Article content (Bloomberg) — Higher than expected retail sales this morning indicates the consumer still has some extra flexibility in their wallets, despite rapidly rising prices. That ties up with Wetherspoon’s better than expected first half earnings, showing some of the pub chain’s supply difficulties are starting to ease. On both counts the prospect of […]
Article content (Bloomberg) — The European Central Bank will take a “robust” approach that allows it to respond to inflation risks as needed but also aid financial markets if threats emerge, according to President Christine Lagarde. Article content “Bringing inflation back to 2% over the medium term is non-negotiable,” Lagarde told a conference of ECB […]
Breadcrumb Trail Links PMN Business The Chinese president’s trip to Russia marks his most ambitious effort yet to weigh into Europe’s bloodiest conflict since the Second World War. Author of the article: Bloomberg News Bloomberg News Published Mar 19, 2023 • 3 minute read Join the conversation 4d{tb0llwy7vn{5t(r5nbqs)_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Advertisement […]
Breadcrumb Trail Links PMN Business Japan and Germany vowed to deepen cooperation on defense and climate protection and work more closely together to reduce one-sided dependencies in critical areas such as raw materials. Author of the article: Bloomberg News Michael Nienaber and Isabel Reynolds Published Mar 18, 2023 • 3 minute read Join the conversation […]
Breadcrumb Trail Links PMN Business Europe’s efforts to foster the investment needed to build a sustainable economy and fend off challenges from the US and China are still in the very early stages. Author of the article: Bloomberg News Ewa Krukowska and Mark Burton Published Mar 18, 2023 • 4 minute read Join the conversation […]
Breadcrumb Trail Links PMN Business A Pakistan court has suspended any further police action against former Prime Minister Imran Khan until Friday, after two days of violent clashes outside his home prevented security officials from arresting him. Author of the article: Bloomberg News Kamran Haider Published Mar 16, 2023 • 3 minute read Join the […]
Article content (Bloomberg) — Sanofi agreed to buy Provention Bio Inc. in a $2.9 billion deal intended to bolster the French drugmaker’s portfolio of diabetes medicines with a new therapy recently approved in the US. Article content The takeover builds on an agreement between the two companies for the commercialization of the drug, a monoclonal […]
Article content German airline passengers faced disruption on Monday, with scores of flights canceled at Berlin airport as ground staff went on strike over pay. Article content Hamburg, Hanover and Bremen airports are also affected by walkouts and flight cancellations. The Verdi labor union is pushing for improved pay and conditions as workers grapple with […]
Breadcrumb Trail Links PMN Business China reappointed several top economic officials in a leadership reshuffle Sunday, giving investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the US. Author of the article: Bloomberg News Bloomberg News Published Mar 12, 2023 • 4 minute read Join the conversation f8vu7)kw]pg22osm[0an5cqq_media_dl_1.png Bloomberg RSS […]
Article content (Bloomberg) — Saudi Aramco followed oil-producing rivals by reporting blowout annual earnings and increasing its dividend, though its profit dipped in the fourth quarter as high interest rates slowed major economies. Article content The world’s biggest energy company made net income of $161 billion in 2022, the most since it listed in Riyadh […]