July, 2020

• 11 July

  Tesla scrutinised by German court over Autopilot claims

  

  Bloomberg Tesla Inc.’s promotion of its driver-assistance system Autopilot is under scrutiny in Germany, where a court is scheduled to rule next week on whether the carmaker is misleading consumers. The maker of the Model 3 sedan says that Tesla vehicles have full potential for autonomous driving. The company also has promoted its cars as having the ability to perform …

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• 11 July

  Amazon’s plan for a fleet of 3,236 satellites wins backing of FCC chair

  

  Bloomberg Amazon.com’s plan for a fleet of 3,236 communications satellites won the backing of the US Federal Communications Commission (FCC) chairman, who said he had asked fellow commissioners to approve the venture. “Satellite constellations like this aim to provide high-speed broadband service to consumers in the US and around the world,” Ajit Pai said in a tweet. Pai added that …

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• 11 July

  Google wins Renault contract in first major French cloud deal

  

  Bloomberg Google has won a multi-year deal to store Renault SA’s manufacturing data, marking the US tech company’s first major industrial cloud deal in France. The Alphabet Inc. unit will gather data from Renault factories, robots and supply chains, the companies said. Google called the contract the largest of its kind globally, though both businesses declined to comment on how …

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• 11 July

  Daimler may need to cut 15,000 jobs

  Bloomberg Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of coronavirus pandemic. The move to unload the home of the Smart two-seater will result in a negative one-time effect of roughly $562 million in the second quarter, Daimler said. It doesn’t expect an impact on …

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• 9 July

  Oil hits $41 as new virus cases weigh against demand return

  

  Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to …

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• 9 July

  India plans to raise $2.7bn selling stakes in two firms

  

  Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who …

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• 9 July

  French firms find greener way to make hydrogen

  

  Bloomberg As the European Union launches a new push to make hydrogen one of the clean fuels of the future, two French industrial giants say they’ve found the right project to rapidly scale up the nascent industry. Engie SA and Air Liquide SA want to build solar farms big enough to power 450,000 homes in France’s sun-drenched Provence region, with …

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• 9 July

  Japan plans to link coal-power with green goals

  

  Bloomberg The Japanese government was expected to finalise a policy review on Thursday that sustains some support for new overseas coal-power projects, according to people with knowledge of the situation. In a concession to climate-change concerns, the new policy will include for the first time a requirement that recipient countries commit to long-term “decarbonisation” plans, according to the people, who …

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• 9 July

  Energy Transfer vows to keep pipeline open after court order

  

  Bloomberg Two days after a judge ordered the controversial Dakota Access oil pipeline to shut by early August, its owner Energy Transfer LP is continuing to schedule shipments and has made no moves to take it offline. The Dallas-based company run by billionaire Kelcy Warren said that it’s not currently emptying the pipeline and, in fact, is accepting requests for …

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• 9 July

  Coal, oil, gas don’t just burn to cause climate change

  

  Bloomberg Discussions about how to fight climate change almost always conclude with a lament over the “lack of political will.” It’s as if the roadblock preventing these clean-tech visions and white-paper dreams from becoming market-driven reality is an irrational, unforeseen hiccup. That’s a comforting fallacy. The lack of political will is the whole point: Climate change is a problem caused …

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