Category: PMN Business

Feb 26

Net Zero May Be Too Costly a Target for Europe, Vitol CEO Says

Breadcrumb Trail Links PMN Business European governments should be realistic about the costs to consumers and industry from pursuing strict net-zero emissions goals, according to the head of the world’s biggest independent oil trader. Author of the article: Bloomberg News Archie Hunter Published Feb 26, 2025  •  4 minute read r298pwg5maltght]s6izndi0_media_dl_1.png EPEX Article content (Bloomberg) […]
Feb 26

The Trump administration sets the stage for large-scale federal worker layoffs in a new memo

Article content WASHINGTON (AP) — Federal agencies must develop plans to eliminate employee positions, according to a memo distributed by President Donald Trump ‘s administration that sets in motion what could become a sweeping realignment of American government. Article content The memo expands the Republican president’s effort to downsize the federal workforce, which he has […]
Feb 25

Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says

Article content (Bloomberg) — US consumers are pulling back as they face down layoffs and impending tariffs, according to the chief executive officer of the company that owns the Lee and Wrangler brands.  Article content “The consumer right now is confused,” Kontoor Brands Inc. CEO Scott Baxter said during the company’s quarterly call with analysts. […]
Feb 24

Pennsylvania hostage-taking and shootout highlight rising violence against US hospital workers

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Mead Gruver Published Feb 24, 2025  •  3 minute read Article content A man who took hostages in a Pennsylvania hospital during a shooting that killed a police officer and wounded five other people highlights the rising violence against U.S. healthcare workers […]
Feb 24

Prabowo Aims to Send $20 Billion in Budget Savings to Danantara

Article content (Bloomberg) — Indonesia will channel $20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday. Article content The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food […]
Feb 24

Options Traders Line Up Hedges Before Pivotal Nvidia Earnings

Breadcrumb Trail Links PMN Business Even before Friday’s slide jolted the US stock market out of its calm, some traders were preparing for unrest. Author of the article: Bloomberg News Natalia Kniazhevich Published Feb 23, 2025  •  3 minute read ii)gzxr[0aw4nk1w{e4fclx4_media_dl_1.png Bloomberg Article content (Bloomberg) — Even before Friday’s slide jolted the US stock market […]