lower rates

Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a govt-guided attempt at alleviating a worsening housing crisis

Twitter tells employees bonuses could halve, based on performance: Report

Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase

Norsk Hydro shuts aluminum plant in Slovakia as Europe's power woes deepen

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

Russia tycoon Vladimir Potanin agrees to Nornickel-Rusal merger talks

Potanin has headed Nornickel since striking a 2012 shareholder accord with aluminum producer Rusal, the company's second-largest investor

Twitter accounts hyped US firm seeking trials for India-made Covid vaccine

Ocugen sought FDA approval for Covaxin in October, then a seeming coordinated social media effort lifted its stock.

China says telescope may have picked up signals from alien civilisations

Sky Eye -- the world's largest radio telescope -- detected narrow-band electromagnetic signals, which may have been signs of alien civilisations

200 brands of electric scooters but industry shadowed by bad reputation

Despite all the attention they command, e-scooters are used for only about one one-thousandth of all trips made in the world's cities.

Meet the CEO who is putting in overtime to shorten your workweek

Joe O'Connor heads a nonprofit helping companies around the world to adopt more flexible work schedules.

China: Shanghai locks down parts of city again as Covid fears return

The mini-lockdown is raising concerns that the city's reopening is backsliding as officials fear a rebound in cases.

Beijing opens up restaurants, cinemas as China eases Covid curbs

Public transport will resume in most districts, except Fengtai and some parts of Changping, allowing workers to return to the office and restaurants to start dine-in services, local authorities said

China's economy worse off in some ways than 2020, says Premier

Li Keqiang tells officials to lower nation's unemployment rate; economists expect China to miss growth target this year

China foreign minister says USA's Indo-Pacific strategy 'doomed to fail'

Its aim is to gang up and create 'small circles' in an attempt to contain China, says Wang Yi's ministry.

Sri Lanka can't find cash to pay even one ship for petrol, says minister

Prime Minister has said the nation is working to obtain dollars in the open market to also pay for three ships with crude oil.

China's Covid exit hinges on vaccinating its vulnerable elderly people

China is now paying a price for this vulnerability, with its economy struggling under the weight of chaotic lockdowns and increasingly unpredictable measures aimed at snuffing out all cases and shield

China risks 1.6 mn deaths if 'Covid Zero' is abandoned: Shanghai univ study

The research comes as WHO chief Tedros Adhanom Ghebreyesus called on China to rethink its strategy.

Russia to quit International Space Station over Ukraine invasion sanctions

Rogozin earlier this month threatened to end Russia's mission unless the U.S., European Union and Canada lifted sanctions against enterprises involved in the Russian space industry.

Communist Party urges support for Xi as anger grows on Covid lockdowns

China is struggling to contain a worsening outbreak that risks weakening growth in the world's second-largest economy and disrupting global supply chains