Article content (Bloomberg) — Mercedes-Benz AG is stockpiling parts it makes using natural gas in a move to keep production going for several weeks even if Germany introduces drastic fuel rationing. The German luxury automaker has produced extra parts made at its foundries in Untertuerkheim, which go into gearboxes, axles and transmission components to build […]
Article content (Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey is seeking to increase gas purchases from the US and distribute some to its neighborhood, President Recep Tayyip Erdogan said, as Europe faces an energy crisis triggered by the Russian invasion of Ukraine. Article content “We want to […]
Breadcrumb Trail Links PMN Business Tom Barrack emerged during Donald Trump’s 2016 campaign as the genial face of outreach to the business community and moderate Republicans. In a convention speech that stood out for its positivity, Barrack likened his friend of 40 years to a jeweler who would restore America’s “polish.” Author of the article: […]
Breadcrumb Trail Links PMN Business Understanding the real-time mix of power sources in electricity grids could be a win-win for companies and the planet. Author of the article: Bloomberg News Eric Roston Publishing date: Sep 19, 2022 • 11 minutes ago • 4 minute read • Join the conversation Transmission towers in Sydney, Australia, on Monday, […]
Article content (Bloomberg) — South Africa is facing a risk of an unprecedented level of blackouts this week after units at two of its coal-fired power plants broke down. Article content Eskom Holdings SOC Ltd. earlier on Sunday began cutting 6,000 megawatts from the national grid, in what it calls Stage 6 power cuts, after […]
Article content Russian oil major Rosneft PJSC said this week’s seizure of its German unit was illegal and that it will consider all measures to protect ownership of the assets. Article content Germany’s government took control of Rosneft’s assets, including three oil refineries, as Berlin moved to take sweeping control of its energy industry to […]
Article content France may impose a two-year halt on power exports to Italy as part of its energy saving plan, according to a document sent by Electricite de France SA to Italian authorities. Article content Italy’s government received a communication of the potential power cut by EDF, said a spokeswoman for the Italian ministry of […]
Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Article content Already enduring the euro zone’s steepest inflation, the Baltic region is now finding it’s the most exposed part of the bloc to rising interest rates. Article content Estonia, Latvia and Lithuania have all seen consumer-price gains surge […]
Breadcrumb Trail Links PMN Business Credit Suisse Group AG is financing a foray into a niche corner of the debt markets used to fund real estate at a time when UK property is feeling the strain from rising interest rates. Author of the article: Bloomberg News Adeola Eribake, Carmen Arroyo and Jack Sidders l3zquwr2}iekkkxm7ev9{b2f_media_dl_1.png Bloomberg […]
Breadcrumb Trail Links PMN Business Investors are fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs, a Bank of America Corp. survey showed. Author of the article: Bloomberg News Sagarika Jaisinghani h]4nl8lvhc1kwdfxhhrr6hdl_media_dl_1.png via Bank of America Corp. Article content (Bloomberg) — […]