Article content (Bloomberg) — After more than 50 years of false starts, nuclear fusion is finally taking a resolute step closer to becoming the world’s newest energy source. The US Department of Energy on Tuesday is slated to announce that scientists at a laboratory in California managed for the first time to generate more electricity […]
Article content (Bloomberg) — Hello. Well, the World Cup’s not coming home just yet. Article content The big letdown: The Three Lions fell short yet again to make it to the semifinals, as defending champions France were too good on the day and England’s tortured relationship with the penalty spot took another painful twist. As Gareth Southgate mulled his future […]
Article content (Bloomberg) — The UK’s move to open its first deep coal mine in more than three decades could make investors nervous about the country’s ambitions to hit clean energy goals. That concern was raised by the senior managing partner of Lombard Odier, Hubert Keller who called the decision “unfortunate.” Article content The green […]
Breadcrumb Trail Links PMN Business US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023. Author of the article: Bloomberg News Reade Pickert Publishing date: Dec 09, 2022 • 0 minutes ago • 2 minute read Join the […]
Breadcrumb Trail Links PMN Business The Bank of England’s jumbo rate hike failed to buttress the pound, which extended the biggest slump this week among major currencies as UK policy makers challenged the market’s view on the scale of future increases needed to tame inflation. Author of the article: Bloomberg News Alice Gledhill and Naomi […]
Article content (Bloomberg) — A rare late-year flurry of activity is adding to the boom in Middle Eastern initial public offerings this year, including a tech listing that nearly quadrupled in its debut. Article content Geospatial and data analytics firm Bayanat AI Plc closed 273% above its listing price in Abu Dhabi on Monday, the […]
Article content (Bloomberg) — Italy’s new budget law will extend energy relief measures, introduce small tax cuts and reform pension payments that will require about 21 billion euros ($21 billion) of additional borrowing, according to people familiar with the matter. Article content About a quarter of the total value of Prime Minister Giorgia Meloni’s first […]
Breadcrumb Trail Links PMN Business Former Treasury Secretary Lawrence Summers criticized moves to apply political pressure on the Federal Reserve over its aggressive interest-rate hikes, after two Democratic senators wrote the central bank chief this week. Author of the article: Bloomberg News Christopher Anstey Publishing date: Oct 28, 2022 • 10 minutes ago • 2 minute […]
Article content Crescent Point Energy Corp. is rewarding shareholders with a special dividend after reporting a net profit of $466.4 million in the third quarter — a significant increase over the $77.5 million reported during the same period last year. Article content The Calgary-based oil producer declared a special dividend of 3.5 cents per share […]
Article content (Bloomberg) — Saudi Arabia has earmarked 10 billion riyals ($2.7 billion) to provide incentives for global supply firms to invest in the kingdom, part of plans to develop its economy as a hub for industrial companies. Article content Crown Prince Mohammed Bin Salman announced the plans as part of Saudi Arabia’s Global Supply […]