Bloomberg Strong growth in global demand for renewable fuels offers a great opportunity for suppliers in Australia, the second-largest exporter of canola seed, according to one of the country’s biggest crop shippers. While the US is the largest market, “we are seeing very strong growth across Asian markets and into China, and I think it creates a great opportunity …

  Bloomberg Enel SpA is weighing a sale of its operations in Peru as it seeks ways to cut debt and fund new investments, according to people familiar with the matter. Italy’s largest utility is working with advisers on the potential disposal, which could be valued at about $5 billion, the people said. The asset has drawn preliminary interest from …

  Bloomberg Two Russians and a Ukrainian citizen were found guilty by a Dutch court of carrying out the deadly attack on Malaysia Airlines flight MH17 in 2014, in a judgment set to further inflame tensions between the West and the Kremlin. Judges in the Hague ruled that Igor Girkin, Sergey Dubinskiy and Ukraine national Leonid Kharchenko caused a missile …

  Bloomberg Elon Musk’s SpaceX is in talks to raise a funding round that values the rocket-launch and satellite company at more than $150 billion. The transaction being discussed represents a jump from the $125 billion valuation the company commanded earlier this year. Terms including the price haven’t been finalised and could still change. Shares are being discussed at roughly …

  Bloomberg Fairfax India Holdings Ltd. is considering an initial public offering for Bangalore International Airport Ltd. (Bial) that could value the asset at about 300 billion rupees ($3.7 billion), according to people familiar with the matter. The Indian arm of Canadian investment group Fairfax Financial Holdings Ltd. is working with an adviser on the potential listing that could take place …

  Bloomberg “No one is safe.” So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history. The mood, especially in the hard-hit devices team, reflected the shock and dismay of people more accustomed to growing budgets and moonshots than talk of recession and austerity. Devices chief Dave …

  Bloomberg Swiss watch exports grew at a slower pace in October as shipments to China declined, suggesting a slight moderation in demand for high-end timepieces. Shipments rise 6.7% to $2.4 billion last month, the Federation of the Swiss Watch Industry said. Exports are up 12% in the first ten months of the year, on track for a record. Demand …

  Bloomberg Banks will return €296.3 billion ($308 billion) of cheap loans to the European Central Bank after their terms were toughened to help the battle against record inflation. The repayment represents just under 15% of the total outstanding amount of so-called TLTRO loans, which were used during the pandemic to keep credit flowing to households and businesses. The median …

  Bloomberg Chinese regulators asked banks to report on their ability to meet short-term obligations after a rapid selloff in bonds triggered a flood of investor withdrawals from fixed-income products. The unscheduled regulatory queries coincided with the biggest decline in China’s short-term government bonds since mid-2020. The slump — spurred by a shift towards riskier assets including stocks — prompted …

Bloomberg Flexibility is vital to attract talented female employees as many have altered their lifestyles and requirements following the Covid-19 pandemic, according to executives in the financial services industry. Kobkarn Wattanavrangkul, chairperson at Kasikornbank Pcl, said employers must pay more attention the new needs and adapt quickly to recruit well and sustain growth. Meanwhile Narisa Chauvidul-Aw, chief executive officer and …