Article content (Bloomberg) — Goldman Sachs Group Inc. economists revamped their outlook for the Federal Reserve, seeing a steady course of interest-rate cuts that begins in March. Goldman’s economics team, led by Jan Hatzius, anticipates that the Fed’s preferred inflation gauge — the core PCE price index, which excludes volatile food and energy costs — […]
Article content (Bloomberg) — South African inflation slowed amid a sharp decline in fuel prices although other categories remained elevated, sending mixed signals to the central bank, which has cautioned it remains wary of ongoing cost pressures. The consumer price index rose 5.5% in November from a year earlier after a 5.9% gain in October, […]
Article content (Bloomberg) — The head of Saudi Arabia’s largest chemicals producer warned of another difficult year for the industry in 2024, as the outlook for the global economy remains weak. Demand for chemicals — used to make plastics that go into anything from cars to mobile phones — has been hit by sluggish growth […]
Article content (Bloomberg) — Czech inflation eased in November but remained well above the target as policymakers are deciding whether to start cutting borrowing costs later this month or hold off until next year. Consumer prices rose 7.3% from a year earlier, compared with 8.5% in the previous month, the statistics office in Prague said […]
Breadcrumb Trail Links PMN Business Supercharging crop seeds to better withstand drought. Breeding cows that burp out less methane. And tracking cattle to prevent deforestation. Author of the article: Bloomberg News Agnieszka de Sousa Published Dec 10, 2023 • 4 minute read Join the conversation hi0)rkpsirmmgy7l52b)w(uc_media_dl_1.png Source: Climate Policy Initiativ Article content (Bloomberg) — Supercharging […]
Breadcrumb Trail Links PMN Business China’s climate envoy said his team at COP28 is in intensive talks with the US and others to find language on fossil fuels that can bring the two-week climate summit to a successful close. Author of the article: Bloomberg News Alfred Cang Published Dec 10, 2023 • 4 minute read […]
Breadcrumb Trail Links PMN Business “The thing I worry about most is humans losing capability” over the machines, said Rene Haas, Chief Executive Officer of Arm Holdings Plc, when asked what keeps him up at night when he thinks about artificial intelligence. “You need some override, some backdoor, some way that the system can be shut down.” Author […]
Article content (Bloomberg) — COP28 Daily Reports: Sign up for the Green Daily newsletter for comprehensive coverage of the climate summit right in your inbox. Azerbaijan is set to be announced as the host of next year’s global climate talks following a meeting of eastern European countries in Dubai on Saturday, according to people close […]
Breadcrumb Trail Links PMN Business Once dismissed by Chancellor Olaf Scholz as just a ‘bad mood party,’ the AfD increasingly finds itself capturing the national mood — and dictating it. Author of the article: Bloomberg News Arne Delfs Published Dec 09, 2023 • 7 minute read Join the conversation Alice Weidel during an interview in her office. Photographer: […]
Article content (Bloomberg) — Slovakia’s sovereign credit score was cut one notch by Fitch Ratings, which cited concerns that the new government of Prime Minister Robert Fico will struggle to rein in a widening budget deficit after a series of costly spending promises. The rating company lowered its assessment for the euro-area member state to […]