Bloomberg Amazon.com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe. The deal, for the German automaker’s eSprinter and eVito models, will be complete by the end of the year, Amazon said in a statement. It comes two years after Amazon …

Bloomberg Germany racked up near-record demand for a bond sale in its debut green debt offering, grabbing nearly a tenth of the growing global market. It raised $7.7 billion from the 10-year sale, with demand more than five times that at 33 billion euros. The strong investor interest meant it priced one basis point tighter to the existing conventional bond. …

Bloomberg Oil rises on signs a glut was easing with US crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this year if confirmed by government data. Yet, there are lingering concerns about …

Bloomberg China’s record haul of crude is poised to end as state-issued allowances for imports dwindle, potentially taking the wind out of the uneven recovery across global oil markets. The world’s biggest importer will ship in much less crude in September and October than it did in May and June, with private refiners seeing purchases drop as much as 40%, …

Bloomberg Oil & Natural Gas Corp (ONGC) posted a 92% plunge in profit after crude prices crashed, production declined and demand for natural gas took a hit from a nationwide lockdown. Net income was 4.96 billion rupees ($68 million) in the three months ended in June, compared with 59.8 billion rupees a year ago, according to a company filing. Revenue …

Bloomberg A snapshot of Airbus SE plane use outlines a tentative recovery still dependent on China, and continued challenges for wide-body aircraft as carriers adjust to a lack of demand. Of the 10,404 Airbus planes in global fleets, almost two-thirds had flown at least once in the previous five days, according to an August 24 newsletter sent by the European …

Bloomberg Chinese consumers are back to binging on luxury handbags, cosmetics and cars. But this shopping enthusiasm is not extending to mass consumption in sporting goods and restaurants. An uneven recovery is under way in China as the world’s biggest consumer market also becomes one of the first nations to rebound from the coronavirus pandemic that continues to ravage the …

Bloomberg Whole Foods Market opened a location in Brooklyn that it’s calling a store — except shoppers won’t be welcome to walk the aisles. Instead, the Amazon.com Inc-owned organic grocer will use the facility, located in the New York borough’s Sunset Park neighbourhood, as a warehouse to fulfill online grocery orders, the company said in a blog post. Amazon bought …

Bloomberg Pret a Manger Ltd cut 2,800 jobs in UK shops, about a third of its store employees there, in the latest sign that the pandemic is hurting the retail industry. Sales at British stores are down about 60% from a year earlier and are now roughly the same level as in August 2010, Pret said in a statement. A …

Bloomberg The global aviation industry has racked up more than 350,000 job losses in the past six months, with more pain on the way, according to new research delving into the coronavirus pandemic’s impact on the once-buoyant sector. The total could approach half a million positions after including some 25,000 cuts that don’t fit into the main categories of airlines, …