Article content (Bloomberg) — Germany has a potential hole in its 2024 budget of as much as €24 billion ($26.4 billion), though the exact figure is still very much up in the air, according to a senior lawmaker from Chancellor Olaf Scholz’s ruling coalition. The government in Berlin has been forced to overhaul its finance […]
Article content (Bloomberg) — Honda Motor Co. will invest ¥500 billion ($3.4 billion) in its electric motorcycle business by 2030 and has raised its target for their annual sales to 4 million units for that year, up from a previous goal of 3.5 million. The company plans to introduce 30 new electric motorcycle models worldwide […]
Article content (Bloomberg) — UK development bank British International Investment is still willing to consider funding energy projects in Africa that run on natural gas if they increase electricity access on the continent, according to officials. As the world gears up for the next round of United Nations Climate talks, which start in Dubai on […]
Article content (Bloomberg) — UK inflation is becoming more “home-grown” and will be “challenging to squeeze out of the system,” according to Bank of England Deputy Governor Dave Ramsden. Speaking in a Bloomberg TV interview from Hong Kong, Ramsden said monetary policy would have to stay “restrictive for an extended period of time” in order […]
Article content (Bloomberg) — The world’s best-performing IPO stock this year is a little known Indonesian coal mining company that’s backed by one of Southeast Asia’s richest men. PT Petrindo Jaya Kreasi has soared more than 2,900% since it listed in March following a $25 million offering. Yet it still has no analyst coverage, is […]
Article content (Bloomberg) — Kenya has dropped plans to tap international capital markets this fiscal year due to the high cost of dollar debt, according to Treasury Secretary Njuguna Ndung’u. The East African nation will seek cheaper concessional funding instead, Ndung’u told the state-run MyGov newspaper. It will return to international debt markets “when conditions […]
Article content (Bloomberg) — Bank of England Governor Andrew Bailey suggested that interest-rate cuts are unlikely for the “foreseeable future” as he warned that the second half of the inflation battle will be “hard work.” He said in an interview with the Newcastle Chronicle newspaper published Monday that the recent step down in UK inflation […]
Article content (Bloomberg) — Freezing temperatures are spreading across Europe, with snow forecast from Germany to the UK, testing energy systems in a second winter without the bulk of Russian fuel supplies. Berlin is set for a low of -4.5C on Tuesday and Wednesday, while Helsinki won’t get above -8C on Monday, according to forecaster […]
Article content (Bloomberg) — A Black Sea storm left half a million people without power in Crimea and halted crude loadings at Russia’s Novorossiysk and the CPC terminal, leading to an oil-production drop in Kazakhstan. Authorities in Russian-occupied Crimea declared Monday a non-working day as the storm reaching wind speeds of 40 meters per second […]
Breadcrumb Trail Links PMN Business Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition. Author of the article: Bloomberg News Eddie Spence and Annie Lee Published Nov 26, 2023 • 3 minute read Join […]