Bloomberg Hitachi Ltd is poised to withdraw from a proposed UK nuclear power plant, according to Japan’s Mainichi newspaper, the latest blow to the troubled project and the nation’s effort to replace its aging atomic fleet. Hitachi’s board was expected to decide to exit the Wylfa nuclear power project in Wales, Mainichi reported, citing an unidentified person. Work was suspended ...

Bloomberg Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve its climate credentials while easing the pangs of ending decades of an expensive fuel-subsidy regime. Energy prices have shot up sharply after the government ended subsidies and the country’s labour unions are threatening a general strike on September 28. After a 60% loss of ...

Bloomberg US accident investigators who last year urged broad reforms of aircraft certification after two deadly crashes of Boeing Co’s 737 Max have endorsed fixes for the jet proposed last month by the Federal Aviation Administration. A letter from National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said safety reviews by the regulators and proposed changes to pilot procedures had ...

Bloomberg The administrators of South African Airways (SAA) remain in the dark about when the funds the government said it will provide to restart the insolvent national carrier will land. “The government sent a letter to the business rescue practitioners saying that National Treasury and the cabinet had committed to providing 10.5 billion rand ($650 million) in funding for SAA,” ...

Bloomberg Kenya Airways Plc needs at least $500 million to ride out the coronavirus crisis after first-half revenue plunged almost 50%, Chief Executive Officer Allan Kilavuka said in an interview. The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional ...

Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus ...

Bloomberg The pandemic may have wiped out demand for apparel and driven many remaining customers online, but that isn’t stopping Lululemon Athletica Inc from eyeing new brick-and-mortar stores across the US. Unlike some overstretched competitors, the upscale purveyor of yoga pants is still at an early stage of growth, according to CEO Calvin McDonald. In a recent video interview, he ...

Bloomberg By the start of the next decade Google wants to make sure all the electricity it uses for its data centers and offices will be truly 100% carbon free. Under its previous pledge the tech giant has been offsetting its consumption with direct renewable electricity purchases and the associated certificates. On paper, that allowed it to claim it used ...

Bloomberg IPhone users in the US are rushing to install messaging app WeChat days before President Donald Trump is set to ban downloads in the country. WeChat downloads surged to make it the 100th most-downloaded app in the US, according to mobile analytics firm SensorTower. It has typically ranked between 1,000th and 1,500th this year. This is the first time ...

Bloomberg Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behaviour through the Apple Watch gadget and an iPhone app. As part of the scheme, Singapore residents will be able to earn as much as S$380 ($280) in rewards and vouchers by completing goals and ...