Article content (Bloomberg) — Atos SE chose a group led by Onepoint, its top shareholder, to take over the heavily indebted French IT company and will work with creditors to secure the refinancing offer. The board chose Onepoint’s proposal, which includes new equity and reduced debt, over a second bid from billionaire Daniel Kretinsky’s EP […]
Article content (Bloomberg) — Volkswagen AG and Isuzu Motors Ltd. have expressed skepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries. While the government in February announced that automakers will be allowed to claim a 150% tax deduction on investment in facilities to make the vehicles, the local heads of both companies […]
Breadcrumb Trail Links PMN Business Spain, Portugal, Greece are among the euro area’s fastest growing economies. Author of the article: Bloomberg News Eleni Chrepa and Macarena Munoz Montijano Published Jun 10, 2024 • 5 minute read A restaurant on the Tagus river in Lisbon. While mass tourism is still a large part of Southern Europe’s […]
Article content (Bloomberg) — The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining a typical single-family home — not including mortgage payments — totaled […]
Breadcrumb Trail Links PMN Business Prime Minister Narendra Modi, heading into his third term with a weakened mandate, wants India to embrace a new “green era” at the forefront of climate diplomacy and clean technology. Author of the article: Bloomberg News Rajesh Kumar Singh and Lou Del Bello Published Jun 08, 2024 • 3 minute […]
Breadcrumb Trail Links PMN Business A slump in the price of natural gas and the prospect of a glut in the years ahead is spurring sales of trucks and ships powered by the fuel, hastening a long-term shift away from oil in the top importer. Author of the article: Bloomberg News Bloomberg News Published Jun […]
Breadcrumb Trail Links PMN Business Banks are dumping assets and many of them are turning to a booming sector of the bond market to do so. Author of the article: Bloomberg News Immanual John Milton, Dan Wilchins and Abhinav Ramnarayan Published Jun 08, 2024 • 5 minute read s}}e5nc8s[a3ep8mpd8o0lnk_media_dl_1.png Bloomberg News analysis of JPMor Article […]
Breadcrumb Trail Links PMN Business For months, Russia’s army has made only limited gains on the battlefield against Ukrainian troops starved of weapons and ammunition. That’s a growing challenge for President Vladimir Putin as his military’s advantage starts to erode. Author of the article: Bloomberg News Bloomberg News Published Jun 08, 2024 • 5 minute […]
Article content (Bloomberg) — Colombia is set to ban coal exports to Israel in a bid to pressure the government of Prime Minister Benjamin Netanyah to end the conflict in Gaza. The ministers of foreign affairs, finance, energy and trade decided to halt sales of the fuel to the Jewish state, according to a draft […]
Breadcrumb Trail Links PMN Business Sahra Wagenknecht founded her own pro-Russia party in January and is draining support from the far-right AfD Author of the article: Bloomberg News Arne Delfs Published Jun 07, 2024 • 4 minute read h9uq]y9eujdvfxd(kk123aoy_media_dl_1.png Europe Elects Article content (Bloomberg) — In the normally sleepy western German city of Saarbruecken near […]