Bloomberg Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co. and Kia Corp. Earlier this year, the South Korean carmakers rolled out two new battery-powered cars — the Hyundai Ioniq 5 and its sibling, the Kia EV6 — which promptly tore up the …
Read More »Google to give cloud customers tools to check carbon footprint
Bloomberg Google’s cloud-computing division is preparing to reveal the carbon footprint for its Workspace apps, including Gmail and Docs, as it builds out its suite of tools to help customers assess their impact on the environment. The move by Alphabet Inc-owned Google Cloud expands measures unveiled last year to help clients measure and reduce the gross carbon emissions of using …
Read More »Sony takes a leap into PC gaming gear with Inzone brand
Bloomberg Sony Group Corp is launching a new gaming gear brand called Inzone, trotting out headphones and displays for the PC to try and expand its reach beyond the PlayStation. The new brand is the Tokyo-based firm’s effort to capture a slice of the peripherals market, augmenting its plans to release more former PlayStation exclusives on the Windows platform. Sony …
Read More »Tesla deliveries dipped in Q1 2022
Bloomberg Tesla delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is less than the record 310,048 cars Tesla …
Read More »European gas set for 3rd weekly gain as supply worries deepen
Bloomberg Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. Benchmark futures rose as much as 6.1% to advance for a third week. The Freeport LNG project now plans to …
Read More »Russia’s oil revival gets some help from domestic refineries
Bloomberg Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example — from rising oil-product exports to higher prices for Urals crude — of how Russia’s energy industry is adapting to trade restrictions imposed after its …
Read More »Illegal protests double power outages in South Africa: Eskom
Bloomberg About half of South Africa’s record electricity outages this week have been caused by employees staying away from work during illegal protests, the head of the state power utility said. Eskom Holdings SOC Ltd. was forced to implement Stage-6 power outages — equivalent to cutting 6,000 megawatts from the grid — because of disruptions that have lasted a …
Read More »Copper sinks below $8,000 a ton
Bloomberg Copper sinks below $8,000 a ton, hitting its lowest since early 2021, as deepening fears about a global economic slowdown drive a rout in industrial metals. The metal, widely considered a barometer of the world economy, slumped as much as 3.6% to $7,959 a ton in London, extending losses after its worst quarter in a decade. Investors appear …
Read More »Swedish green steel firm gets permit to build first plant
Bloomberg Sweden’s H2 Green Steel took a vital step toward building its first facility in the north of the country after receiving the go-ahead from a local court. The main permit was for construction of the plant, the Land and Environmental Court in Umea said in a statement on Friday. It also granted approval for rerouting a stream, while …
Read More »Travel unions dig in as Paris airport, EasyJet staff strike
Bloomberg The chaos that has plagued European travel for weeks is coalescing in France as staff at Paris Charles de Gaulle airport strike for the second day in a row on Friday and a country-wide rail walkout looms. France’s aviation authority ordered the scrapping of 17% of flights between 7 am and 2 pm after pay talks between unions and …
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