October, 2022

• 2 October

  RoboSense seeks $150m in new round

    Bloomberg RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter. The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co., said the people, who asked not to be identified …

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• 1 October

  Nord Stream gas leaks may be a new disaster for climate

  

  Bloomberg The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible of three major gas leaks emanating from the pipelines connecting Russia to Germany. Scientists are scrambling to work out just how much methane, one of the most powerful greenhouse …

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• 1 October

  South Africa plans to reduce power cuts

  

    Bloomberg South Africa’s state-owned power utility will reduce power outages over the weekend after diesel deliveries for its open-cycle gas turbines started. Fuel was delivered to PetroSA’s facility in Mossel Bay on the south coast after the vessel berthed Thursday morning, Eskom Holdings SOC Ltd. said in statement on Twitter. The diesel will be transported to the nearby Gourikwa …

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• 1 October

  France wants traders to return millions of barrels of diesel soon

  

    Bloomberg France is looking to replenish its stockpiles of diesel in coming months, another move by a European country to shore up supplies as winter approaches. The French government wants companies to replenish fuel inventories that were released around June as part of a globally co-ordinated stock-draw. The idea is to refill during October and November, a person familiar …

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• 1 October

  TotalEnergies says it could trim its stake in Adani Green

  

    Bloomberg TotalEnergies SE said it could sell a small part of its 20% stake in Adani Green Energy Ltd. to cash in on the jump in the valuation of the Indian renewable energy producer. The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam …

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• 1 October

  Brookfield buys two US renewable-power firms

    Bloomberg Brookfield Asset Management Inc. acquired two US renewable-power companies — Scout Clean Energy and Standard Solar — for a total of $1.54 billion and plans to invest as much as $510 million to further develop those businesses. The deals were made by Brookfield Renewable Partners LP, a publicly traded subsidiary of Toronto-based asset manager, and funded by the …

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• 1 October

  JetBlue’s pursuit of airport slots irked rivals: Southwest

  

    Bloomberg JetBlue Airways Corp decided to partner with American Airlines Group Inc. because of the legacy airline’s access at congested airports in New York, JetBlue Chief Executive Officer Robin Hayes told a Boston court. The alliance, which is being challenged by the Justice Department in federal court in Massachusetts, rankled rival Southwest Airlines, which had unsuccessfully sought to raise …

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• 1 October

  Amazon raises hourly wages to $19 an hour

  

    Bloomberg Amazon.com Inc. announced a pay increase for hourly workers in the US that it says will take average starting wage for most front-line employees in warehousing and transportation to more than $19 an hour. The company’s minimum level of $15 an hour for all hourly workers in the US remains unchanged. For jobs in Amazon’s customer fulfilment and …

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• 1 October

  Ryanair ready to relocate planes from UK if pound hits demand

  

  Bloomberg Ryanair Holdings Plc said it’s ready to redeploy aircraft from Britain to more vibrant markets if the pound’s collapse, soaring inflation and higher interest rates begin to undermine travel demand there. The economic situation in Ryanair’s biggest market has become challenging following the turmoil unleashed by Prime Minister Liz Truss’s new fiscal policy, with concerns about the impact of …

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• 1 October

  Next cuts guidance as inflation weighs on UK consumers

  

  Bloomberg Next Plc issued its second profit warning this year due to soaring inflation and a devaluation of the pound which has undermined consumer confidence. The British clothing and housewares chain said that profit for the year will total £840 million ($905 million), compared with previous guidance of £860 million. Full-price sales in the second half are expected to drop …

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