September, 2020

• 5 September

  Apple, Google update Covid-19 alert system to increase adoption

  

  Bloomberg Apple Inc. said the ability to use contact tracing without an app will roll out to iPhones, while Google said Android devices will get this capability in a more limited form later this month. The companies said this will increase adoption of the system, which has begun to identify Covid-19 exposures. It will still only work in regions where …

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• 5 September

  French, Spanish car sales drop

  Bloomberg Car sales fell in France and Spain in August, erasing gains made during the previous months and damping hopes for a rapid recovery from the coronavirus pandemic in Europe. French passenger car registrations dropped by a fifth compared with the same month last year, according to CCFA figures. The total of 103,635 was the lowest since May, when showrooms and …

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• 5 September

  Amazon buys electric Mercedes vans in green effort

  

  Bloomberg Amazon.com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe. The deal, for the German automaker’s eSprinter and eVito models, will be complete by the end of the year, Amazon said in a statement. It comes two years after Amazon …

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• 2 September

  Germany raises $7.7bn from debut green bond

  

  Bloomberg Germany racked up near-record demand for a bond sale in its debut green debt offering, grabbing nearly a tenth of the growing global market. It raised $7.7 billion from the 10-year sale, with demand more than five times that at 33 billion euros. The strong investor interest meant it priced one basis point tighter to the existing conventional bond. …

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• 2 September

  Oil climbs on signs US crude stockpiles drop

  

  Bloomberg Oil rises on signs a glut was easing with US crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this year if confirmed by government data. Yet, there are lingering concerns about …

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• 2 September

  China’s record oil imports poised to end as teapots use up quotas

  

  Bloomberg China’s record haul of crude is poised to end as state-issued allowances for imports dwindle, potentially taking the wind out of the uneven recovery across global oil markets. The world’s biggest importer will ship in much less crude in September and October than it did in May and June, with private refiners seeing purchases drop as much as 40%, …

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• 2 September

  Indian explorer’s profit slumps on oil price crash

  

  Bloomberg Oil & Natural Gas Corp (ONGC) posted a 92% plunge in profit after crude prices crashed, production declined and demand for natural gas took a hit from a nationwide lockdown. Net income was 4.96 billion rupees ($68 million) in the three months ended in June, compared with 59.8 billion rupees a year ago, according to a company filing. Revenue …

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• 2 September

  Airbus jet use shows China props up ‘recovery’

  

  Bloomberg A snapshot of Airbus SE plane use outlines a tentative recovery still dependent on China, and continued challenges for wide-body aircraft as carriers adjust to a lack of demand. Of the 10,404 Airbus planes in global fleets, almost two-thirds had flown at least once in the previous five days, according to an August 24 newsletter sent by the European …

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• 2 September

  Chinese shoppers splash on luxury goods, not on ‘eat out’

  

  Bloomberg Chinese consumers are back to binging on luxury handbags, cosmetics and cars. But this shopping enthusiasm is not extending to mass consumption in sporting goods and restaurants. An uneven recovery is under way in China as the world’s biggest consumer market also becomes one of the first nations to rebound from the coronavirus pandemic that continues to ravage the …

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• 2 September

  Whole Foods opens delivery-only facility

  

  Bloomberg Whole Foods Market opened a location in Brooklyn that it’s calling a store — except shoppers won’t be welcome to walk the aisles. Instead, the Amazon.com Inc-owned organic grocer will use the facility, located in the New York borough’s Sunset Park neighbourhood, as a warehouse to fulfill online grocery orders, the company said in a blog post. Amazon bought …

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