Article content (Bloomberg) — Brazilian ethanol producers including Raizen SA and Cosan SA rallied after Petrobras announced that it was in talks with “large” producers of the biofuel to create a joint venture. Raizen rose as much as 5.8% while Cosan rose as much as 7.4%, the biggest intraday gains in months. Petroleo Brasileiro […]
Breadcrumb Trail Links PMN Business Architects and developers are reaching beyond net zero, designing structures they hope do more good for the environment than bad. But determining whether that’s true is far from easy. Author of the article: Bloomberg News Olivia Rudgard Published Nov 19, 2024 • 7 minute read Article content (Bloomberg) — The three […]
Breadcrumb Trail Links PMN Business Trafigura Group was accused by Swiss prosecutors of channeling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr. Non-Compliant” by the company’s late founder. Author of the article: Bloomberg News Hugo Miller, Jack Farchy and Archie Hunter Published Nov 18, 2024 • 6 minute […]
Article content (Bloomberg) — Brazil is moving forward with plans to import natural gas from Argentina’s Vaca Muerta formation in a sign that bilateral business deals can overcome a complicated political relationship. Brazil’s energy ministry signed a memorandum of understanding with Argentina on Monday to identify necessary infrastructure to increase natural gas supplies, Brazil’s ministry […]
Article content (Bloomberg) — A plunge in water levels at the world’s largest man-made reservoir, which has left Zambia and Zimbabwe without power for hours, shows why they need to diversify their energy sources, according to a top official. “The over-dependence on hydropower has exposed the vulnerability of the energy mix,” Zambia’s Energy Minister […]
Article content (Bloomberg) — Turkey denied permission for Israeli President Isaac Herzog’s plane to fly through its airspace to Azerbaijan to attend the COP29 climate summit, which he skipped, according to a person familiar with the situation. Turkish President Recep Tayyip Erdogan’s administration closed the shortest and safest route for Herzog to travel to the […]
Article content (Bloomberg) — French dealmaker Erik Maris has agreed to join boutique advisory firm Perella Weinberg Partners LP to strengthen its coverage of French and European clients across sectors. Maris, 60, is taking on a senior role and will be working closely with Perella’s partners including David Azema in Paris and Dietrich Becker in […]
Breadcrumb Trail Links PMN Business Weeks after the start of her government, Mexican President Claudia Sheinbaum is giving signs that she’ll come down on the side of the US over China, if she’s forced to choose. Author of the article: Bloomberg News Maya Averbuch Published Nov 17, 2024 • 6 minute read Mexican President Claudia […]
Article content (Bloomberg) — Joe Biden will announce new conservation efforts and funding when he becomes the first sitting US president to visit the Amazon on Sunday. The US president is expected to visit a rainforest nature preserve and meet with local leaders engaged in conservation efforts. Brazilian President Luiz Inacio Lula da Silva, who’s […]
Article content (Bloomberg) — A fight is building at the United Nations climate talks over whether countries should recommit to last year’s historic pledge to transition away from fossil fuels. European and US negotiators see restating commitments agreed last year, including a boost in efficiency and renewable energy deployment, as essential to prevent backtracking on […]