August, 2020

• 5 August

  Europe stocks, US futures advance; gold tops $2,000

  

  Bloomberg European stocks climbed to a one-week high and US futures rose as investors focused on US-China trade discussions and American lawmakers making progress on an economic aid package. The Stoxx Europe 600 Index posted broad-based gains, with travel companies, commodity producers and retailers leading the charge. Bank of Ireland Group Plc rallied as the lender’s chief executive officer suggested ...

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• 5 August

  India’s top performing telecom stock is also its biggest money loser

  

  Bloomberg For investors riding a rally in India’s wireless carriers, the best returns are coming from an operator that’s warned it may collapse without help from the government. Although Vodafone Idea Ltd. hasn’t made a profit since 2017 and ended last fiscal year with a record $10 billion loss, its shares have more than doubled in the past three months. ...

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• 5 August

  Bank of Ireland’s shares gain

  Bloomberg Bank of Ireland Group Plc shares rose the most in almost two months, as the lender’s CEO suggested the economy is proving more resilient than expected in face of coronavirus. The company’s shares rose as much as 11% in Dublin to 2.04 euros, the highest level since June 8, giving Ireland’s biggest lender a market value of 2.2 billion ...

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• 4 August

  Operation of nuclear reactor is a milestone in UAE-US cooperation

  

  WASHINGTON / WAM Yousef Al Otaiba, UAE Ambassador to the US, has said that the start-up of Unit 1 at the Barakah Nuclear Energy Plant is an outstanding milestone in the history of fruitful cooperation between the UAE and the US in the peaceful nuclear energy field. In his statement following the recent successful startup of Unit 1 of the ...

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• 4 August

  Oil falls after biggest gain in two weeks

  Bloomberg Oil dropped towards $40 a barrel in New York after the biggest gain in two weeks as investors weighed additional Opec+ supply hitting the market against signs of a recovery in major economies. Opec’s crude output rose last month, led by Saudi Arabia, ahead of the group and its allies relaxing their historic cuts this month, according to a ...

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• 4 August

  BP cuts dividend as coronavirus hastens moves to curb oil output

  

  Bloomberg BP Plc slashed its dividend for the first time in a decade and set out new targets to accelerate its shift to greener energy after the coronavirus pandemic upended the oil business. The u-turn in its dividend policy was expected after European peer Royal Dutch Shell Plc slashed its own payout in April. Big Oil’s generous dividends have long ...

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• 4 August

  Europe weighs higher targets for green energy

  

  Bloomberg Europe may lock-in raised targets for renewables and energy efficiency as part of its Green Deal strategy to zero-out greenhouse gases by the middle of the century. The European Union’s executive on Tuesday outlined options on how existing laws could be revised to accelerate the ambitious environmental clean-up. The findings will complement a wider look at toughening the EU’s ...

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• 4 August

  Singapore firm seeks to give solar power an edge

  

  Bloomberg A Singapore startup is seeking to connect potential buyers and sellers of solar power directly. Electrify Pte’s platform lets owners of homes and businesses bid and offer rates for specific amounts of electricity. By selling directly to users rather than the grid, solar owners can get more money for their power, while consumers avoid paying a premium for renewable ...

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• 4 August

  EasyJet expands its summer schedule on travel rebound

  

  Bloomberg EasyJet Plc is seeing a stronger than anticipated rebound in passenger demand following the lifting of lockdowns, prompting it to accelerate the addition of flights. The stock rose the most in two months after EasyJet said that its aircraft flew 84% full in July. With bookings for late summer ahead of projections the carrier will operate 40% of capacity ...

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• 4 August

  Southwest pulls back on jet cleanup to save time

  

  Bloomberg Southwest Airlines Co has scaled back its aircraft-cleaning procedures between flights to prevent reduced staffing and busier operations from keeping aircraft on the ground longer than scheduled. Starting from August 1, Southwest stopped wiping down arm rests and seat belts after every flight, as well as other areas around seats that had been occupied. Tray tables and lavatories, considered ...

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