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Bloomberg Tata Steel Ltd plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK. About two-thirds of the reductions would be office-based staff, the company said in a statement. While the steelmaker didn’t give ...

Bloomberg European car sales jumped in October, although not enough to reverse a decline since the start of the year as demand wanes in key markets. Registrations rose 8.6% to 1.21 million vehicles, the European Automobile Manufacturers Association said. The increase was due to a low comparison with a year earlier when sales suffered from new emissions tests. The latest ...

Bloomberg The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than ...

Bloomberg Google announced plans to buy enterprise software firm CloudSimple Inc, another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy. CloudSimple will join Google Cloud, a priority business for the Alphabet Inc unit. The companies didn’t disclose financial terms. The acquisition could help Google get a foothold in a corner of the cloud-computing ...

Bloomberg When fires raged across Brazil this summer and deforestation rates reached startling highs, users began downloading a small German search engine in a modest effort to counteract the devastation. Ecosia GmBH, a Berlin-based alternative to Google, donates as much as 80% of the profit it makes from running ads alongside search results to plant trees around the world. As ...

Bloomberg After selling three green project bonds in the US and marketing a new one in Canada, Brookfield Asset Management’s renewable power business is setting its sights on South America and Asia. The Toronto-based company is selling bonds to refinance the existing debt of a pool of four hydroelectric facilities located in Ontario, according to a S&P Global Ratings. The ...

Bloomberg Bangchak Corp, one of Thailand’s top oil refiners, is targeting the bioplastics and plant-based meat industries to diversify its business. The move is part of a strategy of focussing on value-added products rather than just commodities sectors, president Chaiwat Kovavisarach said. “The market has really picked up for alternatives for plastic,” Chaiwat said, adding that a unit producing compostable ...

Bloomberg After recent typhoons ravaged Japan’s grid and disrupted power to almost 1.4 million customers, the government is encouraging homeowners to invest in storage systems, seeking to marry batteries with existing rooftop solar capacity to create backup electricity networks. The backbone would be the 2.3 million rooftop solar installations across the country.

Bloomberg Lebanese protesters flocked to the capital on Tuesday and forced parliament to postpone its session indefinitely after facing off with the army and anti-riot police, adding to a political storm in the country even as banks reopened after a weeklong closure. The legislature will meet at a later date after demonstrations prevented enough lawmakers from reaching it to form ...

Bloomberg The US is conducting more patrols in the South China Sea to send a signal to China that it intends to maintain freedom in the area that’s crucial for global trade, defense secretary Mark Esper said. Esper said at a media briefing in Manila the US “rejects attempts by any nation to use coercion or intimidation to advance international ...