Article content (Bloomberg) — China has lodged a complaint with the World Trade Organization over the European Union’s decision to impose anti-subsidy duties on Chinese electric vehicles, escalating a dispute that’s straining their already fraught relationship. Beijing brought the case to the WTO’s dispute settlement mechanism on Friday, according to a statement from the Ministry […]
Article content (Bloomberg) — Electric vehicles and plug-in hybrids likely surpassed 50% of all vehicles sales in China for the first time in July, even as the overall number of cars sold fell, marking a key milestone in the country’s auto market. Sales of electric vehicles and plug-in hybrids, which are counted under the category […]
Article content (Bloomberg) — South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P Global Market Intelligence. These challenges have left Africa’s most industrialized economy struggling to sustain growth for the last decade. READ: South Africa Can Fix Backlogged Ports in a Year, Minister Says […]
Article content (Bloomberg) — In the picturesque Bavarian city of Augsburg, 500 homes will soon be kept warm using excess heat from a nearby Rolls Royce Solutions factory. In Leipzig, a similar project involving a TotalEnergies SE refinery received federal funding last month. The efforts mark part of a broader push to turn Germany’s massive […]
Article content (Bloomberg) — Infineon Technologies AG Chief Executive Officer Jochen Hanebeck said that “full-scale recovery is not yet in sight” after the hoped-for resurgence in the electric vehicle market was delayed. Sales fell 9.5% to €3.7 billion ($4 billion) in the quarter from the same period a year ago, the company said in a […]
Breadcrumb Trail Links PMN Business Searing temperatures wreak havoc on transit and power lines Author of the article: Bloomberg News Nacha Cattan and Sri Taylor Published Aug 05, 2024 • 6 minute read Commuters at the New Jersey Transit train platform at Penn Station in New York on June 18. Photographer: Yuki Iwamura/Bloomberg Photo by […]
Breadcrumb Trail Links PMN Business A slice of Abu Dhabi has come to El-Arish, a small city in Northern Sinai about 50 kilometers from Gaza. Once rarely visited by outsiders, the coastal spot now teems with Emirati volunteers wearing cargo pants and beige vests adorned with the flag of the United Arab Emirates. Author of […]
Breadcrumb Trail Links PMN Business China’s economy has leaned on industrial production to keep growing this year, and data in the coming week will provide clues on how strong that support remains. Author of the article: Bloomberg News Katia Dmitrieva and Craig Stirling Published Aug 03, 2024 • Last updated 4 hours ago • 7 minute […]
Article content (Bloomberg) — Venture Global LNG Inc., a US liquefied natural gas developer, is requesting a court order to prevent the release of confidential information to Shell Plc amid contract disputes between the two companies over a facility in Louisiana. The Arlington, Virginia-based company petitioned for a temporary restraining order and preliminary injunction against […]
Breadcrumb Trail Links PMN Business Low-income Americans propelled Biden to 2020 win — then soured on him Author of the article: Bloomberg News Amara Omeokwe, Mark Niquette and Jeff Green Published Aug 03, 2024 • 6 minute read lkvpds8ag9432q3bluo{82cw_media_dl_1.png Bloomberg Article content (Bloomberg) — Kamala Harris’s sudden ascent to the top of the Democratic ticket is showing signs of reinvigorating […]