Bloomberg Special

Bloomberg Special

Workers sort rocks near a coal mine in Datong, China.Photographer: Noel Celis/AFP/Getty Images/Bloomberg

The biggest fossil fuel subsidies are indirect, and bigger than ever

Implicit subsidies for fossil fuels — the underpriced costs of their environmental effects — come to 5% of global GDP yet are difficult to rein in.

Gina Raimondo, left, with Li Qiang in Beijing on 29 August 2023.Photo: Bloomberg

Raimondo stresses optimism on economic ties with China’s premier

A vast storeroom at Urenco’s plant in Eunice, New Mexico, is crammed with ready-to-ship canisters, each filled with more than 2 tons of enriched uranium and worth $1 million. Photographer: Mark Felix/Bloomberg

Why the US and Europe still buy Russian nuclear fuel

Photo: Collected

US commerce secretary’s China trip has a chance of success that eluded others

Photo of leaders at the BRICS meeting in South Africa this week. Photographer: Per-Anders Pettersson/Getty Images Europe

BRICS shows it's little more than a meaningless acronym

Photo: Bloomberg

Putin restores power base with Prigozhin killed in plane crash

The leaders of the BRICS bloc are holding their annual summit in Johannesburg this week.Photographer: Michele Spatari/Bloomberg

Putin, Xi and BRICS allies see chance to shake up world order

Diesel is pricing a scarcity with winter rush looming large

Diesel is pricing a scarcity with winter rush looming large

Crushed plastic bottles and containers bound in bales in China. Photo: Bloomberg

Net zero is stalling out. What now?

Picture: Bloomberg

Third of Ukraine crop exports wiped out after Black Sea block

Photo: Bloomberg

China steps up efforts to stabilise markets as confidence slumps

China's hidden financial dangers erupt with shadow bank crisis

China's hidden financial dangers erupt with shadow bank crisis

Photo: Collected

Five Things to Watch as South Africa Hosts BRICS Summit