Article content (Bloomberg) — Senator Ted Cruz extended his critique of President Donald Trump’s tariffs and said there are “angels and demons” vying for influence as the White House plans to impose the steepest US trade duties in more than a century. Article content One of the angels, said Cruz, is Elon Musk, the world’s […]
Article content (Bloomberg) — Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices stands to worsen. Article content The Libyan currency will now trade at 5.5677 per US dollar, the regulator announced on its Facebook page on […]
Breadcrumb Trail Links PMN Business Fresh talks between Russia and the US toward a ceasefire in Ukraine are expected as soon as this week, the Kremlin’s negotiator said in a state TV interview that aired hours after Moscow’s forces fired a ballistic missile at Kyiv, killing at least one person. Author of the article: Bloomberg […]
Breadcrumb Trail Links PMN Business US households probably experienced slightly less overall inflation last month, a reprieve that economists view as temporary in the wake of President Donald Trump’s tariff tsunami. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Apr 05, 2025 • 7 minute read 6no1)h3a(s(zhhn)gaw3{r5i_media_dl_1.png Bloomberg Economics Global Trade […]
Article content (Bloomberg) — The Canadian government issued a new warning for travelers entering the US, saying they should “expect scrutiny” at the border and that their phones and other electronic devices may be searched. Article content The updated travel advisory follows US President Donald Trump’s move to tighten border and immigration policy, which had […]
Breadcrumb Trail Links PMN Business President Donald Trump has vowed his historic tariff blitz would revive domestic manufacturing, but industry worries about his approach are raising fresh doubts about whether he can deliver on his promise of an economic boom. Author of the article: Bloomberg News Catherine Lucey Published Apr 05, 2025 • 5 minute […]
Breadcrumb Trail Links PMN Business Developers are exiting a state program over cost uncertainty and supply-chain delays. Author of the article: Bloomberg News Naureen S Malik Published Apr 05, 2025 • 3 minute read The Constellation Energy Handley Generating Station in Fort Worth, Texas. Photo by Shelby Tauber /Bloomberg Article content (Bloomberg) — A Texas experiment to […]
Breadcrumb Trail Links PMN Business Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure. Author of the article: Bloomberg News Brody Ford, Riley Griffin and Josh […]
Article content (Bloomberg) — President Donald Trump’s federal funding cuts are poised to slow down growth in the installation of electric-vehicle charging stations across the country, according to the chief executive officer of a company that supplies them. Article content The suspension of a government program funding new charging stations will likely mean the US […]
Article content (Bloomberg) — On Semiconductor Corp. has enlisted Morgan Stanley for advice as it pursues Allegro Microsystems Inc., people familiar with the matter said. Article content Onsemi, as the Phoenix-based company is known, has added the Wall Street bank alongside UBS Group AG as it weighs an acquisition of the advanced chipmaker, according to […]