Article content (Bloomberg) — Atos SE chose a group led by Onepoint, its top shareholder, to take over the heavily indebted French IT company and will work with creditors to secure the refinancing offer. The board chose Onepoint’s proposal, which includes new equity and reduced debt, over a second bid from billionaire Daniel Kretinsky’s EP […]
Article content (Bloomberg) — Volkswagen AG and Isuzu Motors Ltd. have expressed skepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries. While the government in February announced that automakers will be allowed to claim a 150% tax deduction on investment in facilities to make the vehicles, the local heads of both companies […]
Breadcrumb Trail Links PMN Business Indian Prime Minister Narendra Modi’s new cabinet will see the return of several old faces from his earlier administration, although there’s no clarity on the positions they’ll hold, including the key finance post. Author of the article: Bloomberg News Ruchi Bhatia, Shruti Srivastava and Swati Gupta Published Jun 10, 2024 […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Zimo Zhong Published Jun 10, 2024 • Last updated 25 minutes ago • 3 minute read FILE – Trader Michael Milano, center, works with colleagues on the floor of the New York Stock Exchange on May 30, 2024. World stocks are mixed on Friday, […]
Breadcrumb Trail Links PMN Business Spain, Portugal, Greece are among the euro area’s fastest growing economies. Author of the article: Bloomberg News Eleni Chrepa and Macarena Munoz Montijano Published Jun 10, 2024 • 5 minute read A restaurant on the Tagus river in Lisbon. While mass tourism is still a large part of Southern Europe’s […]
Article content (Bloomberg) — The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining a typical single-family home — not including mortgage payments — totaled […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Nick Perry Published Jun 10, 2024 • 5 minute read Article content VINEYARD HAVEN, Mass. (AP) — An 81-year-old woman on Martha’s Vineyard drove up to the Island Time dispensary last week seeking her usual order of pot. But owner Geoff Rose had […]
Breadcrumb Trail Links PMN Business Prime Minister Narendra Modi, heading into his third term with a weakened mandate, wants India to embrace a new “green era” at the forefront of climate diplomacy and clean technology. Author of the article: Bloomberg News Rajesh Kumar Singh and Lou Del Bello Published Jun 08, 2024 • 3 minute […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Published Jun 08, 2024 • Last updated 3 hours ago • 2 minute read Article content JACKSON, Wyo. (AP) — A large chunk of a twisting mountain pass road collapsed in Wyoming, authorities said Saturday, leaving a gaping chasm in the highway and severing […]
Breadcrumb Trail Links PMN Business A slump in the price of natural gas and the prospect of a glut in the years ahead is spurring sales of trucks and ships powered by the fuel, hastening a long-term shift away from oil in the top importer. Author of the article: Bloomberg News Bloomberg News Published Jun […]