Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Ron Bousso Published Jan 18, 2023 • 2 minute read Join the conversation Article content LONDON — The British North Sea’s biggest oil and gas producer Harbour Energy told its staff that it plans job cuts in the wake of a windfall tax […]
Article content LONDON — The European Union’s drug regulator has not identified any safety signals in the region related to U.S. drugmaker Pfizer Inc and German partner BioNTech’s updated COVID-19 shot, the agency said on Wednesday. On Friday, the U.S. Food and Drug Administration and the Centres for Disease Control and Prevention said that a […]
Article content MILAN — Italian asset manager Azimut expects to post a small loss on its business venture with UniCredit this year, but believes it will pay off in the longer term, its chairman said on Wednesday. “It’d be surprising if it didn’t show a slight loss for 2023 but there are doubtlessly profits ahead,” […]
Article content SAN FRANCISCO — Jury selection kicked off on Tuesday in a case brought by Tesla Inc shareholders who claim Elon Musk’s 2018 statement that funding was “secured” to take the electric car maker private amounted to fraud. The lawsuit in San Francisco federal court seeks damages for shareholders who bought or sold Tesla […]
Article content HOUSTON — The new head Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews them, according to an internal document seen by Reuters and two people familiar with the matter. The freeze is leading to port delays, as vessels that were loading have been sent away and […]
Article content India’s Maharashtra has entered a $2.5 billion partnership with Taiwan’s Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state, the parties said on Tuesday. The Indian company, Belrise Industries Ltd, and Gogoro will form an equal-stakes joint venture and invest the amount […]
Article content DAVOS, Switzerland (AP) — The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims. Notables from European Union chief Ursula von der Leyen to actor Idris Elba are […]
Article content LONDON — Pan-European stock exchange Euronext will shift clearing of derivatives trading to its new clearing arm in Italy by the third quarter of next year, it said on Monday, to compete directly with London Stock Exchange Group and Cboe. Euronext currently clears its derivatives transactions at LCH SA, owned by London Stock […]
Article content Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions in China raised hopes of a demand recovery in the world’s top crude importer. Brent crude fell $1.04, or 1.2%, to $84.24 a barrel by 1751 GMT. Article content U.S. West Texas Intermediate crude was down […]
Breadcrumb Trail Links PMN Business The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Author of the article: Bloomberg News Philip Aldrick Published Jan 16, 2023 • 3 minute read Join the conversation The logo the World Economic Forum (WEF) inside the […]