February, 2018

• 4 February

  UK airlines scrutinised over fees for advance seat selection

  

  Bloomberg UK airlines’ practice of charging for assigned seats is being scrutinised by regulators amid concerns the policy—which adds as much as 390 million pounds ($550 million) to ticket prices a year—is confusing. An increase in the number of complaints by passengers travelling in groups who are forced to pay to sit together has prompted an examination of “whether consumers …

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• 3 February

  DLD signs international real estate promotion trustee pact

  

  Dubai / Emirates Business Dubai Land Department (DLD) announced a new cooperation and strategic partnership agreement with Medallion Associates LTD. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Masood Al Awar, Chairman and CEO of Medallion Associates LTD, in the presence of senior officials from the two companies and a number of …

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• 3 February

  Apple climbs on demand for iPhone X

  

  Bloomberg Apple Inc. quelled investor concern with results showing solid demand for its flagship iPhone X and a pledge to put its cash hoard to work in buybacks, dividends and acquisitions. The average selling price for the iPhone, Apple’s most important gadget, was $796 in the crucial holiday quarter. That was up from less than $700 a year earlier and …

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• 3 February

  Tesla expands sales of solar gear

  

  Bloomberg Tesla Inc. is planning a major expansion of its solar division at Home Depot Inc., embarking on a critical test of the mainstream appeal of its renewable-energy products. The tech pioneer, best known for its electric cars, is beginning to roll out Tesla-branded selling spaces at 800 of the retailer’s locations, the company confirmed to Bloomberg News. The areas, …

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• 3 February

  Motorola to pay $1bn for security camera maker

  Bloomberg Motorola Solutions Inc. sees an opening to take advantage of a backlash against Chinese-made technology products with its latest acquisition. The Chicago-based company agreed to pay about $1 billion including debt for Avigilon Corp., which makes security cameras and video analytics systems for airports, railroads, cities and other commercial enterprises, according to a statement Thursday. Motorola agreed to pay …

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• 3 February

  Robot delivery vans may hit roads before self-driving cars

  

  Bloomberg The future of driverless driving looks like a giant toaster with a funny hat. That’s an approximation of a new autonomous vehicle by Nuro, a Silicon Valley startup that’s been cryptic about its business plan since it launched about 18 months ago. Nuro’s shiny, minimalist appliance on wheels doesn’t have doors or windows to speak of, because it will …

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• 3 February

  China talks crucial for choice of Aramco listing venue

  

  LONDON / Reuters Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges …

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• 3 February

  Oil loses steam as dollar, stocks add to shale worries

  

  Bloomberg After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production. Futures slipped 0.5 percent in New York, with oil inversely tracking the US dollar and American equities headed for the worst week in two years. A stronger greenback reduces …

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• 3 February

  Exxon sees oil demand down 20% in 2 decades

  Bloomberg If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The first comes in response to a shareholder vote last year that demanded Exxon publish the …

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• 3 February

  Clean fuel focus in India could open door for US LPG imports

  

  Bloomberg India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the US, according to Facts Global Energy. The world’s second-largest importer of the fuel raised its target for providing free cooking gas connections to the poor by 60 percent to 80 million families, Finance Minister Arun Jaitley said in his budget …

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