Article content (Bloomberg) — A bankrupt English council sued a solar-panel entrepreneur it blames for funneling off as much as £150 million ($193 million) to fund his lavish lifestyle. Thurrock Council, in Essex, southeast England, was declared bust in 2022 after its leveraged bets worth hundreds of millions of pounds on solar energy backfired. The […]
Breadcrumb Trail Links PMN Business From 6 a.m. errands and rejiggered commutes to new hydration tactics and a boom in air conditioning, heat wave workarounds are the new normal. Author of the article: Bloomberg News Zahra Hirji, Olivia Rudgard, Coco Liu, Todd Woody and Alexander Battle Abdelal Published Aug 16, 2024 • 9 minute read As temperatures increase, so […]
Breadcrumb Trail Links PMN Business Mexico’s prolonged slide in core inflation and a recent economic slowdown were among factors that supported the central bank’s decision to cut rates in last week’s split vote, Bank of Mexico Deputy Governor Omar Mejia said in an interview. Author of the article: Bloomberg News Alex Vasquez and Carolina Millan […]
Article content (Bloomberg) — Nigeria’s annual inflation decelerated for the first time in almost two years, providing some respite to consumers who have become increasingly frustrated by the high cost of living. Consumer prices rose 33.4% in July from 34.2% a month earlier, according to data published on the website of the National Bureau of […]
Breadcrumb Trail Links PMN Business President Volodymyr Zelenskiy urged allies to allow Ukraine to strike deep into Russian territory as his troops continue to hold ground gained in a surprise cross-border incursion last week and a missile attack killed two near Kyiv. Author of the article: Bloomberg News Daryna Krasnolutska Published Aug 11, 2024 • […]
Breadcrumb Trail Links PMN Business Hindenburg Research accused the chair of India’s market regulator of conflicts of interest which it said prevented a thorough examination of manipulation and fraud claims at the Adani Group, an allegation she strongly denied. Author of the article: Bloomberg News Menaka Doshi Published Aug 11, 2024 • Last updated 11 minutes […]
Breadcrumb Trail Links PMN Business New official statistics from the UK offer a nuance on Leo Tolstoy’s famous observation. Happy families may all be alike, but the country’s unhappy families also have something in common: the cost-of-living crisis. Author of the article: Bloomberg News Irina Anghel Published Aug 11, 2024 • 3 minute read tqqk[xgtr{wtr}ludija[ktj_media_dl_1.png […]
Article content (Bloomberg) — Environmental activists and opposition groups are set to gather in the center of Serbia’s capital on Saturday to demand a halt to the Rio Tinto Group’s $2.4 billion plans to open Europe’s biggest lithium mine. The troubles highlight the challenges to building new mines in Europe, even as governments try […]
Article content (Bloomberg) — Electric vehicles and plug-in hybrids likely surpassed 50% of all vehicles sales in China for the first time in July, even as the overall number of cars sold fell, marking a key milestone in the country’s auto market. Sales of electric vehicles and plug-in hybrids, which are counted under the category […]
Article content (Bloomberg) — South Africa will need to urgently address crippling infrastructure bottlenecks or risk derailing a budding economic recovery, according to S&P Global Market Intelligence. These challenges have left Africa’s most industrialized economy struggling to sustain growth for the last decade. READ: South Africa Can Fix Backlogged Ports in a Year, Minister Says […]