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Macau luxury hotel misses its opening

Bloomberg 13 Holdings Ltd. missed a Monday deadline to open its luxury hotel in Macau, a condition of a HK$3 billion ($384 million) loan from Bank of Communications Co. for the gaming project just off the Cotai strip, according to people familiar with the matter. The $1.6 billion development, started by 13 Holdings co-chairman Stephen Hung, formerly co-head of Asia ...

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Amazon, Wal-Mart finally give hydrogen power a reason to be

Bloomberg Andy Marsh sees his future — and it’s forklifts. His tiny company, Plug Power Inc., makes hydrogen fuel cells, and for years he struggled to find customers. No longer. In April, Amazon.com Inc. agreed to try out the technology in forklift fleets at 10 of its warehouses. And in July, Wal-Mart Stores Inc. matched Amazon’s $600 million deal with ...

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UK customs checks to cost $1.3 billion a year post-Brexit

Bloomberg Customs checks at the border after the UK leaves the European Union could cost 1 billion pounds ($1.3 billion) a year and cause delays for goods being shipped in both directions, according to a report by Oxera, an economic consultancy. The estimate assumes low regulation but high levels of enforcement and is based on World Trade Organization data on ...

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