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Bloomberg Waymo said that it is opening its fully driverless ride-hailing service in suburban Phoenix to the public. Alphabet Inc’s self-driving car unit began ferrying a select group of a few hundred customers, known as “early riders,” in vehicles without safety drivers in the summer of 2019. After receiving feedback from those riders, who were bound by non-disclosure agreements not ...

Bloomberg BMW ended an upbeat quarter for European automakers by warning that the rapidly resurging coronavirus pandemic could wreck a sales recovery driven by strong demand in China. BMW confirmed its full-year profit forecast on the back of rising sales in China. Still, the German luxury carmaker cautioned that Covid-19 is worsening in Europe’s biggest markets, with fresh lockdowns threatening ...

Bloomberg Facebook posted a better-than-projected gain in third-quarter revenue, indicating that a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing. The Menlo Park, California-based company said sales rose 22% to $21.5 billion, compared with the $19.8 billion average analyst estimate in a Bloomberg survey. While Facebook reached 2.74 billion ...

Vienna / WAM A balanced and stable oil market is a prerequisite for post-pandemic recovery, adequate investments and future prosperity for consumers and producers alike, affirmed seventh high-level meeting of the Opec-Russia Energy Dialogue, hosted by Opec, which took place via videoconference. The meeting was co-chaired by Mohammad Sanusi Barkindo, Secretary General of Opec, and Alexander Novak, Minister of Energy ...

LAAYOUNE / WAM The United Arab Emirates on Wednesday opened its consulate general in Laayoune, southern Morocco. This followed a recent telephone conversation between His Majesty King Mohammed VI of the Kingdom of Morocco and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in which His ...

Bloomberg Shares of Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, fell the most in three years as investors weighed the impact of the US election on the renewable energy sector. Shares fell as much as 13% before recovering some losses; down 7.7% in Copenhagen. The wind turbine maker posted a stronger-than-expected profit in the third quarter on Wednesday. ...

Bloomberg Statkraft AS has signed an agreement to buy the London-based renewable energy developer Solarcentury Holdings Ltd, it said in statement. The 118 million-pound ($152 million) deal will hand the Norwegian state-owned utility six gigawatts of solar projects under development in Spain, the Netherlands, the UK, France, Greece, Italy and Chile. “This acquisition is in line with our strategy to ...

Bloomberg Australia’s central bank cut interest rates and announced purchases of longer-dated bonds to complement its yield curve control program for shorter-length maturities as it seeks to drive a rapid economic recovery. The Reserve Bank of Australia lowered its key interest rate, yield-curve target and bank lending facility rate to 0.10% from 0.25%, as forecast by an overwhelming majority of ...

Bloomberg Germany will take the lion’s share of the assets that lenders are moving out of the UK as a consequence of the Brexit, according to the Bundesbank. Non-German lenders are in the process of moving an additional 397 billion euros ($462 billion) of holdings to the country, taking their combined balance sheet there to 675 billion euros at the ...

Bloomberg JPMorgan Chase & Co and Citigroup Inc. joined rivals in asking the vast majority of employees in England to work from home following government rules to stop a surge in coronavirus infections. The Wall Street banks told staff in separate memos Tuesday that most workers will be required to work from home until further notice from Thursday, when a ...