Article content (Bloomberg) — South Africa’s presidency, which is overseeing the deployment of $9.3 billion in climate finance, said it’s confident the country will meet its greenhouse gas emission reduction targets even as its keeps coal-fired plants open. South Africa won the funding from some of the world’s richest nations in a deal announced in […]
Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production. Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Breadcrumb Trail Links PMN Business Data center operators are shifting computing power to locations where the cleanest electrons are, in an effort to reduce tech’s carbon footprint. Author of the article: Bloomberg News Naureen S Malik Published Feb 25, 2024 • 5 minute read Join the conversation hjwwu1aawf{6g3tu]7bw5{q7_media_dl_1.png Source: Dominion Energy Article content (Bloomberg) — […]
Article content (Bloomberg) — Real estate services firm Avison Young (Canada) Inc. says it’s close to finishing a restructuring to clean up its balance sheet after it defaulted on a senior term loan, causing a ratings downgrade. “We have been focused on finalizing a transaction with our financial partners which will significantly strengthen Avison Young […]
Article content (Bloomberg) — Canada will provide Ukraine C$3 billion ($2.2 billion) in aid this year to prop up the war-ravaged economy and boost its military as Kyiv looks for ways to hedge against a potential shortfall in US assistance. The Canadian funding will help Ukraine’s government meet its balance of payments and budgetary needs, […]
Article content (Bloomberg) — German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization — was supposed to take effect at the start of the […]
Breadcrumb Trail Links PMN Business Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker. Author of the article: Bloomberg News Alberto Brambilla Published Feb 23, 2024 • 2 minute read Join the conversation Chimneys of Acciaierie d’Italia steel plant, formerly known as […]
Breadcrumb Trail Links PMN Business French Finance Minister Bruno Le Maire slammed the European Union for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness. Author of the article: Bloomberg News William Horobin and Jorge Valero Published Feb 23, 2024 • 3 […]
Breadcrumb Trail Links PMN Business The United Arab Emirates and Egypt agreed on a deal to develop premium land on the North African nation’s Mediterranean coast, with Abu Dhabi wealth fund ADQ saying it will lead a consortium that plans to invest $35 billion. Author of the article: Bloomberg News Mirette Magdy and Abdel Latif […]
Article content (Bloomberg) — Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada released Thursday. That followed a 0.9% jump in December, which beat the median […]