Breadcrumb Trail Links PMN Business As the world’s major central banks near the end of their steepest rate-tightening campaign in decades, the harsh lessons of past policy errors will weigh heavily on decisions as to when and where borrowing costs peak. Author of the article: Bloomberg News Jana Randow, Craig Torres and Philip Aldrick Published […]
Article content (Bloomberg) — Turkish President Recep Tayyip Erdogan made his first public appearance since a health scare that sidelined him just weeks ahead of the nation’s election. Erdogan on Saturday visited Teknofest in Istanbul, an aerospace and technology festival which targets mostly young people, and spoke for about 30 minutes. Article content Turkey’s leader […]
Breadcrumb Trail Links PMN Business Two key US inflation gauges showed persistent price pressures in recent months, buttressing the case for another Federal Reserve interest-rate hike next week. Author of the article: Bloomberg News Molly Smith and Vince Golle Published Apr 29, 2023 • 3 minute read Join the conversation 3hk16ep1pm]v2ubl5j0q)8v3_media_dl_1.png Source: Bloomberg Article content […]
Article content (Bloomberg) — Canada’s economy geared down as expected in the first quarter, reinforcing the central bank’s decision to stop raising interest rates. Article content Preliminary data suggest gross domestic product contracted 0.1% in March, led by decreases in retail, wholesale and mining sectors, Statistics Canada reported Friday in Ottawa. That followed a 0.1% […]
Article content (Bloomberg) — Germany plans to at least double its import capacities for liquefied natural gas on the Baltic Sea island of Rügen to prepare for the risk that a key pipeline from Norway could be interrupted by acts of sabotage. Article content Chancellor Olaf Scholz sees the possibility of another attack on underwater […]
Breadcrumb Trail Links PMN Business Europe’s oil refiners, already making do without longstanding shipments of Russian crude, are now struggling with the loss of similar supplies from northern Iraq and a shock reduction in output by several of the world’s top producer nations. Author of the article: Bloomberg News Sharon Cho and Sherry Su Published […]
Article content (Bloomberg) — German public-sector workers struck a wage deal with employers, capping a confrontational series of negotiations that saw repeated strikes in Europe’s largest economy. Article content Staff will receive staggered one-time payments totaling 3,000 euros ($3,300) through February 2024. After that, salaries will rise by 200 euros on a permanent basis, and […]
Breadcrumb Trail Links PMN Business After calculating his lifetime carbon emissions, Craig Cohon drained his pension to offset them, and began a 2,600-mile trek to raise awareness. Author of the article: Bloomberg News Olivia Rudgard Published Apr 22, 2023 • 6 minute read Join the conversation Article content (Bloomberg) — Craig Cohon has had an unusual […]
Breadcrumb Trail Links PMN Business Companies are selling everything from tile cleaner to toothpaste tablets in concentrated form, touting the benefits of reduced packaging and water use. Author of the article: Bloomberg News Daniela Sirtori-Cortina Published Apr 22, 2023 • 5 minute read Join the conversation A Windex Dissolve reusable bottle with a concentrated pod. […]
Article content (Bloomberg) — European Union lawmakers are set to back tough requirements for fossil fuel producers to rein in emissions of one of the most potent greenhouse gases. Article content Deputies from Parliament’s industry and environment committees are expected to vote next week in favor of setting a 2030 methane-reduction target before 2026, according […]