Bloomberg China is mobilising its vast state-run energy industry to prepare for an economic tussle with the US that could escalate further and might last for years. Top oil executives were busy this week touting the need for energy security, and even discussing the previously far-fetched notion that the nation could be cut off from overseas supplies. The public comments ...

Bloomberg Canadian Natural Resources Ltd has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year. The producer removed all 240 people working in the two sites, halting a combined 65,000 barrels a day of heavy crude, according to a statement. Three years ago, blazes razed entire ...

Bloomberg India’s largest green energy company, ReNew Power Ltd, is considering raising funds through asset sales, after shelving plans for an initial public offering. Backed by Goldman Sachs Group Inc., the company has renewable assets of over 7 gigawatts, of which more than 4 gigawatts are operational. It makes sense to sell some assets when “the ability to execute and ...

Bloomberg Forget drones. The future of deliveries may be robo-vans. A Chinese startup called Neolix kicked off mass production of its self-driving delivery vehicles — saying it’s the first company globally to do so — and has lined up giants such as JD.Com Inc and Huawei Technologies Co as customers. Neolix expects to deliver a thousand of the vehicles, which ...

Bloomberg Volvo Cars has made a multi-million euro investment in Varjo Technologies Oy, whose headset with screens and cameras can be used to allow engineers to test-drive cars to dodge hazards such as virtual moose. Varjo — founded by Nokia Oyj and Microsoft alumni — has been developing an augmented-reality headset with a significantly higher image resolution than those produced ...

Bloomberg Amazon.com Inc is updating its Alexa voice software to let users delete recordings of their voice using a spoken command, a move that follows criticism of the company’s privacy practices related to its digital assistant. A set of updates offers users who have opted in online the ability to say “Alexa, delete everything I said today,” or, in a ...

Bloomberg Microsoft Corp will begin selling a subscription service for personal computer video games, two years after unveiling a similar offering for the Xbox console. Xbox Game Pass for PC offers access to more than 100 titles on Windows 10 for a monthly fee, rather than requiring individual purchases. They include games from studios including Bethesda, which makes the “Elder ...

Bloomberg Judy Shelton, a conservative economist being considered by the White House for a spot on the Federal Reserve’s Board of Governors, isn’t convinced the goals set for it by Congress are relevant for the US central bank. “I would probably be highly skeptical of those,” she said in an interview with Bloomberg, referring to the mandate in the Federal ...

Bloomberg Chinese central bank officials downplayed emerging stress in the financial system following the state takeover of a regional bank, and said depreciation in the currency is under control. Speaking at an event in Beijing, People’s Bank of China Governor Yi Gang said policy makers are “fully capable” of managing risks at small and medium-sized lenders, and the Chinese currency ...

Bloomberg The European Central Bank (ECB) will offer euro-area banks generous terms on its upcoming long-term loans when it meets next week but won’t do anything to soften the impact of negative rates, economists predict. Respondents in a Bloomberg survey said the interest rate on the two-year loans will be below the ECB’s benchmark rate — currently zero — if ...