Breadcrumb Trail Links PMN Business With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease. Author of the article: Bloomberg News Jessica Menton Published Aug 05, 2023 • 3 minute […]
Article content (Bloomberg) — South African business leaders told President Cyril Ramaphosa that the jobless rate could rise to 38.1% by 2030 without urgent action to solve the country’s energy, logistics and crime crises. Article content The forecast, which compares with a current unemployment rate of 32.9%, was included in a presentation made by business […]
Breadcrumb Trail Links PMN Business Canadian Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signaling a more defensive tone on an issue where his main political rival has hit him hard. Author of the article: Bloomberg News Laura Dhillon […]
Breadcrumb Trail Links PMN Business UK Prime Minister Rishi Sunak will outline plans to bolster energy security on a visit Monday to Scotland amid growing disagreement over the government’s broader environmental policies. Author of the article: Bloomberg News Tom Rees Published Jul 30, 2023 • Last updated 33 minutes ago • 3 minute read Join the […]
Breadcrumb Trail Links PMN Business Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain. Author of the article: Bloomberg News Heejin Kim and Gabrielle […]
Breadcrumb Trail Links PMN Business (Bloomberg) — Australia’s policy tightening campaign is approaching its final stages, with money markets and economists divided over the timing of the Reserve Bank’s likely last interest-rate increase in this cycle. Author of the article: Bloomberg News Swati Pandey Published Jul 30, 2023 • 3 minute read Join the conversation […]
Article content (Bloomberg) — Any pause at an European Central Bank monetary-policy meeting could be followed by another increase in interest rates, according to President Christine Lagarde. Article content At the next meeting in September, “there could be a further hike of the policy rate or perhaps a pause,” she told Le Figaro newspaper. “A […]
Article content (Bloomberg) — The Economic Community of West African States may resort to the use of “force” if coup leaders in Niger do not reinstate the democratically elected regime of President Mohamed Bazoum. Article content “In the event that the authority’s demands are not met within one week, we will take all measures necessary […]
Article content (Bloomberg) — Canada’s federal government is poised to intervene in a labor dispute to ensure that the country’s busiest port remains open after dockworkers rejected a mediated agreement for the second time this month. Article content Labor Minister Seamus O’Regan Jr. said that he’s directed the Canada Industrial Relations Board to determine whether […]
Breadcrumb Trail Links PMN Business Hiring in the US probably increased at a healthy yet more moderate clip this month, representing a vote of confidence about the demand outlook after a solid first half of the year. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jul 29, 2023 • 5 minute […]