Article content (Bloomberg) — China plans to launch three unmanned missions to the moon over the next 10 years, as it seeks to rival the US in the new era of space exploration. China’s National Space Administration, its equivalent of NASA, received approval to send three orbiters to the moon as part of the Chang’e […]
Article content (Bloomberg) — Germany and Europe are prepared to weather the fallout should Russia decide to halt gas deliveries altogether, the country’s chancellor Olaf Scholz said in a statement Saturday. Article content Germany has prepared “for Russia to largely cut off gas supplies because of the war against Ukraine,” Scholz said, adding his country […]
Article content (Bloomberg) — One member of the European Central Bank’s Governing Council must be savoring a particular sense of vindication right now. Article content Traditionally one of the most hawkish members, Robert Holzmann was calling for up to 125 basis points of tightening already at the beginning of July when official guidance left room […]
Article content (Bloomberg) — Power output at Europe’s newest reactor is set to hit a landmark 1,000 megawatts overnight as it ramps up toward full production, bringing some relief to the region’s strained market. Finland’s Olkiluoto-3 nuclear unit will provide much-needed supplies to the Nordic nation’s taut power system when it reaches full capacity later […]
Article content (Bloomberg) — The euro-area economy expanded by more than initially estimated in the second quarter, with the revision revealing greater support from consumer and government spending. Article content Output rose 0.8% from the previous three months — stronger than an earlier reading of 0.6% — as gains in consumption expenditure more than offset […]
Breadcrumb Trail Links PMN Business One of Wall Street’s biggest bears is turning even more pessimistic on the outlook for US earnings against the backdrop of a slowdown in economic growth. Author of the article: Bloomberg News Sagarika Jaisinghani Publishing date: Sep 06, 2022 • 10 minutes ago • 1 minute read • Join the conversation […]
Breadcrumb Trail Links PMN Business Lawmakers in Sweden and Finland are on Monday set to review their $33 billion emergency backstop plans devised over the weekend to prevent utilities from defaulting after a fresh surge in energy prices. Author of the article: Bloomberg News Kati Pohjanpalo and Lars Paulsson Article content (Bloomberg) — Lawmakers in […]
Breadcrumb Trail Links PMN Business OPEC+ will discuss options including an output cut of 100,000 barrels a day at its meeting on Monday, a delegate said, as concerns about a weakening economy and slowing demand come to the fore. Author of the article: Bloomberg News Salma El Wardany Publishing date: Sep 05, 2022 • 10 minutes […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz’s coalition has sealed a relief plan worth about 40 billion euros ($40 billion) to help millions of households cope with soaring electricity prices amid Europe’s harshest energy crunch in decades, a person familiar with the matter said. Author of the article: Bloomberg News Birgit Jennen, Michael […]
Breadcrumb Trail Links PMN Business The Zaporizhzhia nuclear power plant in southeast Ukraine went offline again late Saturday, two days after a delegation from the UN’s nuclear agency visited. It continues to supply electricity to the grid via a reserve line, the International Atomic Energy Agency said. Author of the article: Bloomberg News Bloomberg News […]