2021-05-12 01:10:03| BBC News | Business | World Edition
Some petrol stations run out of fuel in the US southeast as the Colonial Pipeline stays down.
2021-05-10 07:00:40| Guardian Unlimited Business - more business news
Covid hit UKs ad-dependent broadcasters but rebound is on cards, with Euro 2020 and moreSee all our coronavirus coverageThe return of must-watch TV such as footballs pandemic-delayed European Championship and guilty pleasure Love Island is set to fuel a 1bn advertising bonanza this summer as spending bounces back to pre-coronavirus levels.Streaming services such as Netflix and Disney+ have enjoyed record-setting subscriber growth during the coronavirus pandemic, with the public stuck at home. But for broadcasters with advertising-dependent models, such as ITV, Channel 4 and Channel 5, the closure of businesses and leisure activities resulted in unprecedented cuts to marketing budgets. Continue reading...
2021-05-10 06:44:08| Guardian Unlimited Business - more business news
Biden administration scrambles to avoid shortages after Colonial Pipeline targeted in worst-ever attack on US infrastructureThe Biden administration has invoked emergency powers as part of an all-hands-on-deck effort to avoid fuel shortages after the worst-ever cyber-attack on US infrastructure shut down a crucial pipeline supplying the east coast.The federal transport department issued an emergency declaration on Sunday to relax regulations for drivers carrying gasoline, diesel, jet fuel and other refined petroleum products in 17 states and the District of Columbia. It lets them work extra or more flexible hours to make up for any fuel shortage related to the pipeline outage. Continue reading...
2021-05-10 02:21:35| BBC News | Business | World Edition
The move to keep fuel flowing comes after its largest pipeline was hit by a ransomware cyber-attack.
2021-05-09 22:00:28| Guardian Unlimited Business - more business news
BloombergNEF forecasts result of falling cost of making batteries as well as dedicated production lines Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research has found.By 2026, larger vehicles such as electric sedans and SUVs will be as cheap to produce as petrol and diesel models, according to forecasts from BloombergNEF, with small cars reaching the threshold the following year. Continue reading...