Article content (Bloomberg) — US President-elect Donald Trump’s tariff plans will lead to “tit for tat” retaliation from Canada, according to the country’s ambassador in Washington. Article content Trump has threatened 25% tariffs on all products from Canada and Mexico unless they address his complaints on border security. He has escalated his rhetoric recently, claiming […]
Article content (Bloomberg) — Oil extended gains to hit the highest in more than four months as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies in an already-tightening global market. Article content Global benchmark Brent advanced above $81 a barrel, after surging almost 4% in the previous session. West […]
Article content (Bloomberg) — The UK is planning special districts for constructing data centers and will explore dedicating nuclear energy to the sites as part of a Labour government project to boost technology growth and the ecosystem for artificial intelligence. Article content These “AI Growth Zones” will include enhanced access to electricity and easier planning […]
Breadcrumb Trail Links PMN Business Justin Trudeau says Canada is ready to respond with counter-tariffs against the US if President-elect Donald Trump follows through on his threat to begin a trade war in North America. Author of the article: Bloomberg News Curtis Heinzl Published Jan 12, 2025 • Last updated 1 hour ago • 3 minute […]
Article content (Bloomberg) — JPMorgan Chase & Co.’s Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security. Article content “Like any tool, if it’s misused it can do damage too,” the chief executive officer of the largest US bank said in an interview on CBS […]
Breadcrumb Trail Links PMN Business Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jan 11, 2025 • […]
Article content (Bloomberg) — Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. Article content The company sees an opportunity to move “several hundred thousand” more barrels of oil a day within the US in the next […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz amped up on criticism of US President-elect Donald Trump over the integrity of borders during an animated speech meant to motivate Social Democrats ahead of a federal election next month. Author of the article: Bloomberg News Michael Nienaber and Arne Delfs Published Jan 11, 2025 • […]
Breadcrumb Trail Links PMN Business Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter storm sweeps in during what’s projected to be a frigid month. Author of the article: Bloomberg News Barbara Powell and Nathan Risser Published Jan 09, 2025 • 2 minute read […]
Breadcrumb Trail Links PMN Business President Joe Biden said he was increasing federal assistance to California as the state deals with raging wildfires that have ravaged communities and that he had urged Governor Gavin Newsom to spare no expense in combating the deadly flames. Author of the article: Bloomberg News Josh Wingrove Published Jan 09, […]