October, 2022

• 22 October

  BP to acquire US biogas producer

    Bloomberg BP Plc agreed to acquire biogas producer Archaea Energy Inc. for about $4.1 billion including debt, the latest step in the UK energy giant’s expansion into into lower-carbon fuels. BP will pay $26 per share, a 38% premium to the average share price in the 30 days to Oct. 14, Archaea said in a statement. The Houston-based company, ...

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• 22 October

  Indonesia eyes sugarcane-mixed biofuel to cut emission

  

    Bloomberg Indonesia plans to sell biofuels made from a blend of sugarcane extract and oil from next year as the world’s largest exporter of dirty coal seeks to reduce emission and curb fuel imports. State-owned oil and gas firm PT Pertamina Persero will begin selling A20 fuel, which is a mix of 80% gasoline, 15% methanol derived from natural ...

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• 22 October

  The one thing Xi needs to give Chinese tech firms

  

  Every Chinese leader stamps their mark on the country they rule for five, 10, (or 15) years. Xi Jinping’s brand is indelible, but the technology companies which have powered China’s economic rise over the past decade will be searching for clues on how to navigate his third term. When Xi took power in March 2013, Tencent Holdings Ltd. stood at ...

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• 22 October

  Apps bury the case for pan-Asian currency

  

    Unrealistic as it was technically, the idea of a pan-Asian currency always had some political support: Since 2005, the Japanese have published the exchange value of something called the Asian Monetary Unit, a precursor to what would one day become the region’s equivalent of the euro. The debt crisis in southern Europe — and the threat it posed to ...

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• 22 October

  US Supreme Court will end the era of college diversity

    At the end of this month, the US Supreme Court is poised to hear arguments in two closely watched cases on affirmative action in higher education. They’re widely expected to overturn the 1978 case that allowed racial diversity to become an organizing principle for college admissions. Like Roe v. Wade, Regents of the University of California v. Bakke is ...

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• 22 October

  There is a growing need to build a better flu shot

    It’s the time of year when US public health officials are practically begging people to go out and get a flu vaccine. This year, their message is particularly urgent: Protect yourself now because the country might be in for a bad flu season that coincides with a resurgence in Covid cases. Last week, I took their advice and got ...

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• 22 October

  Air India plans to triple its fleet of 113 jets in five years

  

  Bloomberg Air India Ltd is planning to triple its fleet of 113 aircraft over five years as the money-losing carrier prepares to transform the business following its takeover by India’s largest conglomerate, the Tata group. “The airline is in discussions with aircraft and engine manufacturers on procuring new aircraft,” Air India Chief Executive Campbell Wilson said in New Delhi. “I ...

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• 22 October

  Branson says first UK space launch on course for next month

  

    Bloomberg Britain’s first-ever space launch is on track to take place before the end of November, according to billionaire entrepreneur Richard Branson, whose Virgin Orbit Holdings Inc. will undertake the mission. “We plan to launch our first satellite into space from European soil within six weeks,” Branson said at a press conference in Milan. “We are pretty much ready.” ...

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• 22 October

  Airbus targets US with its smallest A220 business jet

    Bloomberg Airbus SE is targeting the US with its smallest A220 business jet in a bid to make up for Russian sales lost after the invasion of Ukraine. The European planemaker will put extra resources into promoting the A220 when the corporate version, or ACJ, enters service in the first half of next year, betting that the aircraft is ...

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• 22 October

  Amsterdam’s Schiphol Airport to limit passenger flow until April

  

    Bloomberg Amsterdam’s Schiphol Airport is further limiting passenger numbers until the end of March as it continues to struggle with staff shortages. The Dutch arm of Air France-KLM said the newly announced caps will mean a reduction of as much as 22% for the winter season and the period up until March. The airport operator had already reduced the ...

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