March, 2022

• 14 March

  Xiaomi, Oppo, Vivo in talks to make phones in India for export

  

  Bloomberg Three of China’s largest smartphone brands have opened discussions with Indian manufacturers about making phones locally for global export, a concrete step towards establishing the country as a hub for electronics production. Xiaomi Corp, Oppo and Vivo are holding talks with Indian contract phone-makers, hoping to take advantage of cash incentives readily available to local firms. If they go …

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• 14 March

  Panasonic readies new battery Tesla sees as key to $25,000 EVs

  

  Bloomberg Panasonic Corp is gearing up to become a major manufacturer of a new, more powerful battery championed by Tesla Inc. that the Japanese electronics maker says meets the demands of its high-flying customer. Over the past year and a half, Panasonic has been working to develop a bigger “4680” battery it intends to sell to the American electric carmaker. …

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• 14 March

  AT&T outlines ‘new era’ with focus on 5G, broadband growth

  

    Bloomberg AT&T Inc, which is returning to its roots as a pure telecom company, showed investors how it plans to balance expanding broadband services while paying for network upgrades and a $8 billion dividend. AT&T Chief Executive Officer John Stankey says the spinoff of WarnerMedia in the coming weeks will mark the “starting line of a new era” for …

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• 14 March

  Ford sees US sales falling 12% this year

    Bloomberg Ford Motor Co projects a 12% drop in US sales this year as production bottlenecks worsen, Automotive News reported. Executives told dealers they now see US deliveries of 1.66 million vehicles this year, down from 1.9 million in 2021, the publication said, citing two people present at the meeting. The US automaker has already lost 100,000 units of …

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• 12 March

  France weighs fresh move to nationalise $30b power giant

  

    Bloomberg The French government is considering whether to revive an ambitious plan to nationalise debt-laden Electricite de France (EDF) SA and reorganise its business with a focus on nuclear production, people with knowledge of the matter said. The energy market chaos exacerbated by the Russian invasion of Ukraine is giving fresh impetus to France’s long-mooted push to restructure its …

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• 12 March

  China Three Gorges weighs $2b IPO of Brazil unit

  

    Bloomberg China Three Gorges Corp is exploring an initial public offering of its Brazilian unit as the Chinese energy giant seeks to raise funds for expansion in Latin America, according to people familiar with the matter. The Chinese state-owned company has held talks with prospective advisors to prepare for the potential share sale in Sao Paulo, which could raise …

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• 12 March

  Indonesia explores new coal markets with buyers shunning Russia

  

    Bloomberg Indonesia, the world’s top coal exporter, is exploring new markets outside its typical strongholds in Asia-Pacific as buyers seek alternatives to Russian supplies after its invasion of Ukraine. Miners have been contacted by buyers in some Western and European countries as a substitute for Russian supplies, Hendra Sinadia, deputy executive director of the Indonesian Coal Mining Association, said …

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• 12 March

  Eskom CEO holds talks on new projects

  

    Bloomberg The head of South Africa’s state power utility held discussions with the World Bank as it explores options for transitioning from coal-fired stations to cleaner sources of energy. Eskom Holdings SOC Ltd CEO  Andre de Ruyter travelled to the bank’s headquarters for the talks. The power utility supplies more than 90% of the country’s electricity, the bulk of …

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• 12 March

  Russian official deepens $10b puzzle over leased aircraft

  

    Bloomberg Off-the-cuff remarks made by a Russian air-safety official, quickly disavowed by the nation’s industry watchdog, have added to the uncertainty over the fate of some $10 billion in foreign-owned aircraft being held in the country. Valery Kudinov, who heads airworthiness maintenance at Russia’s Federal Air Transport Agency, outlined what appeared to be a plan taking shape for the …

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• 12 March

  United to let unvaccinated employees return to jobs

  

    Bloomberg United Airlines Holdings Inc will allow 2,200 unvaccinated employees to return to their jobs this month, saying there are signs that the Covid-19 pandemic is “beginning to meaningfully recede.” Workers who were granted religious or medical exemptions and put on unpaid leave can resume working on March 28, Kirk Limacher, United’s vice president of human resources, said in …

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