Category: energy

Feb 9

Brookfield to Spend €20 Billion on France’s AI Infrastructure

Article content (Bloomberg) — Brookfield Asset Management plans to invest €20 billion ($20.7 billion) to develop data centers and AI infrastructure in France over the next five years, as the competition to dominate artificial intelligence intensifies among global powers.  Article content The New York-based investment firm has allocated €15 billion to data center investments, which […]
Feb 9

BP Faces Pivotal Moment as Activist Investor Elliott Enters Fray

Breadcrumb Trail Links PMN Business BP Plc’s dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one of the world’s most aggressive activist investors. Author of the article: Bloomberg News Mitchell Ferman and Dinesh Nair Published Feb 09, 2025  •  4 minute read hc8q[ew40ytbcwox8nr)bn3c_media_dl_1.png Bloomberg Article content […]
Feb 8

Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports

Article content (Bloomberg) — A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom.  Article content Restoration work is underway and the incident has had no impact on subscribers so far, according to the state-owned company.  Finnish media reported […]
Feb 2

‘Complete Betrayal’: Canada Reels as Trump Tariff Rattles Major Trading Relationship

Breadcrumb Trail Links PMN Business Canada braced for economic turmoil and began rolling out retaliatory trade measures after President Donald Trump signed an executive order imposing 25% tariffs on almost everything the US imports from the country, and 10% on energy. Author of the article: Bloomberg News Thomas Seal Published Feb 01, 2025  •  3 […]
Jan 31

Tokyo Inflation Hits Fastest Pace in a Year, Supporting BOJ View

Article content (Bloomberg) — The pace of price growth in Tokyo picked up, while other economic data suggested that Japan’s moderate recovery continues, backing the central bank’s economic outlook a week after authorities raised the benchmark rate again.  Article content Consumer prices excluding fresh food in the capital climbed 2.5% in January from a year […]
Jan 31

Trump Raised Millions From Crypto Firms for His Inauguration

Breadcrumb Trail Links PMN Business President Donald Trump’s inaugural committee received millions of dollars in donations from firms in the cryptocurrency industry that’s already seeing special attention from his administration, disclosures filed with the Senate Office of Public Records show. Author of the article: Bloomberg News Bill Allison Published Jan 30, 2025  •  2 minute […]