Article content (Bloomberg) — Nigeria’s dwindling crude output has forced its state-owned energy company to defer payments to some local gasoline suppliers by at least three months. Nigerian National Petroleum Co. imports all the nation’s gasoline for road transport, swapping most for crude with international traders including Vitol Group and TotalEnergies SE and domestic groups […]
Article content Britain is “extremely unlikely” to see blackouts this winter because it has a sufficient energy buffer and doesn’t get much of its gas supply from Russia, according to senior cabinet minister Nadhim Zahawi. Article content Zahawi, the Chancellor of the Duchy of Lancaster, said in an interview on the BBC that while the […]
Article content France’s premier and more than a dozen government ministers are visiting Algeria, the latest drive to rebuild ties with the North African nation that’s a major gas supplier for Europe. Article content Prime Minister Elisabeth Borne and officials including the finance, foreign affairs and interior ministers are due to arrive Sunday for the […]
Breadcrumb Trail Links PMN Business Vertical farming operations seek to improve food security on the storm-prone island, which imports 85% of what it eats. Author of the article: Bloomberg News Jim Wyss Publishing date: Oct 01, 2022 • 24 minutes ago • 4 minute read • Join the conversation Fiona caused at least $100 million in crop damage, estimates […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Article content The Swiss National Bank isn’t in a rush to reduce its balance sheet, which is likely to stay high for a long time, the central bank’s president told Neue Zürcher Zeitung. Article content “We will not reduce […]
Breadcrumb Trail Links PMN Business Ian lost its hurricane status after pummeling South Carolina with violent winds and a deadly storm surge, knocking out power to tens of thousands in the US Southeast. Author of the article: Bloomberg News Bloomberg News Article content (Bloomberg) — Ian lost its hurricane status after pummeling South Carolina with […]
Breadcrumb Trail Links PMN Business The expiration of a program that gave free meals to all public-school students leaves families carrying extra expenses. Author of the article: Bloomberg News Deena Shanker and Kelsey Butler Article content (Bloomberg) — Families across the US are suddenly finding themselves stuck with a new expense — school lunch for […]
Article content In some ways solar is having too much success in China. Article content Installing panels has become so popular that Chinese officials drafted regulations to make sure developers don’t put them on land needed for other uses. And new data suggests the solar frenzy has only just begun. Solar panels have overtaken wind […]
Article content German Finance Minister Christian Lindner criticized the gas levy planned to help the country stave off a collapse of its energy sector. Article content Lindner told Bild am Sonntag that he’s less concerned about the legal aspects of the plan that have stoked controversy in Germany, than about its economic rationale. “We have […]
Breadcrumb Trail Links PMN Business The Federal Reserve, Bank of England and Sweden’s Riksbank were just a handful of central banks raising interest rates this week, underscoring the drastic tightening cycle underway as inflation grips the global economy. Author of the article: Bloomberg News Molly Smith and Vince Golle Publishing date: Sep 24, 2022 • […]