Article content (Bloomberg) — NATO is increasingly concerned about China’s shipping on Russia’s Northern Sea route, and the possibility that its commercial and scientific interests could be a precursor to a Chinese military presence in the Arctic, the alliance’s senior military officer said. “We know there are military scientists on board these ships,” Admiral Rob […]
Breadcrumb Trail Links PMN Business The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed. Author of the article: Bloomberg News Vince Golle and […]
Breadcrumb Trail Links PMN Business Prime Minister Rishi Sunak was hoping his AI summit next month would bring heads of the most powerful nations face-to-face with executives to guard against the technology’s “catastrophic” potential. With less than two weeks to go, the guest list is thin on world leaders. Author of the article: Bloomberg News […]
Breadcrumb Trail Links PMN Business The incoming first female head of Germany’s most powerful labor union IG Metall is warning Elon Musk about efforts to avoid unionization at his Tesla Inc. factory near Berlin. Author of the article: Bloomberg News William Wilkes and Monica Raymunt Published Oct 21, 2023 • 3 minute read Join the […]
Breadcrumb Trail Links PMN Business Oscar-winning actress Nicole Kidman, futurist Amy Webb and Tesla Inc. Chair Robyn Denholm were among the big drawcards at this week’s inaugural South by Southwest Sydney, the first time the sprawling tech, music and film festival has been held outside North America. Author of the article: Bloomberg News Keira Wright […]
Article content (Bloomberg) — Oil advanced as geopolitical tensions ratcheted higher in the Middle East, with prices poised for a second straight weekly gain. Global benchmark Brent rose above $93 a barrel, while West Texas Intermediate neared $91. The US is seeing stepped-up drone attacks in Iraq and Syria, the Pentagon said, while an American […]
Article content (Bloomberg) — Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains — the world’s largest and longest robots — to transport iron ore across the vast Outback. Converting its 2.5-kilometer (1.6-mile) long trains to electric would help trim the producer’s use of diesel, a […]
Breadcrumb Trail Links PMN Business India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Author of the article: Bloomberg News Anup Roy, Sudhi Ranjan Sen and Rakesh Sharma Published Oct 19, 2023 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business Delegates from developing nations are leaving meetings in China this week with grand promises of aid for green energy projects, though there are few concrete projects so far. Author of the article: Bloomberg News Bloomberg News Published Oct 19, 2023 • 3 minute read Join the conversation Xi Jinping during […]
Article content (Bloomberg) — The rollback of American sanctions on Venezuelan oil could rob Chinese buyers of one of their cheapest sources of crude. Venezuela’s Merey crude is currently being delivered to China at a discount of as much as $20 a barrel compared to Brent, according to traders. That’s cheaper than sanctioned Iranian oil, […]