February, 2023

• 4 February

  Impossible Foods plans to lay off 20% of its workers

    Bloomberg Impossible Foods Inc., the maker of meatless burgers and sausages, is preparing to cut about 20% of its staff. The Redwood City, California-based company currently employs about 700 workers. The new round of dismissals could reduce that amount by more than 100. Impossible Foods offered voluntary separation payments and benefits to employees at the end of 2022, said ...

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• 4 February

  Southwest names new tech chief

    Bloomberg Southwest Airlines Co. named a new executive to oversee technology investments and data platforms, just over a month after the carrier suffered from an operational meltdown that forced it to cancel more than 16,700 flights. Lauren Woods, who has been with the company since 2010, was named chief information officer and senior vice president of technology, taking over ...

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• 4 February

  Battle intensifies over $8b Alaska oil project dubbed ‘carbon bomb’

  

  Bloomberg It’s been called a “carbon bomb” and a caribou killer. Now, climate activists have one final, brief window of opportunity to quash ConocoPhillips’s proposed $8 billion oil development in Alaska. In an unexpected twist, some opponents are quietly encouraging President Joe Biden’s administration to actually approve the project, but in such a scaled-back way that it no long makes ...

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• 4 February

  Pakistan launches $2.7b nuclear plant

  

    Bloomberg Pakistan inaugurated a $2.7 billion nuclear reactor, providing some relief as the nation grapples with an energy crisis. The 1,100 megawatts capacity power plant will generate some of the nation’s cheapest electricity, according to data from regulator National Electric Power Regulatory Authority. The facility was connected to the grid last March. It’s the second unit at the Karachi ...

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• 4 February

  French nuclear output rises to 12-month high

    Bloomberg France’s nuclear power plants were generating at the highest level in nearly a year, providing temporary relief in Europe’s fight to save natural gas this winter. The nation had 45 reactors online on Friday, producing 45,360 megawatts, according to grid operator RTE. That’s the highest since Feb. 11 last year, but about 12% lower than the average of ...

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• 4 February

  Shell sees record 2022 profit

  

    Bloomberg Shell Plc posted a fourth-quarter profit that was well ahead of expectations as its natural gas business thrived, lifting the oil major to a record performance in 2022 fuelled by soaring energy prices. After a bumpy ride earlier in the year amid volatile markets, Shell’s integrated gas unit was firing on all cylinders in the final quarter, delivering ...

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• 4 February

  OMV explores sale of oil, gas assets

    Bloomberg OMV AG is exploring a sale of some international oil and gas assets as the Austrian energy and chemicals company pushes ahead with a long-term goal to pull back from upstream production. The government-backed company is working with advisers to gauge interest in the multibillion-dollar portfolio from private equity and strategic buyers. OMV in March announced plans to ...

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• 4 February

  Asia faces shortage of ships to install offshore mega wind farms

  

  Bloomberg Asian nations counting on offshore wind farms to meet clean energy goals are facing an increasing shortage of ships for installing the massive turbines in the sea. As countries embark on a rapid build-out of wind power in the next decade, builders can’t churn out the support vessels fast enough to keep up, shipping experts say. The situation is ...

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• 4 February

  Apple, Alphabet, Amazon hurt as economic slump hits demand

  

    Bloomberg Technology bellwethers Apple Inc., Amazon.com Inc. and Alphabet Inc. posted results Thursday that show an economic slowdown is throttling demand for everything from electronics and e-commerce to cloud computing and digital advertising. Apple’s sales fell more than analysts predicted during the holiday quarter, slammed by slack purchases of iPhones and Macs. Amazon’s revenue was trimmed by soft consumer ...

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• 4 February

  Google workers protest against job cuts, wages

  

  Bloomberg Google employees staged protests on both US coasts this week to call attention to labor conditions for subcontracted workers and support thousands of co-workers who were recently laid off. Rallies, one held on Wednesday at Google headquarters in Mountain View, California, and another Thursday near Google’s corporate offices in New York City, came after the company announced the largest ...

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