Bloomberg Renault SA aims to cut the cost of its batteries by 60% over the next decade as the French carmaker ramps up production of electric vehicles in Europe. Renault also plans to lower the costs of its electric motors by 30%, make them more compact and extend their range, the company said in a statement. “The Renault brand aims …

Geneva / WAM The impact of the Covid-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organisation (UNWTO). The estimate is based on losses caused by the pandemic’s direct impact on tourism and …

Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two …