Article content (Bloomberg) — Canadian National Railway Co. cut its earning outlook for 2023 because of weakening demand for consumer goods and other products, another clear signal that the economy is slowing. Article content The railway expects earnings per share will be flat or slightly down this year compared with 2022. In April, it said […]
Breadcrumb Trail Links PMN Business Microsoft Corp. reported tepid fourth-quarter sales growth, held back by decelerating demand for cloud-computing services while the software maker waits for a revenue boost from new artificial intelligence-powered products. Author of the article: Bloomberg News Dina Bass Published Jul 25, 2023 • 4 minute read Join the conversation Signage outside […]
Article content (Bloomberg) — BC Partners has agreed to sell a minority stake in PetSmart to Apollo Global Management Inc., having shelved plans to take the North American pet retailer public last year. Article content London-based BC Partners will retain a majority holding in PetSmart alongside Singaporean sovereign fund GIC Pte and the company’s management, […]
Breadcrumb Trail Links PMN Business The world is baking under extreme heat from California’s Death Valley to Turpan in western China. July is already set to be the single-hottest month on record as interconnected domes of high pressure sit stagnant across the Northern Hemisphere. The conditions are putting the lives of hundreds of millions of […]
Breadcrumb Trail Links PMN Business Rising hopes of a soft landing for the US economy likely hinge on the Federal Reserve’s willingness to tolerate inflation markedly higher than it would prefer. Author of the article: Bloomberg News Rich Miller Published Jul 23, 2023 • 4 minute read Join the conversation n(s3qjgdr8ajitaru5ab9gfk_media_dl_1.png Bloomberg RSS Article content […]
Breadcrumb Trail Links PMN Business Cinemas finally have something to celebrate. Author of the article: Bloomberg News Thomas Buckley Published Jul 23, 2023 • 3 minute read Join the conversation mw({sfd{fnbcsct5nhtjdc0e_media_dl_1.png Source: Comscore Inc. Article content (Bloomberg) — Cinemas finally have something to celebrate. Advertisement 2 Story continues below This advertisement has not loaded yet, […]
Breadcrumb Trail Links PMN Business The Group of Twenty energy ministers meeting in India ended without a consensus on the phase-down of fossil fuels, adding to the sluggish progress on climate diplomacy ahead of key meetings this year. Author of the article: Bloomberg News Rajesh Kumar Singh and Kamil Kowalcze Published Jul 22, 2023 • […]
Breadcrumb Trail Links PMN Business Venezuela is in early-stage talks with the European Union on a $1.5 billion plan to capture its methane emissions and export them to the bloc as natural gas with the help of Eni SpA and Repsol SA. Author of the article: Bloomberg News Fabiola Zerpa Published Jul 21, 2023 • […]
Article content (Bloomberg) — In the race to reduce carbon emissions, countries from the US to New Zealand are doling out incentives to spur electric-vehicle sales — tactics China used for years as it turned into the biggest EV market on Earth. Article content Beijing’s success is breathtaking. EVs accounted for a quarter of all […]
Article content (Bloomberg) — BlackRock Inc. said Saudi Aramco Chief Executive Officer Amin Nasser is joining its board, reflecting the asset manager’s commitment to the Middle East as part of its long-term strategy. Article content Nasser has led the world’s biggest oil producer since 2015, including overseeing its public listing, and provides BlackRock with “a […]