Bloomberg Noble Energy Inc shareholders approved the company’s acquisition by Chevron Corp, cementing one of the US oil industry’s biggest transactions this year. The vote during a virtual shareholder meeting came despite opposition from Elliott Management Corp. The activist hedge fund was said to seek a break-up of the deal because it thought Chevron wasn’t paying enough. The biggest proxy-advisory ...

Bloomberg The nuclear industry should tap into rising investor interest in hydrogen-fuel to revive the flagging prospects of reactor operators in an increasingly crowded marketplace for clean power. That was the message delivered by executives and scientists who convened at the International Atomic Energy Agency (IAEA). Higher demand for hydrogen from industry and heavy transport could make production of the ...

Bloomberg Suncor Energy, Canada’s biggest oil-sands producer, will trim 10% to 15% of its workforce in the next 18 months, joining a long list of energy companies in Alberta that have announced layoffs following a collapse in fuel demand due to the virus. Suncor had already been preparing for a smaller workforce but the planned cuts, which could affect as ...

When Boris Johnson announced on March 27 that he’d tested positive for Covid-19, Brits were in shock, much as Americans were when they heard President Donald Trump was infected. The UK prime minister was the first leader of a major country to be hospitalised with the virus, an event that was characterised as “routine” at first before the illness took ...

In recent weeks, India’s government has shown unusual amounts of energy in pushing through long-awaited economic reforms. The last session of Parliament — cut short when several MPs tested positive for Covid-19 — was exceptionally productive. Two labour-law amendments were passed, as was a package of measures addressing the agricultural sector. However you look at it, these moves take India ...

In many cases, the pandemic has served to entrench the previously existing winners and losers in the retail sector. Chains such as Macy’s Inc and Kohl’s Corp, already deeply challenged before the public health crisis, look no closer to a turnaround. Walmart Inc and Target Corp, meanwhile, have solidified their dominance with turbocharged sales. Against that backdrop, the latest quarterly ...

A federal judge in California has struck down President Donald Trump’s executive order barring many types of visa entrants into the US. As a reminder, Trump issued this order in June because of the supposed threat foreign workers pose to native-born employment during the Covid-19 pandemic. The decision flatly contradicts a different ruling last month by a different federal district ...

Bloomberg Walmart Inc’s 1999 acquisition of Asda looked set to disrupt the UK supermarket business, with the US retailer using its deep pockets to shake up entrenched players like Tesco Plc and J Sainsbury Plc. The purchase never quite lived up to the hype. Asda struggled to defend its market share against bigger rivals and the German discounters Aldi and ...

Bloomberg Airbus SE is under pressure to carry out its job-cutting plan as the prospects for the aviation industry deteriorate, Chief Operating Officer Michael Schoellhorn said in an interview with Handelsblatt. The planemaker’s plan to eliminate 15,000 positions is “the minimum of what we have to do,” Schoellhorn said, adding that the company currently has no plans to expand the ...

Bloomberg Ethiopian Airlines Group is willing to provide planes, pilots and maintenance services to beleaguered rival South African Airways as part of a joint venture with that country’s government. Africa’s biggest airline is offering operational assistance, Ethiopian CEO Tewolde GebreMariam said in an interview in Addis Ababa. The carrier isn’t interested in helping with debt repayments or the cost of ...