(Bloomberg) — Clothing companies and gadget makers are among manufacturers across Asia seeing early signs of cooling demand from their global customers as soaring inflation takes hold. Read More
(Bloomberg) — Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. Read More
(Bloomberg) — A gathering of trade ministers of the Asia-Pacific Economic Cooperation group failed to issue a customary joint statement, a day after the US and Russia staged a tit-for-tat walkout during their presentations at the meeting. Read More
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 21, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Days after global finance chiefs described the widespread economic fallout […]
Article content (Bloomberg) — Siemens Energy AG will offer to buy the shares in Siemens Gamesa Renewable Energy SA it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker. Siemens Energy has agreed to offer 18.05 euros per Siemens Gamesa share to fully acquire the company, it […]
Article content (Bloomberg) — J. M. Smucker Co. is recalling some Jif peanut butter products sold in the US and Canada because of potential Salmonella contamination. The Orrville, Ohio-based company on Saturday expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the US. […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Michael P. Regan and Vildana Hajric Article content By Michael P. Regan and Vildana Hajric (Bloomberg) — Daniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience […]
Article content (Bloomberg) — Olaf Scholz’s Social Democratic Party lost a regional election for the second straight week, suffering a fresh blow amid wavering support for the German chancellor’s Ukraine policy. The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 14, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Group of Seven finance chiefs are set to make their biggest appraisal yet of how the world has changed since the start […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European Union cut its prediction for 2022 euro-area growth and almost doubled its estimate for inflation, according to new draft projections. In the first forecast since the outbreak of war in Ukraine, the European Commission will say gross […]