Breadcrumb Trail Links PMN Business The German government’s struggle to hammer out a revised budget after a shock court ruling last week not only gave a boost to the opposition but also stoked fresh infighting within the ruling coalition. Author of the article: Bloomberg News Arne Delfs, Kamil Kowalcze and Michael Nienaber Published Nov 26, […]
Article content (Bloomberg) — Australia is on track to cut its greenhouse emissions by 42% below 2005 levels by 2030, Climate and Energy Minister Chris Bowen said, citing new projections that will be released formally this week. That’s less than the Labor government’s 43% reduction target, but still an improvement from last year 40% estimate. […]
Breadcrumb Trail Links PMN Business The world’s most-developed nations will be told to curb their excessive appetite for meat as part of the first comprehensive plan to bring the global agrifood industry into line with the Paris climate agreement. Author of the article: Bloomberg News Agnieszka de Sousa Published Nov 25, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business European shares wavered after the latest economic data highlighted Germany’s struggle to recover from an energy-induced downturn last winter and the mounting impact of higher borrowing costs. Author of the article: Bloomberg News Matthew Burgess and Robert Brand Published Nov 24, 2023 • 3 minute read Join the conversation An […]
Breadcrumb Trail Links PMN Business Your morning roundup of key UK business news just in Author of the article: Bloomberg News Leonard Kehnscherper Published Nov 24, 2023 • 3 minute read Join the conversation Shoppers cross Oxford Street in central London, UK, on Thursday, Oct. 19, 2023. Retail sales are set to be a drag […]
Article content (Bloomberg) — A drop in household spending drove Germany’s contraction in the third quarter as Europe’s largest economy began what the Bundesbank reckons may be a recession. Gross domestic product shrank 0.1% in the three months through September, the statistics office reported Friday, confirming an initial reading. Consumer spending dropped 0.3% from the […]
Article content (Bloomberg) — The European Union is finalizing a decision to release as much as €1 billion ($1.1 billion) in EU funds for Hungary just as Prime Minister Viktor Orban is stepping up his attacks against the bloc and threatens to derail aid to Ukraine. The European Commission, the EU’s executive arm, is concluding […]
Article content (Bloomberg) — Australia plans to dramatically expand its policy to lure renewable energy investment to the country, Climate and Energy Minister Chris Bowen said, as concerns grow that the government is on track to miss its 2030 green energy targets. Officials intend to broaden the Capacity Investment Scheme to underwrite about 32 gigawatts […]
Article content (Bloomberg) — Thyssenkrupp AG wrote down the value of its steel business by a further €1.8 billion ($1.96 billion), the latest sign of German industry suffering due to high energy costs and a worsening economic outlook. That pushed the conglomerate to a €1.98 billion net loss for its financial year ended Sept. 30, […]
Article content (Bloomberg) — South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices, a risky move that will leave the top importer exposed to the volatile spot market. State-owned Korea Gas Corp. plans to rely on short-term deals or spot purchases to fill its supply needs, […]