Article content (Bloomberg) — The chairmen of Asia’s two largest automakers made a rare joint public appearance at an event to showcase their companies’ high-performance vehicles, underscoring the trend of rivals joining hands in the face of electrification. Toyota Motor Corp.’s Akio Toyoda and Hyundai Motor Group’s Euisun Chung were at a racing festival in […]
Article content (Bloomberg) — Rachel Reeves said her crucial first budget on Wednesday will be a “new settlement” for the UK, as she prepares to announce a package of tax rises and increased borrowing plans that will define British politics for the rest of the decade. “In 1945, we rebuilt after the war; in 1964, […]
Breadcrumb Trail Links PMN Business Russia continues a slow, grinding advance across the entire frontline in Ukraine as a close US election looms whose result will have major repercussions for Kyiv’s ability to fight back. Author of the article: Bloomberg News Ellen Milligan, Alberto Nardelli and Daryna Krasnolutska Published Oct 27, 2024 • 3 minute […]
Article content (Bloomberg) — A top official with a China-led development bank expressed faith in Beijing’s latest round of economic stimulus while cautioning that results may not be immediate. “It will take little bit more time but I’m confident that all these measures taken by the Chinese government will be effective,” Jin Liqun, president of […]
Article content (Bloomberg) — Russian demands in the Group of 20 that countries need to cooperate are a mockery given its invasion of Ukraine in 2022, Bundesbank President Joachim Nagel said, blaming part of Germany’s economic troubles on the war. “We shouldn’t forget where this all started,” Nagel said in Washington on Saturday. “The downturn […]
Article content (Bloomberg) — Senegal’s program with the International Monetary Fund needs to be reworked after an audit showed higher debt and budget deficit than previously reported. Authorities are aiming to meet all the conditions to reach a new agreement with the fund by the first quarter of 2025 at the latest, Finance Minister Cheikh […]
Breadcrumb Trail Links PMN Business A growing number of retirees are getting in on the climate fight, and they’re not afraid of getting arrested. Author of the article: Bloomberg News Olivia Rudgard Published Oct 26, 2024 • 6 minute read Cathy Fulkerson holds a Third Act brochure. Photographer: Emily Najera/Bloomberg Bloomberg Article content (Bloomberg) — […]
Article content (Bloomberg) — Mexico’s Senate voted to prohibit courts from challenging or suspending constitutional changes approved by Congress, an attempt to shield a battery of reforms from Supreme Court scrutiny as it reviews a controversial overhaul of the country’s judiciary. The Senate approved a proposed constitutional amendment to protect such reforms by a vote […]
Breadcrumb Trail Links PMN Business Mozambique’s ruling-party candidate was declared the runaway winner of presidential elections as tensions over fraud claims put the southeast African nation on edge and sent its bonds plunging. Author of the article: Bloomberg News Matthew Hill and Borges Nhamire Published Oct 24, 2024 • 2 minute read Article content (Bloomberg) […]
Article content (Bloomberg) — Brazil’s central bank is very concerned about inflation estimates that remain “way above” their goal and will do what is necessary to bring cost-of-living increases to target, International Affairs Director Paulo Picchetti said Wednesday. Speaking at an event in Washington, Picchetti said that while inflation has been decelerating, it has stabilized […]