Article content (Bloomberg) — Legislation that would tie the release of oil from US emergency stockpiles to more federal oil and gas production was passed by the House, as Republicans use their majority to highlight the Biden administration’s historic drawdown from the Strategic Petroleum Reserve. Article content The Strategic Production Response Act, which was approved […]
Breadcrumb Trail Links PMN Business Australian central bank chief Philip Lowe’s prospects for an extension of his role are far from clear-cut, according to economists, with some highlighting political hurdles to his reappointment. Author of the article: Bloomberg News Swati Pandey Published Jan 22, 2023 • 3 minute read Join the conversation e7tzs}tp7rz2b8dwhcwfg(nx_media_dl_1.png Bloomberg RSS […]
Breadcrumb Trail Links PMN Business Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies to make them more climate friendly. Author of the article: Bloomberg News Ania Nussbaum, Samy Adghirni and Michael Nienaber […]
Article content Well, hello again. The big talks: Prime Minister Rishi Sunak faces a massive coordinated strike action in early February, Alex Wickham reports. Planned walkouts by workers ranging from teachers to train drivers to nurses and ambulance workers, threaten to bring the country to a standstill. Pay deals are close with rail workers and firefighters, and the hope is for […]
Breadcrumb Trail Links Oil & Gas Energy Commodities Oilsands major underperformed its peers in second half of 2022, triggering a clause in last year’s peace agreement The Suncor Energy Edmonton Refinery. Photo by David Bloom/Postmedia files Article content Activist investor Elliott Investment Management LP appears poised to add a fourth member to Suncor Energy Inc.’s […]
Breadcrumb Trail Links PMN Business The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Author of the article: Bloomberg News Philip Aldrick Published Jan 16, 2023 • 3 minute read Join the conversation The logo the World Economic Forum (WEF) inside the […]
Breadcrumb Trail Links PMN Business President Joe Biden delivered a sermon on Sunday at Martin Luther King Jr.’s historic Ebenezer Baptist Church in Atlanta, testing out themes he’ll need to drive turnout of Black voters in his expected 2024 re-election campaign. Author of the article: Bloomberg News Akayla Gardner and Margaret Newkirk Published Jan 15, […]
Breadcrumb Trail Links PMN Business The China reopening story has emerged as global investors’ top hedge against a US recession, but caution is growing that its exact impact could vary across asset classes. Author of the article: Bloomberg News Karl Lester M. Yap Published Jan 15, 2023 • 4 minute read Join the conversation czjvtejr)lzuryvmpko4xy}s_media_dl_1.png […]
Article content Chancellor Olaf Scholz said Germany needs to increase its pace of expanding renewable power to reach its goal of becoming climate-neutral by 2045, even as Europe’s largest economy withstands the initial impact of Russia’s energy squeeze. Article content “We are getting through this winter” without a gas shortage, Scholz said Saturday at the […]
Breadcrumb Trail Links PMN Business Emmanuel Macron’s government presented a plan to gradually raise France’s minimum retirement age to 64 by 2030 from 62, defying labor unions that have pledged to resist the change with strikes and protests. Author of the article: Bloomberg News Ania Nussbaum and William Horobin Published Jan 10, 2023 • 3 […]