Article content HAVANA (AP) — The Cuban government said Friday it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies. President Miguel Diaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1% and 2% this year, […]
Article content BUDAPEST, Hungary (AP) — One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub for EV manufacturing. BYD will construct the plant near […]
Article content BANGKOK (AP) — Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the center for its European operations, BYD said in a notice on its Weibo social media account. […]
Article content (Bloomberg) — Billionaire Gautam Adani’s renewable energy unit is planning to raise at least $2 billion in mostly new debt next year, people familiar with the matter said, as it capitalizes on renewed confidence among creditors in its ambitious expansion plans. Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement […]
Article content (Bloomberg) — Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year. Adani Green Energy Ltd. is looking to issue preferential shares to the […]
Article content (Bloomberg) — Abu Dhabi National Oil Co. submitted an increased preliminary takeover bid for German chemical company Covestro AG and offered concessions to pave the way for the start of detailed due diligence, people with knowledge of the matter said. State-owned Adnoc made a fresh proposal of about €60 a share, valuing Covestro […]
Article content (Bloomberg) — A slowdown in UK inflation may be exciting economists and stoking bets that the Bank of England will cut interest rates, but the price of a traditional English breakfast is a reminder of the cost pressures still facing many families. The average cost of ingredients for a “fry-up” is still more […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Samuel Petrequin Published Dec 20, 2023 • 2 minute read Join the conversation Article content BRUSSELS (AP) — Former Chelsea owner Roman Abramovich lost in his legal attempt to overturn sanctions slapped by the European Union for his role in Russia’s invasion of […]
Article content WASHINGTON (AP) — President Joe Biden is aiming to use a visit to the battleground state of Wisconsin on Wednesday to spotlight a surge in federal government support for Black-owned small businesses during his White House tenure and to highlight his administration’s efforts to ramp up investment in distressed communities. The Small Business […]
Article content BERLIN (AP) — Germany’s federal prosecutor has filed a motion for asset forfeiture concerning more than 720 million euros ($789 million) of frozen Russian money. The prosecutor’s office said Wednesday that the aim of the motion, which was filed on July 7, is to seize the money deposited by a Russian financial institution […]