March, 2018

• 31 March

  Trump renews attack on Amazon, tweets ‘post office scam’ must end

  

  Bloomberg President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!” The president on Saturday claimed, citing reports he didn’t specify, that the US Postal Service “will lose $1.50 on average for each package it delivers for Amazon.” ...

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• 31 March

  SpaceX’s ‘broadband from space’ plan gets final US FCC approval

  

  Bloomberg Elon Musk’s SpaceX won approval from the US Federal Communications Commission to offer broadband service from space, using a constellation of 4,425 satellites racing around the Earth in low orbits. The action, approved in a 5-0 vote by FCC commissioners, is the first approval of a US-licensed satellite constellation to deliver broadband, or fast internet service, the agency said ...

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• 31 March

  Google could owe Oracle $8.8 billion in Java-Android fight

  

  Bloomberg Google could owe Oracle Corp. billions of dollars for using Oracle-owned Java programming code in its Android operating system on mobile devices, an appeals court said, as the years-long feud between the two software giants draws near a close. Google’s use of Java shortcuts to develop Android went too far and was a violation of Oracle’s copyrights, the US ...

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• 31 March

  Uber, Tesla crashes prompt rivals to ‘get ahead’

  

  Bloomberg As the global auto industry vies to deploy driverless cars, some contenders may be cutting corners in a bid to get ahead, carmakers warned in the aftermath of the first pedestrian death tied to the emerging technology. “Some competitors, not by name because there are several, they’re trying to race to be the first one to show autonomous driving. ...

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• 31 March

  Soy, corn areas in America shrink, other crops expand

  Bloomberg Diversity is making a comeback in US cropland. The declining popularity of corn and soybeans, predicted by the US government, may mean wheat, cotton and other commodities literally regain ground they’ve lost in recent years. The Department of Agriculture estimates the acreage for soybeans may drop 1.3 percent to 89 million acres this year, despite being projected to overtake ...

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• 31 March

  China taking first steps towards paying for oil in yuan this year

  

  HONG KONG / Reuters China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is potentially huge. Oil is the world’s ...

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• 31 March

  Dutch to close EU’s biggest gas field to limit earthquakes

  

  Bloomberg Fifty-five years after starting natural gas production from Europe’s biggest field, the Netherlands have signed its death warrant. Output from the Groningen deposit will be cut by two-thirds from the year starting October 2022 and halt by 2030 to ensure the safety of people in the province of the same name after earthquakes linked to extraction, Economy Minister Eric ...

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• 31 March

  Exxon, Total join majors interested in Iraq oil auction

  

  Bloomberg Exxon Mobil Corp., Total SA and Lukoil PJSC are among international companies interested to win rights to develop 11 oil and gas border fields as OPEC’s number two producer continues to build production capacity. Iraq plans to hold a bidding round on April 15 and award service contracts the same day for companies to develop 11 onshore and offshore ...

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• 31 March

  Shale patch makes money, ready to drill for more

  

  Bloomberg An upbeat shale patch, much to OPEC’s dismay, is hiring and ready to drill for more oil as producers are comfortably making a profit. But you have to be big if you’re competing in America’s prime spots. The vast majority of explorers surveyed for a Federal Reserve Bank of Dallas report said they could profitably drill a new well ...

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• 31 March

  SoftBank edging closer to buy $9.6 billion stake in Swiss Re

  

  Bloomberg SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as $39 billion, according to people with knowledge of the matter. Billionaire Masayoshi Son’s SoftBank is holding talks to buy a 25 percent stake at about 100 Swiss francs to 105 Swiss francs a ...

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