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Facebook and Twitter have taken different stances on moderating President Trump on their platforms. It's the latest controversy in an ongoing debate about the responsibility tech companies have in policing speech online. Photo illustration: Carter McCall/WSJ...
(Bloomberg) -- Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy consumption following coronavirus lockdowns.Aramco’s price boost for its flagship Arab Light crude to Asia -- which accounts for more than half of Saudi oil sales -- was the biggest in at least 20 years, exceeding the most bullish expectations in a Bloomberg survey. However, two refiners are still seeking to buy their regular volumes because of the lack of alternative options, while another processor is weighing whether to replace some cargoes from the kingdom with floating storage or arbitrage supplies, according to people familiar with the matter.Aramco increased Arab Light by $6.10 a barrel from June, according to a pricing list seen by Bloomberg. Across all of the producer’s grades, Super Light and Extra Light saw the biggest increases, while heavier crudes saw slightly...
Contemporary Amperex Technology Co. Ltd.'s chairman and founder Zeng Yuqun disclosed that his company, which already manufactures batteries for Tesla Inc. (NASDAQ: TSLA) and Volkswagen AG (OTC: VWAGY) is ready to make electric car batteries which will last as long as 16 years and 1.24 million miles.Million Mile Battery Is A Key Advance Batteries that last longer are important for electric vehicle makers such as Tesla and Volkswagen, as they can help them attract customers. These types of batteries could also be reused in a second vehicle increasing the attractiveness of EVs. Tesla is also working on this type of battery while cooperating with CATL.Waiting For Orders Talking to Bloomberg at the company headquarters at Ningde, China, Zeng disclosed, "If someone places an order, we are ready to produce." He said that the costs of such long-lasting batteries would be 10% higher than those currently in use. CATL is the world's...
Jun.08 -- Vanda Insights Founder & CEO Vandana Hari believes crude had already priced in the outcome by OPEC+ and its allies to extend production cuts. She was speaking with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia."...
Jun.08 -- Allie Renison, head of EU & trade policy at The Institute of Directors, discusses the fourth round of talks between British and European Union negotiators and their future relationship. She speaks on “Bloomberg Markets: European Open.”...
Shares in Grubhub Inc. (GRUB) rose more than 5% following a report that Delivery Hero and Just Eat Takeaway.com are lining up to buy the food delivery company, as takeover talks with rival Uber Technologies Inc. (UBER) are ongoing.According to a CNBC report, Netherlands-based Just Eat Takeaway.com and German company Delivery Hero are interested in merging with Grubhub.Shares closed 5.2% higher at $60.53 on Friday and advanced another 2.4% in after-hours trading.The news comes after antitrust concerns have shed some doubt on the chances for a deal for Grubhub with Uber. The two companies have reportedly been discussing a breakup fee should the takeover fail because of antitrust concerns.Grubhub is looking for the right deal structure with potential buyers given market conditions and regulatory risks, according to the CNBC report. The company is evaluating a number of offers, some of which are all-stock and some that are both cash and stock.Grubhub generates...
Jun.08 -- The U.K. is pressing ahead with a two-week quarantine on international arrivals, a move British Airways and other carriers say will devastate tourism. Bloomberg’s Siddharth Philip reports on “Bloomberg Markets: European Open.”...
