Tuesday , 16 December 2025

Blog Layout

Mercedes-Maybach has risen gloriously from the dead, again

  Bloomberg Just a minute. You have forgotten your phone.” The dulcet tone of the voice coming from the depths of the Maybach took people by surprise. People didn’t know who she was, but she was right. We’d left our cell charging in the center console. Turns out the Mercedes-Maybach S 580, especially its onboard artificial intelligence minder system, doesn’t …

Read More »

Instagram adds ways for users to adjust their suggested posts

  Bloomberg Instagram, racing to improve its algorithm to catch up with TikTok, is asking its users for some input. The social media app, owned by Meta Platforms Inc., is now allowing users to select and indicate that they are “not interested” in multiple posts at once within the Explore tab, the section on the app where users can discover …

Read More »

Microsoft changes its European cloud-license terms

  Bloomberg Microsoft Corp outlined planned changes to the terms of its software licensing agreements, following complaints to antitrust regulators from some European cloud-computing service providers that the company’s practices put rivals at a competitive disadvantage. The changes will make it simpler for customers of rival cloud-service companies in Europe to move their existing software to these other networks, Microsoft …

Read More »

HP cuts profit forecast as PC sales slide

  Bloomberg HP Inc reported quarterly sales that missed estimates and reduced its annual profit forecast on falling demand for personal computers and printers, especially among consumers. The shares fell in extended trading. Fiscal third-quarter revenue fell 4.1% to $14.7 billion, the Palo Alto, California-based company said in a statement. Consumer sales in its computer division declined 20%, led by …

Read More »

Oil’s rough week ends with rebound over Opec+ risk

  Bloomberg Oil rises, paring a hefty weekly decline, as Opec ministers and allies prepare to discuss crude output. West Texas Intermediate futures climbed above $88 a barrel on Friday after slumping almost 11% over the prior three days. Traders shrugged off an announcement by G-7 leaders of plans to cap the price of Russian crude in retaliation for Vladimir …

Read More »

UK predicts up to $199 billion excess profits for energy firms

  Bloomberg UK gas producers and electricity generators may make excess profits totalling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax. Treasury officials will deliver the assessment to the next prime minister when they take office on September 6, according to a …

Read More »

Germany is turning more pessimistic on Russian gas this winter

Bloomberg Germany says it can’t rely on gas supplies from Russia this winter as Europe faces a crunch point in its energy crisis, with Nord Stream flows disrupted by maintenance this week and more works expected next month. Germany’s Economy Minister Robert Habeck is becoming increasingly pessimistic about the role of Russia’s Gazprom PJSC in supplying the vital fuel during …

Read More »

France to extend help with energy costs for small firms

  Bloomberg France will extend aid for small and mid-sized companies struggling with surging energy costs until the end of the year, Finance Minister Bruno Le Maire told business leaders. The government will also loosen the conditions for firms to request financial help from the 3 billion-euro ($3 billion) fund, Le Maire said. “At the heart of our policy is …

Read More »

Spain to reduce VAT on gas bills

  Bloomberg The Spanish government will cut value-added tax on natural gas to 5% from 21%, in the latest step to blunt the impact on households and businesses of inflation running at its highest level in nearly four decades. The cut will start in October and last until the end of the year, Sanchez said in an interview with Spanish …

Read More »

India’s top refiner to spend $25 billion to cut emissions

  Bloomberg Indian Oil Corp., the country’s biggest refiner, said it plans to spend 2 trillion rupees ($25 billion) to achieve carbon neutrality in its operations by 2046. The company will target Scope 1 and 2 emissions under its net zero aim, Shrikant Madhav Vaidya, chairman of the state-owned refiner-cum-fuel retailer, said. It plans to achieve 60% of the goal …

Read More »