Germany May Resort to Nuclear Plants to Plug Russian Gas Gap
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Author of the article: Bloomberg News Vanessa Dezem and Birgit Jennen Publishing date: Aug 21, 2022 • 14 minutes ago • 3 minute…
Democrats Sense New Optimism for Blunting GOP’s Midterm Gains
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Democrats are increasingly optimistic they can limit Republican gains in the House and even keep control of the Senate as a raging…
Your Sunday UK Briefing: Of Power Prices and Dragons
[ad_1] Breadcrumb Trail Links PMN Business Ease yourself into the new week Author of the article: Bloomberg News James Ludden Publishing date: Aug 21, 2022 • 22 minutes ago • 4…
Net Zero Will Make or Break One of the UK’s Wealthiest Cities
[ad_1] Breadcrumb Trail Links PMN Business Aberdeen in northeast Scotland is trying to make the leap from an oil town to a renewables hub amid growing demand for cheap home-grown energy.…
Saudi Arabia’s Booming And This Time It Isn’t Only About Oil
[ad_1] Breadcrumb Trail Links PMN Business The more than 300 apartments in Abdulsalam Almajed’s new Riyadh complex sold in just a month for cash, without him even having to advertise.…
HK Finance Chief Expects ‘Moderate’ Inflation in ‘Buffered’ City
[ad_1] Breadcrumb Trail Links PMN Business Hong Kong’s rate of inflation for the full year is likely to remain at a “roughly moderate” level of 2.1% because the city is…
China’s Hyped Decoupling From Emerging Markets May Prove a Blip
[ad_1] Breadcrumb Trail Links PMN Business A gulf has opened up between Chinese stocks and the rest of emerging-market equities in recent weeks as pandemic recoveries have diverged. That parting…
Kwarteng to Target Profits of Renewables Companies: Telegraph
[ad_1] Breadcrumb Trail Links PMN Business UK Business Secretary Kwasi Kwarteng plans to rein in the “crazy” profits of renewables firms, the Telegraph reported, as average household energy bills are…
Lindner Says 1 Year of €9 Ticket Would Cost Germany €14 Billion
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Author of the article: Bloomberg News Vanessa Dezem Publishing date:…
Your Saturday UK Briefing: Sterling Just Can’t Catch a Break
[ad_1] Breadcrumb Trail Links PMN Business Something for the weekend Author of the article: Bloomberg News James Ludden Publishing date: Aug 20, 2022 • 21 minutes ago • 2 minute read…
Charting the Global Economy: China, Turkey Shock With Rate Cuts
[ad_1] Breadcrumb Trail Links PMN Business Central bankers in China and Turkey bucked a global trend of raising interest rates, with officials easing policy amid signs of an economic slowdown…
The World’s Cotton Supply Keeps Shrinking, Hit by Drought, Heat
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Extreme weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers. Author of the article: Bloomberg News Tarso Veloso,…
In ‘Truly Alarming’ Sign, Surging UK Yields Fail to Rescue Pound
[ad_1] Breadcrumb Trail Links PMN Business The pound just can’t catch a break as the UK’s bleak economic outlook eclipses any benefit the currency stands to receive from rapidly rising…
Ukraine Latest: US Military Aid to Kyiv Approaching $11 Billion
[ad_1] Breadcrumb Trail Links PMN Business The latest tranche of military aid to Ukraine, announced Friday, sees total US commitments reach $10.9 billion. The new offer includes additional HIMARS rocket…
UK Travel Chaos Stretches Into Weekend With National Rail Strike
[ad_1] Breadcrumb Trail Links PMN Business Disruptions to Britain’s transport system are extending into the weekend as train workers seeking to preserve jobs and earn higher pay hold another nationwide…
London’s Rent Frenzy Expected to Continue Until The End of The Year
[ad_1] Breadcrumb Trail Links PMN Business Higher mortgage rates, landlords selling up and canny tenants who locked in low rates during the pandemic are combining to send rents in London’s…
Joules Falls Amid Profit Warning, Seeks Debt Covenant Waiver
[ad_1] Breadcrumb Trail Links PMN Business Joules Group Plc shares plunged after the British retailer warned it will make a loss for the full year and said it was in…
Geely Earnings Miss Estimates as Lockdowns, Shortages Hit Sales
[ad_1] Breadcrumb Trail Links PMN Business Chinese car maker Geely Automobile Holdings Ltd. reported first-half profit that missed analyst estimates as sales fell short of expectations — pummeled by Covid…
The UK Will Struggle to Keep the Lights on This Winter
[ad_1] Breadcrumb Trail Links PMN Business A colder than normal January could mean blackouts. Is the UK’s next prime minister ready for the worsening energy crisis? Author of the article:…
Pension World’s Big Risk-Takers Capitulate in Pivot to Bonds
[ad_1] Breadcrumb Trail Links PMN Business After years of eschewing the world’s safest assets, the managers of Australia’s $2.4 trillion of retirements savings are buying sovereign bonds. Author of the…
US Economy Faces ‘Lot of Uncertainty’ in Coming Year, White House’s Deese Says
[ad_1] Breadcrumb Trail Links PMN Business The US economy faces “a lot of uncertainty” over the next year from global threats, but should be buoyed by a strong labor market…
China Joins Europe in Facing Threats From Worsening Drought
[ad_1] Breadcrumb Trail Links PMN Business A heat wave and drought in Sichuan is curbing hydropower generation, worsening an electricity shortage and leading to shutdowns at some factories in one…
Tiger Global, Yale Cut Stocks Last Quarter as Markets Tumbled
[ad_1] Breadcrumb Trail Links PMN Business (Bloomberg) — Some of the biggest US institutional investors, from Tiger Global Management to Yale University’s endowment, were busy dumping stocks from their portfolios…
The Inflation Reduction Act Is a Climate Bill. Just Don’t Call It One.
[ad_1] Breadcrumb Trail Links PMN Business Why the biggest climate legislation in American history is packaged as something else. Author of the article: Bloomberg News Eric Roston and Brian Eckhouse…
UK Labour Proposes Extending Windfall Tax on Oil and Gas Firms
[ad_1] Breadcrumb Trail Links PMN Business The UK’s main opposition Labour Party has proposed extending Britain’s windfall tax on oil and gas companies, saying the proceeds should be used to…