September, 2021

• 26 September

  UK fuel crisis deepens as PM mulls easing truckers visas

  

  Bloomberg Petrol shortages are worsening in parts of the UK as more stations run dry following panic buying, as the government considers easing visa rules to attract truck drivers from Europe. Britain is short about 100,000 heavy goods vehicle (HGV) drivers licensed to operate trucks or lorries, the Road Haulage Association has estimated. To start plugging the gap, Prime Minister ...

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• 26 September

  Damage at US soybean meal export hub may take months to fix

  

  Bloomberg Shipments from a US West Coast terminal that handles almost 20% of the nation’s soybean meal exports have been curbed while damage from a crane collapse earlier this month is repaired, marking the latest setback to global trade flows. A loading boom at farm cooperative Ag Processing Inc’s export facility in Aberdeen, Washington, fell September 1 as a bulk ...

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• 26 September

  Germany slashes planned debt sales in Q4 by $4.7bn

  Bloomberg Germany cut planned debt sales in the fourth quarter by 4 billion euros ($4.7 billion), suggesting the surge in borrowing triggered by the coronavirus pandemic is receding. The federal government will raise 1 billion euros less in 15-year bonds, and trim sales of short-term discount paper by 3 billion euros compared with a plan published at the end of ...

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• 26 September

  Astra picks Ireland to build new factory in blow to UK

  

  Bloomberg AstraZeneca Plc will invest $360 million building a new manufacturing facility for small molecules in Dublin, dashing UK hopes that the drugmaker would develop the site at home. The plant will ensure that Astra’s global supply network can meet the needs of its pipeline of new medicines, the company said in a statement. The facility will create 100 highly ...

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• 26 September

  Italian electricity prices hit record highs

  Bloomberg Italian electricity prices traded near record highs, heightening government concerns about the impact soaring energy costs will have on consumer power bills. The average weekly price of power soared 17% to 163 euros ($191) per megawatt-hour last week, according to data from the country’s Energy Market Manager. Power prices are expected to climb 40% in the third quarter, Ecological ...

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• 26 September

  Employers baffled as US benefits end, jobs go begging

  

  Bloomberg Emergency unemployment benefits in the US expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in. Federal programs that had offered an extra $300 per week for jobless Americans, provided extended benefits for the long-term unemployed and gave special aid for the self-employed expired on September 6. ...

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• 26 September

  Facebook spent $13 billion on safety, security

  

  Bloomberg Facebook Inc said it has spent more than $13 billion on safety and security efforts since the 2016 US election, and now has 40,000 employees working on those issues. The 40,000 safety and security workers include outside contractors who focus on content moderation, a spokesman said. Facebook said it had over 35,000 safety and security employees in October 2019. ...

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• 26 September

  Ford, Redwood to partner on recycling EV battery materials

  

  Bloomberg Redwood Materials Inc, the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles. The goal of the partnership is to create a closed loop for EV battery production within the US. Ford will ...

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• 26 September

  Mercedes-Benz plans $8.2bn European battery venture

  

  Bloomberg Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) and secure supplies for electric Mercedes-Benz cars. The world’s biggest luxury-car maker will take a 33% stake in battery manufacturer Automotive Cells Company, whose projects will be financed through equity, debt ...

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• 26 September

  Apple Watch series 7 may be delayed

  Bloomberg Apple Inc’s upcoming smartwatch is suffering production snags as manufacturers adjust to a new design, likely leading to shipment delays or supply constraints, according to a person familiar with the situation. The device is expected to have a larger screen, alongside a faster processor, Bloomberg has reported. The upgrade has brought manufacturing challenges, according to the person, who asked ...

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