Category: PMN Business

Nov 10

ANC Leader Says Climate Pact Causing South African Power Cuts

Article content (Bloomberg) — Fikile Mbalula, the secretary general of South Africa’s ruling African National Congress, reiterated a discredited claim that an $8.8 billion climate finance pact is responsible for the recurrent power outages in the country. Mbalula, speaking at a debate between political party leaders in Johannesburg on Thursday, said the closure of coal-fired […]
Nov 10

The Great Grift: COVID-19 fraudster used stolen relief aid to purchase a private island in Florida

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Richard Lardner Published Nov 10, 2023  •  6 minute read Join the conversation Article content YANKEETOWN, Fla. (AP) — A freshwater spring bubbles amid the mangroves, cabbage palms and red cedars on Sweetheart Island, a two-acre uninhabited patch of paradise about a mile […]
Nov 8

China’s Xi urges countries unite in tackling AI challenges but makes no mention of internet controls

Article content BEIJING (AP) — Chinese President Xi Jinping said Wednesday that potential risks associated with artificial intelligence are challenges that countries should deal with together, remarks that come against the backdrop of China’s rigid control of free speech on the internet. At the same time, China has also maximized the internet’s economic benefits and […]
Nov 8

US plans to build a $553 million terminal at Sri Lanka’s Colombo port in rivalry with China

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Bharatha Mallawarachi And Didi Tang Published Nov 08, 2023  •  4 minute read Join the conversation Article content COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of […]
Nov 8

Strained Schools in US Shale Oil Capital Snag $1.4 Billion Bond

Article content (Bloomberg) — Voters approved a $1.4 billion bond sale to refurbish and expand the aging, overcrowded school system in Midland, Texas, the unofficial shale-oil capital of the US, preliminary results show.  The school spending package — the largest ever in the district’s history — was approved by a 56%-to-44% margin Tuesday, according to […]
Nov 7

RBA Resumes Rate Hikes, Lifts Hurdle to Further Tightening

Breadcrumb Trail Links PMN Business Australia’s central bank resumed raising interest rates on Tuesday in a widely anticipated move, while signaling a higher hurdle to further policy tightening that pushed the local currency lower. Author of the article: Bloomberg News Swati Pandey Published Nov 07, 2023  •  4 minute read Join the conversation bpwoasrg1u00u9{droi6c]3h_media_dl_1.png Bloomberg […]
Nov 7

UK’s Greenest Buildings Defy Property Crisis With Better Returns

Article content (Bloomberg) — Only the greenest of UK’s commercial properties delivered positive investment returns over the last two-and-a-half years, according to a new sustainability index developed by CBRE Group Inc.  Buildings with the top A or B Energy Performance Certificate ratings posted annualized returns of 1.1% from the start of 2021 through the end […]