Bloomberg Microsoft Corp said it will work with labour groups when workers wish to join them, taking a pre-emptive stance amid a wave of union organising in the tech industry and ahead of its acquisition of Activision Blizzard Inc, home of the first labour union in the gaming industry. In a blog post outlining the company’s principles on engaging …
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Mercedes recalls 1m cars on ‘faulty brakes’
Bloomberg Mercedes-Benz Group AG will recall almost a million vehicles worldwide because of a potential problem with the braking system, Agence France-Presse (AFP) reported, citing the German federal transport authority. The regulator, known as KBA, said in a statement June 1 that the affected cars were built between 2004 and 2015 and belong to the ML and GL sports …
Read More »Energy squeeze becomes first test for Australia’s government
Bloomberg Australia’s new government, elected with a promise to accelerate a shift away from fossil fuels, is holding talks with oil and gas giants to ease an energy squeeze that’s delivered a first major test. Officials are in discussions with companies on “how we can alleviate the immediate real pressure on businesses and households,†after gas prices surged and following …
Read More »New York plans 22 new renewable energy plants to reach climate goals
Bloomberg New York Governor Kathy Hochul announced plans to build 22 renewable energy projects, much of them solar-power facilities, as the state aspires to achieve a zero-emission grid by 2040. The projects should generate enough power to serve 620,000 New York homes for at least 20 years, spur $2.7 billion in private investments and create more than 3,000 jobs …
Read More »South Africa signs power contracts with Norway’s Scatec after one year
Bloomberg South Africa made some progress toward adding new generation to its underpowered electricity grid, signing power purchase agreements for 150 megawatts of capacity from private projects by developer Scatec ASA that were selected a year ago. The government’s emergency power program, also known as the risk mitigation program, has experienced multiple delays as the nation heads for a …
Read More »Congo sees surge in mining of metals for green-energy transition
Bloomberg Democratic Republic of Congo could see about 10 new mines for metals key to powering the green-energy transition within four years, according to the director of the country’s mining registry. About 500 of the nation’s mining permits are in advanced development and will soon lead to new projects for lithium and cobalt — battery metals driving the electric …
Read More »China electric car sales rose in May
Bloomberg China’s legion of electric carmakers appear to be shaking off the worst of the nation’s lockdown-induced supply chain snarls and parts shortages, with at least four selling over 10,000 vehicles last month. The May bounce back in deliveries is an encouraging sign for the world’s biggest electric-vehicle market. The improved month-on-month shipments came despite residents of Shanghai — …
Read More »Shareholders’ support helps Singapore Air beat pandemic
Bloomberg The day after Wuhan went into a lockdown in January 2020, Singapore Airlines Ltd Chief Executive Officer Goh Choon Phong called a crisis meeting at Airline House, the company’s massive, factory-like headquarters at the end of Changi Airport’s runways. The question to be answered: How bad is this going to be? Within weeks, as China locked down more …
Read More »Alibaba replaces Lazada CEO in SE Asia shakeup
Bloomberg Alibaba Group Holding Ltd replaced Lazada Group Chief Executive Officer Chun Li with the head of its Thailand business and one-time business assistant to Alibaba CEO Daniel Zhang as competition in Southeast Asia intensifies. James Dong, 42, is taking the reins of Lazada, Alibaba’s Southeast Asian arm, with immediate effect while Li will serve as adviser to Lazada …
Read More »Plant milk on cusp of boom as it targets ‘a new demographic’
Bloomberg Plant milk is on the cusp of another boom as the industry courts a huge demographic it has ignored so far: children. Using colourful bottles of oat and pea milk packed with protein and prebiotics, the category is winning over parents. At Ripple Foods, a startup that has raised more than $200 million, its plant-based option for kids …
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