June, 2022

• 17 June

  Enoc plans to expand its innovative eLink stations

  

    Dubai / WAM Enoc Link, the digital mobile fuel supply service for businesses and consumers in the UAE by Enoc group, on Thursday revealed its expansion plans for the eLink stations. The eLink station is a mobile fuelling format that enables motorists and customers with easy access and convenient fuelling services. Enoc Link has ambitious plans of opening ten ...

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• 17 June

  Russia’s oil revenue jumps to $20 billion in May, says IEA

  

    Bloomberg Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency (IEA). That’s a 11% increase from a month earlier, taking Russia’s total revenue for shipping crude and oil products roughly back to levels before the invasion of Ukraine, ...

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• 17 June

  TotalEnergies establishes Gabon forestry carbon offsets venture

  

    Bloomberg TotalEnergies acquired 49% of Gabonese logging firm Compagnie des Bois du Gabon, the French oil major’s first foray into Gabon’s forestry sector. TotalEnergies, which has been pumping oil in the central African country for more than 80 years and is its leading fuel retailer, said it is joining forces with CBG to develop a new forest management model ...

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• 17 June

  Caterpillar, Boeing show headquarters don’t matter

  

    The headquarters moves by Caterpillar Inc. and Boeing Co are a sign of how detached the corporate mailbox is becoming from industrial companies’ core manufacturing operations. Caterpillar announced that it would move its global headquarters to an existing office in Irving, Texas — part of the Dallas-Fort Worth area — from its current location in the Chicago suburb of ...

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• 17 June

  Who’s got it right on EVs: Tesla or BYD

  

  Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co was a legitimate competitor. Oh, how the mighty have fallen. Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. A BYD executive said that his company was “preparing to supply batteries to Tesla very soon.” The potential deal will ...

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• 17 June

  China’s tech stocks are both a buy and a sell!

    There’s a lot of renewed belief that the sky has cleared for Chinese technology companies, and that now’s a good time to jump back into one of the most lucrative investment categories of the past decade. There are also plenty of reasons to remain skeptical. So the choice comes down to investors believing in climate change, though not in ...

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• 17 June

  Is Putin’s war more like the WWI or WWII?

    Beware the “lessons of history” as drawn by charlatans, ignoramuses or tyrants, for they will be daft, wrong and possibly disastrous. The self-serving amateur historiography of Russian President Vladimir Putin is an example. Last year, he invented a narrative “On the Historical Unity of Russians and Ukrainians,” which was subsequently revealed as one of the hallucinations that made him ...

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• 17 June

  Airbus looks set to win A350 jet deal from Tata’s Air India

  

    Bloomberg Air India Ltd is polling pilots on whether they want to be trained to fly Airbus SE A350 jets, indicating that it intends to operate the model as it looks to renew its widebody fleet under new owner Tata Group. The airline may introduce the A350 by the first quarter of 2023, according to a letter sent to ...

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• 17 June

  Boeing mulls 787 jet over tough air pollution rules

  

    Bloomberg Boeing Co hinted that it’s considering a cargo-hauling version of its 787 Dreamliner to eventually replace 767 freighters, whose engines won’t comply with tougher emissions standards that take effect in 2028. “That’s a natural place for us to look,” Brian Hermesmeyer, freighter customer leader for Boeing’s commercial airplane division, told reporters in a briefing near its plant in ...

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• 17 June

  Online merchants lead Europe retailers back to Covid-19 lows

  

    Bloomberg Europe’s retail stocks are heading back towards pandemic lows. And after the profit warning from Asos Plc and the first UK sales decline in Boohoo Group Plc’s history, it’s online merchants that are leading them there. Asos shares sunk as much as 28%, falling to the lowest since August 2010. The warning sent tremors through larger peer Zalando ...

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