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Emirates wavers on A380 deal amid ‘Airbus concerns’

Bloomberg Emirates, the world’s biggest long-haul airline, is holding out for assurances about the future of Airbus SE’s A380 programme before committing to an $8 billion order for more of the double-decker aircraft. While Airbus is pushing for a deal at November’s air show in Dubai, where the carrier is based, concern that the value of used A380s will plummet ...

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UK offshore wind costs fall below new nuclear plants

Bloomberg The cost of generating electricity from offshore wind farms fell sharply in the UK to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest ways to supply the grid. In a government auction that handed out power-purchase contracts worth 176 million pounds ($232 million) a year, all of the ...

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Flood-hit India’s oil demand falls to a 14-year low

Bloomberg India’s oil consumption in August shrank 6.1 percent, the most since April 2003, as floods ravaged several parts of the country curbing demand for diesel and gasoline. The world’s fastest growing oil consumer used 15.75 million tons of fuels in August, compared with 16.78 million tons a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell. ...

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