Article content STOCKHOLM (AP) — The Swedish government said Monday it wants to increase its defense budget by 28%, putting it on track to reach the military spending target 2% of gross domestic product set by the NATO alliance, which the Scandinavian country is preparing to join. “We are in the most serious security policy […]
Article content (Bloomberg) — Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate fell below $87 a barrel after a 2.3% advance last week. Technical gauges including the relative strength index suggest futures remain overbought. Oil has surged by almost […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Yucheng Tang Published Sep 10, 2023 • 4 minute read Join the conversation Article content BANGKOK (AP) — Xinyu Wen traveled to Thailand in June, planning a two-week vacation around Bangkok’s Pride parade. Instead, the 28-year-old stayed a month and a half, as […]
Breadcrumb Trail Links PMN Business Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast. Author of the article: Bloomberg News Monica Raymunt, William Wilkes and Stefan Nicola Published Sep 10, 2023 • 9 minute read Join the conversation Article content (Bloomberg) — Shortly after taking the most important job in German […]
Article content (Bloomberg) — Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to an […]
Article content OMAHA, Neb. (AP) — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world’s largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems. Federal Railroad Administrator Amit Bose wrote a letter to UP’s top […]
Breadcrumb Trail Links PMN Business Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy system, as extreme heat becomes a threat to fuel supply. Author of the article: Bloomberg News Serene Cheong, Sharon Cho and Yongchang Chin Published Sep 09, 2023 • 3 minute […]
Article content (Bloomberg) — Prime Minister Rishi Sunak said British welfare claimants saw a “huge” rise in their benefits this year, and signalled that real-terms cut could be on the cards ahead of the general election. Sunak said he wanted to “reassure families” who receive benefits that he was “always going to make sure that […]
Article content (Bloomberg) — Mexican opposition presidential candidate Xochitl Galvez said she doesn’t plan to privatize the state-owned oil company Petroleos Mexicanos, contradicting recent comments by President Andres Manuel Lopez Obrador. Galvez said she also won’t privatize the utility Comision Federal de Electricidad. Her plan is to modernize both companies and protect the planet with […]
Breadcrumb Trail Links PMN Business President Andres Manuel Lopez Obrador’s big projects are a driving force behind the Mexican government’s plans to boost spending and widen the budget gap in 2024, consolidating his legacy before the next presidential election. Author of the article: Bloomberg News Alex Vasquez Published Sep 09, 2023 • 3 minute read […]