Breadcrumb Trail Links PMN Business China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Author of the article: Bloomberg News Bloomberg News Published Aug 27, 2023 • 5 minute read Join the conversation aojieogio)2suzvvzql7jurv_media_dl_1.png Bloomberg RSS […]
Breadcrumb Trail Links PMN Business The world’s top central bankers stressed the need to keep interest rates high until inflation is contained — and wrestled with deeper economic shifts that will make their jobs harder. Author of the article: Bloomberg News Matthew Boesler, Catarina Saraiva and Alexander Weber Published Aug 27, 2023 • 4 minute […]
Breadcrumb Trail Links PMN Business After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia. Author of the article: Bloomberg News Bloomberg News Published Aug 26, 2023 • 3 minute read […]
Breadcrumb Trail Links PMN Business Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike. Author of the article: Bloomberg News Vince Golle Published Aug 26, 2023 • 5 minute read Join the […]
Breadcrumb Trail Links PMN Business The Bank of England will have to keep interest rates high for longer because inflation will not fade as quickly as it blew up despite recent drops in gas and producer prices, Deputy Governor Ben Broadbent said. Author of the article: Bloomberg News Philip Aldrick Published Aug 26, 2023 • […]
Article content (Bloomberg) — Taiwan’s growing capability to blunt a potential Chinese invasion could be stymied by domestic political and infrastructure challenges, according to a new analysis from Congress’s research arm. Taiwan’s 2023 defense budget of around $24.6 billion represents nearly a 10% increase from 2020. It’s the largest purchaser of US arms since 2020 […]
Article content (Bloomberg) — European Central Bank Governing Council member Joachim Nagel said that he’s not convinced inflation is under control enough for a halt in interest rate hikes, with his decision hinging on additional data in the coming weeks. “It’s for me much too early to think about a pause,” the Bundesbank chief told […]
Article content (Bloomberg) — Japan is scheduled to begin releasing treated wastewater from the Fukushima nuclear site into the Pacific Ocean later on Thursday, the first discharge in a process that could last about 30 years and has drawn threats of retaliation from China. Prime Minister Fumio Kishida’s government and Tokyo Electric Power Co., which […]
Article content (Bloomberg) — Liquefied natural gas workers in Australia will meet Thursday to consider a “strong offer” from Woodside Energy Group Ltd. following new talks, easing a strike threat in one of three disputes underway in the key exporting nation. More than 150 staff at parts of Woodside’s North West Shelf LNG operations will […]
Breadcrumb Trail Links PMN Business A tourism boom in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation. Author of the article: Bloomberg News Lisa Du Published Aug 22, 2023 • 3 minute read Join the […]