Category: PMN Business

Feb 28

Dubai’s sky-high aspirations find a new outlet as it hosts a jet suit race for ‘Iron Man’ pilots

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jon Gambrell Published Feb 28, 2024  •  Last updated 10 minutes ago  •  3 minute read Join the conversation Article content DUBAI, United Arab Emirates (AP) — Pilots lined up on a runway in Dubai on Wednesday and fired up their seven jet engines […]
Feb 27

Latvia extends an entry ban on Russian tourists until March 2025 citing Moscow’s war in Ukraine

Article content HELSINKI (AP) — Latvia’s government has extended restrictions on the entry of Russian citizens into the Baltic country until next year, citing Moscow’s full-scale invasion of Ukraine which officials say is “still posing a threat to the internal security of Latvia.” The Cabinet of Prime Minister Evika Siliņa decided Tuesday to lengthen the […]
Feb 27

South Africa Says Emissions Will Fall Even as It Delays Closing Coal Plants

Article content (Bloomberg) — South Africa’s presidency, which is overseeing the deployment of $9.3 billion in climate finance, said it’s confident the country will meet its greenhouse gas emission reduction targets even as its keeps coal-fired plants open.  South Africa won the funding from some of the world’s richest nations in a deal announced in […]
Feb 26

Trans Mountain Pipeline Seen Driving Canadian Oil to Three-Year High

Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production.   Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Feb 25

AI Is Exploding Data Center Energy Use. A Google-Created Technique May Help

Breadcrumb Trail Links PMN Business Data center operators are shifting computing power to locations where the cleanest electrons are, in an effort to reduce tech’s carbon footprint. Author of the article: Bloomberg News Naureen S Malik Published Feb 25, 2024  •  5 minute read Join the conversation hjwwu1aawf{6g3tu]7bw5{q7_media_dl_1.png Source: Dominion Energy Article content (Bloomberg) — […]
Feb 25

Why drought on the prairies is making your steak more expensive

Breadcrumb Trail Links PMN Business PMN Agriculture Author of the article: The Canadian Press Amanda Stephenson Published Feb 25, 2024  •  4 minute read Join the conversation Butcher John Wildenborg works in his independent meat shop in Calgary, Wednesday, Feb. 14, 2024. Photo by Jeff McIntosh /The Canadian Press Article content CALGARY — Ask John […]
Feb 24

Real Estate Firm Avison Young Nears Restructuring After Default

Article content (Bloomberg) — Real estate services firm Avison Young (Canada) Inc. says it’s close to finishing a restructuring to clean up its balance sheet after it defaulted on a senior term loan, causing a ratings downgrade.  “We have been focused on finalizing a transaction with our financial partners which will significantly strengthen Avison Young […]