April, 2020

• 11 April

  Australia to boost oil stock to support global market

  

  Bloomberg Australia will increase its oil stock through an agreement with the US to help support the global market, following a video conference with G-20 energy ministers. Energy markets in Australia were operating safely, securely and the government is working with the sector to maintain supply for electricity, gas and liquid fuels, Energy Minister Angus Taylor said in a statement. …

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• 11 April

  India to extend virus lockdown to April 30

  Bloomberg India is set to extend its 21-day nationwide lockdown until April 30 to allow authorities, health workers more time to control growing spread of Covid-19 infections. Delhi’s chief minister Arvind Kejriwal said on Twitter Prime Minister Narendra Modi — who was meeting with state leaders via video conference on Saturday — made the right decision to extend the lockdown, …

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• 11 April

  Trump exhorts allies to ‘Buy American’ first

  

  Bloomberg The Trump administration has a plan for helping drain US storage tanks filling up with crude: Persuade other countries to buy those American barrels first. That “Buy American” pitch is coming in the form of administration officials exhorting foreign allies to prioritise US crude. The effort involves both the departments of Energy and State, said two people familiar with …

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• 11 April

  Australia to boost oil stock in support of global market

  

  Bloomberg Australia will increase its oil stock through an agreement with the US to help support the global market, following a video conference with G-20 energy ministers. Energy markets in Australia were operating safely and securely and the government is working with the sector to maintain supply for electricity, gas and liquid fuels, Energy Minister Angus Taylor said in a …

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• 11 April

  Cairn, Pharos advance in Shell Egypt assets deal

  

  Bloomberg A consortium of Cairn Energy Plc, Pharos Energy Plc and Egypt’s Cheiron Petroleum has proceeded to a second round of bidding for Royal Dutch Shell Plc’s onshore assets in the African country, in a deal that could value the business at as much as $1 billion, people familiar with the matter said. Shell is proceeding with the planned sale …

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• 11 April

  Nigeria ending fuel subsidies

  Bloomberg Nigeria is ending decades of subsidies paid to ensure uniform gasoline prices in Africa’s biggest oil producer with crude prices at historical lows, the state-owned energy company said. Official gasoline prices have been cut twice in as many weeks, a move the Nigerian National Petroleum Corp (NNPC) said was intended to bring them in line with the current market …

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• 11 April

  Apple, Google team up on Covid-19 contact-tracing tech

  

  Bloomberg Apple Inc and Google unveiled a rare partnership to add technology to their smartphone platforms that will alert users if they have come into contact with a person with Covid-19. People must opt in to the system, but it has the potential to monitor about a third of the world’s population. The technology, known as contact-tracing, is designed to …

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• 11 April

  Apps merge as race to control deliveries heats up in LatAm

  

  Bloomberg Latin America’s delivery app wars are intensifying as Brazil’s iFood and a unit of Delivery Hero SE said they will merge operations in Colombia, setting up a battle with SoftBank-backed Rappi Inc on its home turf. Sao Paulo-based iFood and Domcilios.com, a subsidiary of Delivery Hero, said the merger will create one of the largest food delivery companies in …

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• 11 April

  Helicopter service pivots to SUVs during NYC shutdown

  

  Bloomberg With the vast majority of flights out of New York currently canceled and citizens sheltering in place, it would seem there isn’t much use for a helicopter service that’s made a name for itself by transporting the city’s elite above Manhattan gridlock. But Blade Urban Air Mobility Inc quickly adapted to the new way of the world—both to aid …

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• 11 April

  Alphabet’s delivery by drone unit surges

  Bloomberg Alphabet Inc’s Wing unit is seeing a dramatic increase in the number of customers using its drone delivery service in rural Virginia during the Covid-19 pandemic. Wing, which began routine deliveries under a test programme approved by the federal government last October, has added new vendors and expanded the items customers can order to better serve people during the …

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