August, 2018

• 29 August

  From Russia with love, Renault plots revival with sporty SUV

  

  Bloomberg Renault SA is betting on a sustained recovery in Russia’s car demand, unveiling a sleek coupe-style sport utility vehicle in Moscow that’ll be manufactured in the French carmaker’s second-biggest market. The Arkana coupe-crossover, due to first go on sale in Russia next year, will help to expand the manufacturer’s offering of popular SUVs such as the Kadjar or Koleos, ...

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• 29 August

  California approves 100 pct clean electricity target by 2045

  

  Bloomberg California lawmakers approved a measure mandating that all electricity come from wind, solar and other clean-energy sources by 2045, marking the state’s biggest step yet in the fight against global warming. The state Assembly voted 43-32 in favour of the legislation. It would eliminate the reliance on fossil fuels to power homes, businesses and factories in the world’s fifth-largest ...

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• 29 August

  Oil climbs as US crude ‘exceeds expectations’

  Bloomberg Oil touched the highest level in three weeks after a government report showed a bigger US crude stockpile decline than expected. Futures in New York advanced as much as 1.5 percent. The Energy Information Administration reported nationwide crude inventories fell 2.57 million barrels last week, larger than a decrease of 1.49 million barrels that analysts forecast in a Bloomberg ...

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• 29 August

  Exxon sets goal for reducing emmission for Canada oil sands

  

  Bloomberg Exxon Mobil Corp. set a goal for reducing emissions from its Canadian oil sands, the second time this year the world’s biggest oil explorer by market value published a greenhouse-gas target. Imperial Oil Ltd., a Calgary-based subsidiary 69-percent owned by Exxon, will reduce the intensity of emissions by 10 percent over the next five years, compared with 2016 levels, ...

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• 29 August

  Jet Air vows to cut costs, sell stake in loyalty programme

  

  Bloomberg Troubled carrier Jet Airways India Ltd. said it will sell a stake in its loyalty program and cut as much as $285 million in costs over the next two years as part of a turnaround plan after years of losses in a competitive aviation market. Announcing the biggest quarterly loss since 2015, the board of the Mumbai-based airline considered ...

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• 29 August

  Walmart e-shoppers need not hang their own TVs anymore

  

  Bloomberg Walmart Inc.’s betting the kind of shopper who doesn’t want to visit a physical store to purchase a TV probably doesn’t want to mount it, either. So the world’s largest retailer is expanding its partnership with on-demand home-services company Handy to sell installation and assembly packages right on its website, Handy said. Starting from Wednesday and rolling out across ...

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• 29 August

  A new Google tool tells when to buy holiday season flights

  

  Bloomberg It’s the most wonderful time of the year—and by that, I mean the lazy, late days of summer. New insights from Google also reveal that right now—late August—might also be the best time to start thinking about your holiday travels if you want to get the best flight or hotel deal. In fact, flight searches for Thanksgiving will spike ...

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• 29 August

  Pilots get paternity leave in Ryanair’s ‘labour pact’

  

  Bloomberg Ryanair Holdings Plc signed its first-ever union contract, granting Italian pilots perks such as severance pay and parental leave in a deal the airline hopes to repeat across its network to quell a protracted labour dispute. The agreement also commits Ryanair to making contributions to national healthcare and social-security funds, the Italian pilots union ANPAC said in a statement. ...

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• 29 August

  Revamped Tiffany store to have more sales space

  

  Bloomberg Tiffany & Co. sees an expanded sales floor and more VIP space replacing administrative offices at the company’s 10-floor “precious property” on New York’s Fifth Avenue. Chief Executive Officer Alessandro Bogliolo shared more details on the store’s renovation in an interview. With a sizable percentage of sales coming from the property, the company sees the project as key to ...

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• 29 August

  Climate of ‘fear’ among rights groups as India arrests activists

  

  Bloomberg India’s Supreme Court is set to hear a challenge to the arrest and detention of activists and lawyers in a nation-wide operation that human rights groups say is aimed at intimidating critics of the government. Those arrested work with India’s marginalised tribal and lower caste communities and activists said they’d been rounded up for criticising the government. In a ...

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