News Headlines - 03 September 2020

▽Tesla launches $5 billion capital raise, tapping in on share surge - Reuters

Tesla Inc on Tuesday unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street interest in the electric carmaker to raise up to $5 billion that will ease future debt pressures.
The move comes a day after a 5-for-1 stock split took effect, Tesla’s first since its initial public offering in June 2010, and follows a nearly six-fold increase in the value of its shares this year... The company’s high-flying stock has risen another 70% since the split was announced on Aug. 11, and was trading at over $2,000 before the division on Friday.
With a market capitalization now around $465 billion, it became the world’s biggest car company by value in July and has propelled Chief Executive Officer Elon Musk’s personal fortune past $100 billion.

▽Amazon Delivery Fleet Gets US FAA Clearance to Operate Drone Airline - Bloomberg

Retail behemoth Amazon.com Inc. took a big leap toward delivering goods from the sky by becoming one of only a handful of companies certified by the U.S. government to operate as a drone airline.
The Federal Aviation Administration designated Amazon Prime Air an “air carrier,” the company said Monday. That allows Amazon to begin its first commercial deliveries in the U.S. under a trial program, using the high-tech devices it unveiled for that purpose last year.

▽Brad Pitt Unveils Rosé Champagne After Five Years of Production | Wine Spectator

Brad Pitt is getting into the Champagne biz, and today brings new details of what the A-list project looks like. Pitt and Angelina Jolie, of course, have been making Château Miraval wine from their Côtes de Provence estate since the 2012 vintage and, with the co-owning Perrin family of the Rhône's Château de Beaucastel, quickly made a name as serious contenders in pink wine.

▽Forcing convenience stores to open 24 hours may break monopoly laws: Japan FTC - The Mainichi

Forcing convenience store franchisees to stay open 24 hours a day could be a contravention of laws against private monopolization, according to a report of findings from a survey by the Japan Fair Trade Commission (JFTC) published on Sept. 2... In the part of the survey which asked franchisee owners about 24-hour operations, just 33.2% of respondents said they wished to continue with such hours. The other 66.8% said they wanted to try either temporary or full reductions in hours, or that they wished to do a trial of shorter business hours. Additionally, 8.7% said that their head office failed to respond to negotiations over the potential changes.

▽The 1962 Internment of Chinese Indians - The Diplomat

The history of ethnic Chinese people in India can be traced back to the Tibet trade during the 18th and 19th century. During the boom years of tea plantations, the British tea plantation owners brought Chinese workers from southern China, Hong Kong, and around Southeast Asia to India’s Assam and Darjeeling.