Article content (Bloomberg) — More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers. Article content The richest coastal provinces have reduced their benchmark thermal power prices by about 10% from last year, according to a briefing by UBS Group […]
Article content (Bloomberg) — Honda Motor Co. revealed two electric vehicle prototypes heralding a wave of new battery-powered models it plans to release in the years ahead, though the carmaker may dial back the pace of its EV investments if demand continues to lose steam. Article content The two models — a sedan and and […]
Breadcrumb Trail Links PMN Business The leaders of Malaysia and Singapore are set to formalize an agreement establishing a special economic zone linking their two nations’ border region, but the prospects for immediate economic benefits may hinge on implementation of a deal that has seen repeated delays since talks began in 2023. Author of the […]
Breadcrumb Trail Links PMN Business Today on the Big Take: Josh Tyrangiel unpacks his wide-ranging interview with Sam Altman about OpenAI’s future. Author of the article: Bloomberg News David Gura and Alex Tighe Published Jan 06, 2025 • 15 minute read Sam Altman Photo by SeongJoon Cho /Bloomberg Article content (Bloomberg) — Never miss an […]
Breadcrumb Trail Links PMN Business More than three months after winning the most seats at federal elections, far-right leader Herbert Kickl is on track to become the Freedom Party’s first Austrian chancellor in a tie-up with the conservative People’s Party. Author of the article: Bloomberg News Marton Eder and Jonathan Tirone Published Jan 05, 2025 […]
Breadcrumb Trail Links PMN Business Four years after a mob attacked the US Capitol to support Donald Trump’s last-gasp effort to overturn his election loss, the events of Jan. 6, 2021, have evolved into a political and cultural flashpoint — with little lasting damage to the president-elect. Author of the article: Bloomberg News Zoe Tillman […]
Article content (Bloomberg) — President Joe Biden signed into law a bill that will increase Social Security benefits for millions of Americans — his first public bill signing ceremony in more than two years. Article content The Social Security Fairness Act will boost Social Security payments to more than 2.5 million retirees — some by […]
Breadcrumb Trail Links PMN Business TDK Corp., one of the main suppliers of batteries for Apple Inc.’s iPhones, will this year roll out an improved version of its most advanced product to help mobile devices keep up with the rising power demands of built-in AI. Author of the article: Bloomberg News Yuki Furukawa and Takashi […]
Breadcrumb Trail Links PMN Business Two weeks after the US election, hundreds of allies gathered at the White House to soothe Joe Biden in defeat. Tracking the closed-door bash for clues was a group rarely interested in the routine preening of Washington: arbitrage traders. Author of the article: Bloomberg News Joe Deaux and Josh Wingrove […]
Article content (Bloomberg) — US President-elect Donald Trump hit out at the UK’s windfall tax on oil and gas producers in a social media post Friday, adding to criticisms from his incoming administration of Prime Minister Keir Starmer’s agenda. Article content “The UK is making a very big mistake. Open Up the North Sea. Get […]