Article content (Bloomberg) — Africa’s largest oil refinery is on the brink of producing significant volumes of gasoline, a landmark moment with the potential to transform the global market for the fuel. Nigeria’s giant new Dangote facility near the commercial hub of Lagos is on the verge of producing large amounts of the road fuel, […]
Breadcrumb Trail Links PMN Business Sahra Wagenknecht and her new BSW alliance of the far left are set to play a key role in keeping the Alternative for Germany out of power in Thuringia despite the far-right party’s victory in Sunday’s state election there. Author of the article: Bloomberg News Iain Rogers Published Sep 02, […]
Article content (Bloomberg) — Libya’s exact oil output was clouded in uncertainty, with three fields ordered to gradually resume pumping even as production at a major site was slashed further amid a feud between the OPEC nation’s rival governments. The Sarir field, which has a capacity of 145,000 barrels a day, has already restarted, while […]
Article content (Bloomberg) — South Korea’s export growth returned to a double-digit clip last month, an outcome that bodes well for the economic outlook and reflects the resilience of global demand for technology products. Shipments that reflect working-day differences increased 13.7% from a year earlier, according to data released Sunday by the customs office. Without […]
Breadcrumb Trail Links PMN Business Kyiv rushes to prevent long winter blackouts as energy woes grow after the largest Russian air strike on Ukraine so far Author of the article: Bloomberg News Volodymyr Verbianyi and Olesia Safronova Published Aug 31, 2024 • 3 minute read Article content (Bloomberg) — A summer house in the countryside east of Kyiv […]
Article content (Bloomberg) — A Dutch company has erected the world’s strongest crane to help meet soaring demand for massive new energy infrastructure — including giant wind turbines. The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new […]
Breadcrumb Trail Links PMN Business As most countries struggle to install clean energy fast enough, Germany tackled the industry’s toughest problem: slow permitting. Author of the article: Bloomberg News Marilen Martin and Akshat Rathi Published Aug 27, 2024 • 3 minute read Wind turbines at an onshore windfarm, opeated by Encavis AG, near Brandenburg an […]
Breadcrumb Trail Links PMN Business The topsy-turvy US presidential election has Wall Street racing to adjust its bets as Democratic party candidate Vice President Kamala Harris keeps surging in the polls against the once presumptive favorite, Republican former President Donald Trump. Author of the article: Bloomberg News Esha Dey Published Aug 27, 2024 • 4 […]
Article content (Bloomberg) — Shares in Saudi Arabia’s top telecom company rose the most in almost a decade after the company announced plans to boost quarterly dividends and said it may consider handing over more money to investors via special payments. Saudi Telecom Co. jumped more than 9.9% at the start of trading on the […]
Article content (Bloomberg) — Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its center. From Angola on the continent’s west coast to Tanzanian on the east, governments and investors are readying to revive decades-old rail […]