Article content (Bloomberg) — Europe’s energy crunch will likely trigger a contraction in the German economy next year for only the third time since the financial crisis, according to updated government forecasts published on Wednesday. Article content Gross domestic product is set to shrink by 0.4% in 2023 as soaring power costs crimp industrial output […]
Breadcrumb Trail Links PMN Business British firms were already facing a global energy crunch and post-pandemic inflationary pressures. Now, market chaos following the mini-budget has pushed up borrowing costs and darkened the outlook even further. Author of the article: Bloomberg News Julian Harris bavcub6486)}v4xik4ou8182_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — British firms were already facing […]
Article content (Bloomberg) — Nigeria’s dwindling crude output has forced its state-owned energy company to defer payments to some local gasoline suppliers by at least three months. Nigerian National Petroleum Co. imports all the nation’s gasoline for road transport, swapping most for crude with international traders including Vitol Group and TotalEnergies SE and domestic groups […]
Article content Britain is “extremely unlikely” to see blackouts this winter because it has a sufficient energy buffer and doesn’t get much of its gas supply from Russia, according to senior cabinet minister Nadhim Zahawi. Article content Zahawi, the Chancellor of the Duchy of Lancaster, said in an interview on the BBC that while the […]
Article content France’s premier and more than a dozen government ministers are visiting Algeria, the latest drive to rebuild ties with the North African nation that’s a major gas supplier for Europe. Article content Prime Minister Elisabeth Borne and officials including the finance, foreign affairs and interior ministers are due to arrive Sunday for the […]
Breadcrumb Trail Links PMN Business Vertical farming operations seek to improve food security on the storm-prone island, which imports 85% of what it eats. Author of the article: Bloomberg News Jim Wyss Publishing date: Oct 01, 2022 • 24 minutes ago • 4 minute read • Join the conversation Fiona caused at least $100 million in crop damage, estimates […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Article content The Swiss National Bank isn’t in a rush to reduce its balance sheet, which is likely to stay high for a long time, the central bank’s president told Neue Zürcher Zeitung. Article content “We will not reduce […]
Breadcrumb Trail Links PMN Business Ian lost its hurricane status after pummeling South Carolina with violent winds and a deadly storm surge, knocking out power to tens of thousands in the US Southeast. Author of the article: Bloomberg News Bloomberg News Article content (Bloomberg) — Ian lost its hurricane status after pummeling South Carolina with […]
Breadcrumb Trail Links PMN Business The expiration of a program that gave free meals to all public-school students leaves families carrying extra expenses. Author of the article: Bloomberg News Deena Shanker and Kelsey Butler Article content (Bloomberg) — Families across the US are suddenly finding themselves stuck with a new expense — school lunch for […]
Breadcrumb Trail Links PMN Business Elon Musk retakes the stage a year after an unforgettably strange stunt was performed in a spandex suit. Author of the article: Bloomberg News Dana Hull Article content (Bloomberg) — Tesla has long staged splashy events to generate buzz and media coverage of forthcoming — and sometimes aspirational — products. Part revival […]