June, 2018

• 13 June

  Gatwick spends $1.5bn to add 7mn more passengers

  

  Bloomberg London’s Gatwick airport plans to spend 1.11 billion pounds ($1.5 billion) on expanding the capacity of its two terminals by 7 million passengers within five years. The world’s busiest single-runway hub will devote much of the cash to lengthening one of the piers at its North Terminal, used by airlines including EasyJet Plc and Virgin Atlantic Airways Ltd., to …

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• 13 June

  Amazon’s clever machines moving from warehouse to HQ

  

  Bloomberg Amazon.com Inc. has long used robots to help humans move merchandise around its warehouses. Now automation is transforming Amazon’s white-collar workforce, too. The people who command six-figure salaries to negotiate multimillion-dollar deals with major brands are being replaced by software that predicts what shoppers want and how much to charge for it. Machines are beating people at the critical …

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• 12 June

  Arab coalition destroys Houthi missile base

  HODEIDAH / WAM Arab Coalition Forces have destroyed a ballistic missile base belonging to Iranian-backed Houthi militias on the outskirts of the Al-Garahi district. Coalition forcers led by Saudi Arabia, and supported by UAE Armed Forces, targeted several positions and military machinery belonging to the Houthi militias, resulting in killing 47 militia elements and dozens of casualties. Yemeni resistance forces …

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• 12 June

  Next up in China’s clean-air push is gas pipeline giant

  

  Bloomberg China’s push to eradicate smog by using more natural gas is set to get a boost as it pushes ahead with a plan to merge under one company a national pipeline network that would unify transport and investment decisions. Regulators are aiming to announce a decision before winter to combine oil and gas pipeline assets owned by its three …

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• 12 June

  Russia boosts oil output to 14-month high

  

  Bloomberg Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement. The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the …

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• 12 June

  Solar beats gas, wind as biggest source of new US power

  

  Bloomberg Despite tariffs that President Trump imposed on imported panels, the US installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report on Tuesday from the Solar Energy Industries Association and GTM Research. That accounted …

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• 12 June

  Sempra Energy soars on Elliott’s bid to streamline and sell assets

  

  Bloomberg Sempra Energy shares had their biggest ever intraday gain as Elliott Management Corp. and Bluescape Resources called for a sweeping overhaul, including selling the company’s Mexican and South American utilities and spinning off its US liquefied natural gas business. The two activist funds together hold a 4.9 percent interest in Sempra — whose assets include San Diego Gas & …

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• 12 June

  Single European power market gets closer

  Bloomberg The European Union’s vision of a single energy market will move a step closer on Tuesday with the start of a joint market for electricity delivered on the same day. The project, which requires close cooperation between rival exchanges and grid operators, will link 14 national markets from Latvia to Germany and Portugal. Most other European countries are scheduled …

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• 12 June

  US stocks mixed as traders look past North Korea news

  

  Bloomberg The meeting between President Donald Trump and Kim Jong-un was met with a collective shrug by global markets, which appear to be more fixated on a host of macro events and data due in a few days. The S&P 500 Index rose slightly early on Tuesday, while the Dow Jones Industrial Average slipped and yields on 10-year Treasuries pushed …

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• 12 June

  FANG insiders to sell more than $5 billion of stock

  

  Bloomberg Insiders at tech heavyweights led by Facebook Inc.’s Mark Zuckerberg are selling stock at the fastest pace in six years, cashing in on buoyant equity markets. Senior executives and directors of Facebook, Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. have disposed of $4.58 billion of stock this year, according to data compiled by Bloomberg. They’re on track …

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