Category: energy

Dec 28

Senegal’s Sonko Bypasses Parliament to Adopt 2025 Budget

Article content (Bloomberg) — Senegal’s Prime Minister Ousmane Sonko waved through next year’s budget, bypassing a parliamentary vote on the 6.4 trillion CFA-franc ($10.2 billion) package.  Article content The plan is considered adopted unless a motion of censure is submitted in the next 24 hours, according to a letter from President Bassirou Diomaye Faye read […]
Dec 25

Russia Attacks Ukraine Energy Network in Christmas Assault

Article content (Bloomberg) — Russia launched a large-scale missile attack on Ukraine’s energy infrastructure, prompting the country’s grid operator to limit power supplies on Christmas Day.  Article content Ukrainian President Volodymyr Zelenskiy said on Telegram Wednesday the assault from Moscow included 70 missiles, some of them ballistic, and more than 100 attack drones. Russia separately […]
Dec 21

Iceland’s Social Democrats Reach Deal for New Government

Breadcrumb Trail Links PMN Business Iceland’s new ruling coalition agreed on a platform of budget restraint to fight inflation and a referendum on continuing European Union entry talks. Author of the article: Bloomberg News Ragnhildur Sigurdardottir Published Dec 21, 2024  •  Last updated 7 hours ago  •  2 minute read Article content (Bloomberg) — Iceland’s new […]
Dec 21

Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown

Breadcrumb Trail Links PMN Business Chinese curbs on exports of three niche metals to the US have already rattled the market. Now, a bigger clampdown looks set to have far-reaching ramifications for supply chains feeding American defense and chip-making industries. Author of the article: Bloomberg News Bloomberg News Published Dec 21, 2024  •  8 minute […]
Dec 18

Kretinsky’s EPH to Buy Enel’s Stake in Main Slovak Power Utility

Article content (Bloomberg) — Czech billionaire Daniel Kretinsky’s industrial holding agreed to buy Enel’s stake in Slovenske Elektrarne, Slovakia’s main energy utility that also owns nuclear power plants. Article content Kretinsky’s Energeticky a Prumyslovy Holding AS will acquire the remaining 50% stake in Slovak Power Holding BV from Enel Produzione SpA, exercising an early call […]