Article content (Bloomberg) — The biggest US companies are badly trailing their Chinese counterparts when it comes to generating income from solar, wind, nuclear and other types of renewable energy. Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai […]
Article content (Bloomberg) — Chancellor Jeremy Hunt reiterated the UK government’s pledge to halve inflation this year, saying pressures on household budgets will soon begin to ease. Hunt released a statement ahead of Parliament’s return on Monday. He said adhering to he plans of Prime Minister Rishi Sunak’s administration to tackle inflation was the best […]
Article content (Bloomberg) — Hello from London, where September brings the return of political wrangling, school (for some) and rail strikes (though those never really went away during the summer). Article content Grant Shapps is back too, shuffling up the front bench as defence secretary from the energy security and net zero role he took […]
Article content (Bloomberg) — Fortescue Metals Group Ltd., the world’s fourth-largest iron ore miner, is being hit by an executive exodus, with former Reserve Bank of Australia deputy governor Guy Debelle becoming the third to resign this week. Debelle said by phone on Friday that he had resigned from the board of the company’s new […]
Breadcrumb Trail Links PMN Business China’s march to dominance looks to be stalling alongside its economy. Author of the article: Bloomberg News Shawn Donnan, Viktoria Dendrinou, Alessandra Migliaccio and Philip Aldrick Published Aug 31, 2023 • 10 minute read Join the conversation Article content (Bloomberg) — In China’s current economic travails, US and other Group […]
Breadcrumb Trail Links PMN Business A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.” Author of the article: Bloomberg News Alastair Marsh, Will Mathis and James Herron Published Aug 30, 2023 • 11 minute read Join the conversation Article content (Bloomberg) — Six months after becoming the chief executive […]
Article content (Bloomberg) — Australia and the European Union will resume talks on a free trade agreement on Thursday after negotiations broke down in July amid disagreements over market access for Australian agricultural exports. Australian Trade Minister Don Farrell and EU Commissioner Valdis Dombrovskis will hold talks via teleconference in an attempt to bridge the […]
Article content (Bloomberg) — Australia’s grid operator sees risks of energy shortfalls over the next 10 years as the nation retires 62% of the coal power fleet that still provides most of its electricity. Reliability risks are seen in Victoria from this summer and in New South Wales from 2025-2026, the Australian Energy Market Operator […]
Breadcrumb Trail Links PMN Business The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well. Author of the article: Bloomberg News Bloomberg News Published Aug 28, 2023 • 4 minute read Join the conversation 5]pvvvpk0w}548d]9ym{84ct_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — The one commodity that should be […]
Article content (Bloomberg) — Presidents Joe Biden and Luiz Inacio Lula da Silva will call for improved working conditions in the US and Brazil at a joint event in New York on the sidelines of next month’s United Nations General Assembly, according to Brazilian Labor Minister Luiz Marinho. Marinho said in an interview with Bloomberg […]