Article content (Bloomberg) — Hungary and Russia are working to resume oil flows after they were halted due to alleged legal problems in Ukraine, according to Hungary’s top diplomat. Mol Nyrt., the Hungarian energy company, and Lukoil PJSC, the Russian oil firm, are working on finding a solution, Foreign Minister Peter Szijjarto said late Tuesday […]
Article content (Bloomberg) — PepsiCo Inc. struck an agreement with fertilizer giant Yara International ASA to secure lower-emission crop nutrients for farmers it buys from in Europe, as food and beverage companies push to become greener. Yara will initially mostly supply PepsiCo farmers with traditional products made using natural gas, but plans to boost volumes […]
Article content (Bloomberg) — Ocado Group Plc shares surged as the provider of robotic warehouses narrowed its losses, even after delays from some key customers. The British company nearly halved its pretax loss for the first half of the year to £154 million ($200 million), a better result than analysts expected, and said cash flow […]
Breadcrumb Trail Links PMN Business Saudi Arabia faces the most precarious moment yet of its economic reinvention. Author of the article: Bloomberg News Abeer Abu Omar Published Jul 14, 2024 • 5 minute read b{virrqb}bz}9uhsb8o5a4(n_media_dl_1.png Bloomberg Article content (Bloomberg) — Saudi Arabia faces the most precarious moment yet of its economic reinvention. Eight years after […]
Breadcrumb Trail Links PMN Business Prime Minister Keir Starmer’s promise to “get Britain building again” will quickly face a shortage of skilled workers in the very industries he’s hoping will power the turnaround. Author of the article: Bloomberg News Irina Anghel Published Jul 13, 2024 • 6 minute read bmfuk5kgk4i)krqo8(utjemm_media_dl_1.png Office for National Statistics, Article […]
Breadcrumb Trail Links PMN Business In French politics, the passionate leader of the Green Party is known as “the other Marine” for her opposition to Marine Le Pen, and she’s now stealing a march on her far-right namesake. Author of the article: Bloomberg News Tara Patel Published Jul 13, 2024 • 4 minute read t35lbfk4gxr2cnq7[]a46b69_media_dl_1.png […]
Breadcrumb Trail Links PMN Business Canadian Finance Minister Chrystia Freeland denied that there’s growing friction between her office and that of Prime Minister Justin Trudeau. Author of the article: Bloomberg News Brian Platt Published Jul 12, 2024 • 3 minute read Chrystia Freeland, Canada’s deputy prime minister and finance minister, during an interview in New […]
Article content (Bloomberg) — European natural gas prices are poised for their biggest weekly loss in over two months as the region’s supply risks ease. Benchmark futures are set for a drop of around 6% since Monday, even as contracts fluctuated on Friday. That’s the biggest weekly decline since at least April, when traders […]
Article content (Bloomberg) — Sweden’s underlying inflation slowed more than expected last month, paving the way for the Riksbank to continue taking borrowing costs lower. The core inflation rate, which strips out energy costs and the effect of interest-rate changes, dropped to 2.3% in June, according to a statement from the statistics office on Friday. […]
Article content (Bloomberg) — Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of electric vehicle batteries, is in talks to launch a $1.5 billion fund to expand its global supply chain, according to a person with knowledge of the plans. The battery giant has approached sovereign wealth funds and key customers like Mercedes-Benz Group […]