Breadcrumb Trail Links PMN Business Former Treasury Secretary Lawrence Summers criticized moves to apply political pressure on the Federal Reserve over its aggressive interest-rate hikes, after two Democratic senators wrote the central bank chief this week. Author of the article: Bloomberg News Christopher Anstey Publishing date: Oct 28, 2022 • 10 minutes ago • 2 minute […]
Article content (Bloomberg) — Ontario Teachers’ Pension Plan Board is considering a sale of Busy Bees Group Ltd., a provider of child daycare centers in the UK, according to people familiar with the matter. The Canadian investor is weighing selling part or all of Busy Bees, the people said, asking not to be identified discussing […]
Article content (Bloomberg) — Saudi Arabia has earmarked 10 billion riyals ($2.7 billion) to provide incentives for global supply firms to invest in the kingdom, part of plans to develop its economy as a hub for industrial companies. Article content Crown Prince Mohammed Bin Salman announced the plans as part of Saudi Arabia’s Global Supply […]
Breadcrumb Trail Links PMN Business Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton. Author of the article: Bloomberg News Sara Marley Article content (Bloomberg) — The big comeback: The UK will get another new prime minister this week after the resignation of Liz Truss. So far the frontrunner […]
Article content (Bloomberg) — Slovenians are voting Sunday for a new president who may consolidate the position of the left-leaning government or give ousted nationalist leader Janez Jansa an opening to exert his influence on the euro zone state. With the war in Ukraine roiling Europe’s economy and providing populists an opportunity to steer voters […]
Article content (Bloomberg) — Shell Plc lost its appeal against the Dutch advertising watchdog’s ruling that an ad campaign that promoted carbon-dioxide emission credits was misleading and must be withdrawn. Article content Shell’s advertisements offer customers the option to pay extra for their fuel, with the money going to buy credits in emission-reduction projects that […]
Article content (Bloomberg) — The French and Irish electricity systems are the most vulnerable this winter as Europe is contending with its worst energy crisis in decades. The region’s network will face the most stress in January and February, but France and Ireland could see issues before that, European grid group Entsoe said in its […]
Article content (Bloomberg) — The sweeping climate law signed by President Joe Biden will boost development of solar, wind and big batteries by at least 20% through 2030, accelerating what would already have been rapid growth, according to BloombergNEF, a clean-energy research group. Article content The Inflation Reduction Act’s long-sought tax credits for renewable technologies will […]
Breadcrumb Trail Links PMN Business Bitcoin mining companies are increasingly opting to sell equity, resorting to one of their least attractive options to raise money as profits dry up and higher interest rates makes borrowing more expensive. Author of the article: Bloomberg News David Pan ngq8unv[1u)mt173]1r[}jdm_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Bitcoin mining companies […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Article content The European Central Bank must press ahead with raising interest rates and reducing its balance sheet to ensure inflation expectations don’t unanchor and demand a more aggressive policy response, according to Governing Council member Joachim Nagel. Article […]