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Bloomberg Vitol Group, the world’s biggest independent oil trader, is jumping into the electric-vehicle fleet business. The Rotterdam-based trading house formed a $250 million joint venture with BYD Co, a Chinese EV and battery maker, it said in a statement. The new service will offer electric-car fleet services and charging infrastructure to cities, companies and other organisations. It’s the latest ...

Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not ...

We’re just six weeks into the Taliban’s second shift as Afghanistan’s rulers, and the picture could not be bleaker. Bodies hang in public squares and women are banned from their jobs. High schools are closed to girls, the women’s ministry has been replaced by the Ministry for the Promotion of Virtue and the Prevention of Vice, while former government officials, ...

Freight costs are crushing Bed Bath & Beyond Inc, and the retailer’s executives are warning that it isn’t alone. Shoppers and investors alike will have to brace for a difficult holiday season marked by soaring prices, empty store shelves and pessimistic forecasts from US retail chains as earnings reports kick off. “Best of luck,” said one analyst after Bed Bath ...

Vertical farming, a system for growing food without soil or sun that for decades has thrived mainly in sci-fi films and the International Space Station, is going mainstream. AeroFarms is poised to be the first vertical-farming startup to be listed on the NASDAQ in the next month after it completes a merger with Spring Valley Acquisition Corp. Its products — ...

Republicans are apparently too busy stoking cultural grievances and recounting votes from the 2020 presidential election to craft a policy agenda for the next election. Looking forward instead of backward would be a better way to build political support and to channel the populism of former President Donald Trump into programs to help working- and middle-class voters. The alternative for ...

Bloomberg Clayton Dubilier & Rice (CD&R) LLC won a months-long battle for WM Morrison Supermarket Plc, beating out private-equity rival Fortress Investment Group in a rare auction with a knockout $9.5 billion offer for Britain’s fourth-largest grocer. The final offer of 287 pence a share “represents excellent value for shareholders while at the same time protecting the fundamental character of ...

Bloomberg Virgin Atlantic Airways Ltd will double the number of services it operates to the US, adding back six routes suspended at the start of the coronavirus crisis as the Biden administration relaxes border curbs. The UK carrier restored flights from London Heathrow to San Francisco, which will be followed by links to Orlando, Florida, and Las Vegas next month, ...

Bloomberg Air France-KLM is deep in negotiations with Airbus SE, Boeing Co and engine-makers vying for a massive narrow-body order and plans to make a decision on suppliers within months, Chief Executive Officer Ben Smith said. The deal will include at least 80 firm orders and 60 to 80 options, Smith said at an event in Paris. The purchase could ...

Bloomberg JetBlue Airways Corp told workers that two provisions in a recent federal mandate mean they must get fully vaccinated against Covid-19, possibly as soon as December 8. Airline cites provision requiring vaccinations at companies with more than 100 employees and those that do business with the federal government; “We will be treated as a federal contractor,” memo said. JetBlue ...