February, 2021

• 20 February

  BofA Treasuries trader Shyam Rajan resigns

  Bloomberg A senior Bank of America Corp. (BofA) bond trader is the latest person to depart from the company’s fixed-income division. Shyam Rajan, head of US Treasury trading, is leaving after more than a decade with the firm. The company named Michael Maras head of global fixed-income, currencies and commodities research after prominent analyst David Woo decided to leave. Wall …

  Read More »
• 20 February

  McLaren’s $258,000 hybrid boasts blazing speed without the guilt

  

  Bloomberg McLaren Automotive will bill its first plug-in hybrid model as offering true supercar performance with hatchback-level emissions. The Artura will start at 185,500 pounds ($258,000) and can drive about 30 kilometers (19 miles) on battery power alone, Chief Executive Officer Mike Flewitt said in an interview. The carmaker expects the car to account for about a third of its …

  Read More »
• 20 February

  Apple in talks to buy self-driving sensors, key step in iCar plan

  

  Bloomberg Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone towards development of its first passenger vehicle. The Cupertino, California-based technology giant is in active talks with a number of potential suppliers for these laser-based sensors that allow a car’s computer to “see” its …

  Read More »
• 20 February

  Publishers turn up heat on Facebook

  

  Bloomberg News publishers are lobbying the European Union (EU) to copy parts of a proposed law in Australia that would force Facebook Inc. and Alphabet Inc.’s Google to pay an agreed price for their content. The publishers want EU lawmakers to force the tech giants into binding arbitration if they can’t agree on payments for snippets of articles shown on the …

  Read More »
• 20 February

  iPhone assembler Foxconn to help launch electric cars

  

  Bloomberg Foxconn Technology Group’s new EV platform is expected to help launch vehicles later this year, a company official said, signifying major progress in the Taiwanese electronics giant’s push into the automotive space. Two light vehicles designed using Foxconn’s platform will be unveiled in the fourth quarter, Chairman Young Liu of Foxconn’s flagship unit Hon Hai Precision Industry Co. told …

  Read More »
• 20 February

  Uber loses UK ruling on drivers in blow to gig economy

  

  Bloomberg Uber Technologies Inc. lost a UK Supreme Court ruling over the rights of its drivers, in a landmark decision that strikes a blow against the gig economy. The judges unanimously ruled that Uber drivers are “workers” entitled to rights like minimum wage, holiday pay and rest breaks. The ruling will have a significant impact on the UK’s burgeoning gig …

  Read More »
• 17 February

  Abu Dhabi records AED74b in real estate transactions in 2020

  

  ABU DHABI / WAM The value of real estate transactions in Abu Dhabi in 2020 totalled AED74 billion, with 19,000 transactions being executed, including sales and mortgages of land, buildings and real estate units for all types of land use, a rise of 28 percent compared to 2019, which recorded a value of AED58 billion. A report by the Department …

  Read More »
• 17 February

  Oil holds near $60 as cold snap halts a third of US crude output

  

  Bloomberg Oil held gains after surpassing $60 a barrel for the first time in a year as a cold snap and power crisis took out a third of US crude production. Some 3.5 million barrels a day of American output has been halted, according to traders and industry executives, as a cold blast freezes well operations and cuts power across …

  Read More »
• 17 February

  UK utilities looking to a future without gas to heat homes

  

  Bloomberg Several UK utilities are lining up to support changes to how households are taxed in Britain for their energy use. In an effort to make electricity cheaper for charging cars and heating homes, the Prime Minister Boris Johnson’s government is considering moving some levies away from power to gas bills. It’s a move that could kick-start the mammoth task …

  Read More »
• 17 February

  Maersk bids farewell to fossil-fuel only ships

  Bloomberg A century after the global shipping fleet ran largely on coal, the world’s largest shipping line is taking a historic step toward not using fossil fuels for propulsion. All newly constructed vessels owned by AP Moller-Maersk will have to be able to use carbon-neutral fuels, such as clean methanol and ammonia, as well as traditional oil-based products, the company …

  Read More »