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 […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Hanna Arhirova, Karl Ritter And Monika Scislowska Published Dec 09, 2023 • 5 minute read Join the conversation Article content KORCZOWA, Poland (AP) — Pickup trucks and tourniquets bound for Ukraine’s battlefield are stuck in a mileslong line at the border with Poland. […]
Article content (Bloomberg) — Tesla Inc.’s Chinese deliveries rose in November as customers were motivated to place orders before the company increased prices on its electric vehicles. China deliveries totaled 65,504 EVs, a 5% increase from November 2022, data from the country’s Passenger Car Association showed Friday. Article content Since initiating a price war in […]
Article content (Bloomberg) — China Southern Power Grid Co., the country’s second-largest electricity supplier, is considering a bid for the stakes held by Canadian pension funds in Transelec SA, according to people familiar with the matter. The Chinese state-owned utility, which already holds almost 28% of Chile’s biggest power-transmission company, is working with a financial […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Ken Moritsugu Published Dec 08, 2023 • 4 minute read Join the conversation Article content BEIJING (AP) — From trade to human rights, the leaders of China and the European Union differed on a wide range of issues at a summit this week […]
Article content (Bloomberg) — A unit of Saudi Arabia’s Public Investment Fund is pumping further capital into its technology venture with China’s Alibaba Group, taking its total investment into the entity to about $200 million. Jada Fund of Funds, wholly owned by the Saudi PIF, is one of several regional and Asian funds participating in […]
Breadcrumb Trail Links PMN Business Fierce storms, especially in the US, were responsible for more than half of the world’s insured catastrophe losses this year, according to the Swiss Re Institute. Author of the article: Bloomberg News Leslie Kaufman Published Dec 07, 2023 • 3 minute read Join the conversation A family visits their destroyed […]
Breadcrumb Trail Links PMN Business Concept cars are created by automakers to showcase design and technology they think could become standard. This year, nine electric cars—and one truck—offered my favorite windows to the next phase of driving. Author of the article: Bloomberg News Hannah Elliott Published Dec 07, 2023 • 7 minute read Join the conversation The […]
Article content (Bloomberg) — Government-controlled refineries in India are joining billionaire Mukesh Ambani’s Reliance Industries Ltd. in seeking to take Venezuelan crude, intensifying competition with Chinese users for discounted barrels. State-owned Bharat Petroleum Corp. is in the market to buy from the producer, according to a person familiar with the development. Hindustan Mittal Energy Ltd., […]
Article content (Bloomberg) — A sudden jump in the share prices of Chinese lithium producers is spurring optimism that a rout in the electric vehicle battery metal may be coming to an end. China’s two biggest producers — Tianqi Lithium Corp. and Ganfeng Lithium Group Co. — closed up 6.5% and 7%, respectively, in Hong […]