Bloomberg A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns the world’s biggest shipping operations and is working on turning itself into a pure transport company, said that the decision will take effect sometime next year. Maersk shares opened about 4 percent ...

Bloomberg Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in Nova Scotia to Axpo Holding AG, an energy company in Switzerland, ...

Bloomberg India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter said. Officials from the US had discussed the issue of a conditional waiver on sanctions in talks last month in New Delhi, the people said. ...

Bloomberg Meeting Britain’s 2050 climate goals will require the nation to wean itself off using natural gas for heating, but the nation’s electricity system probably won’t cope unless thermal storage technology improves. Reducing greenhouse gas emissions from the heating sector is “one of the toughest challenges the country faces in its low-carbon transition,” according to a report published by the ...

Bloomberg A Texas jury hit Toyota with a $242 million verdict after finding that defects in the front seats of a 2002 Lexus ES300 caused serious injuries to a Dallas family’s two young children during a rear-end collision in 2016. The jury in state court in Dallas awarded $144 million in punitive damages after finding Toyota Motor Corp. and Toyota ...

Bloomberg The worst floods in a century in India’s southern state of Kerala have killed 324 people, caused $2.8 billion in damage and left more than 220,000 homeless since start of the monsoon season in June as the armed forces and rescue teams try to evacuate low-lying areas in which others are still stranded. One of the country’s top tourist ...

Bloomberg The US Justice Department reiterated it wasn’t involved in turning over Low Taek Jho’s $250 million super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined. Federal prosecutors said their only part in the yacht’s handover was to advise the crew members of the “Equanimity” to ...

Bloomberg Amazon’s country manager for India has proposed a radical idea: Log off; get a life. In an email to his team earlier this month, Amit Agarwal counselled colleagues to stop responding to emails or work calls between 6 pm and 8 am in the interest of “work-life harmony.” He also talked about the importance of work discipline and how ...

Bloomberg Walmart Inc. bounced back from a lackluster start to the year with the strongest sales gain in more than a decade fueled by its grocery business, brightening the outlook for the overall retail sector. The stock jumped as much as 11 percent, the most intraday since October 2008. Comparable sales at US Walmart stores rose 4.5 percent in the ...

Bloomberg The head of Boeing Co.’s 737 jetliner programme and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. He’ll be replaced by Eric Lindblad, ...