Breadcrumb Trail Links PMN Business The Belgian brewer of Delirium Tremens beer is facing a real risk of halting production for the first time in more than a century as Europe’s energy crisis creates unexpected ripple effects across the region. Author of the article: Bloomberg News Lyubov Pronina and Petra Sorge The SKW Piesteritz fertilizer […]
Article content (Bloomberg) — The European Union is considering capping the power-generation revenues of renewable and nuclear companies at 180 euros to 200 euros per megawatt hour as part of an emergency package, according to people familiar with the talks. Article content The European Commission, which is due to unveil on Wednesday an unprecedented plan […]
Breadcrumb Trail Links PMN Business War, a winter of energy rationing, a coming recession that could outlast any American one. Oh, and a newly hawkish ECB. How Europe will surmount its mountain of troubles is anyone’s guess — and investors aren’t sticking around to find out. Author of the article: Bloomberg News Denitsa Tsekova and […]
Breadcrumb Trail Links PMN Business Prime Minister Liz Truss’s plan to spend billions of pounds capping energy prices may help shield British households this winter, but for investors in UK government bonds there’s only more pain in store. Author of the article: Bloomberg News Libby Cherry and Alice Gledhill 8wigu308k18567whr58cq[[}_media_dl_1.png Bloomberg RSS Article content (Bloomberg) […]
Breadcrumb Trail Links PMN Business The European Central Bank delivered an unprecedented three-quarter-point interest-rate hike this week, and another steep adjustment next month remains a distinct possibility in an escalating assault on rampant inflation. Author of the article: Bloomberg News Vince Golle and Molly Smith b{n(y[voielk5dt6l68w4ffb_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Sign up for the […]
Article content (Bloomberg) — China plans to launch three unmanned missions to the moon over the next 10 years, as it seeks to rival the US in the new era of space exploration. China’s National Space Administration, its equivalent of NASA, received approval to send three orbiters to the moon as part of the Chang’e […]
Article content (Bloomberg) — Germany and Europe are prepared to weather the fallout should Russia decide to halt gas deliveries altogether, the country’s chancellor Olaf Scholz said in a statement Saturday. Article content Germany has prepared “for Russia to largely cut off gas supplies because of the war against Ukraine,” Scholz said, adding his country […]
Article content (Bloomberg) — One member of the European Central Bank’s Governing Council must be savoring a particular sense of vindication right now. Article content Traditionally one of the most hawkish members, Robert Holzmann was calling for up to 125 basis points of tightening already at the beginning of July when official guidance left room […]
Article content (Bloomberg) — Power output at Europe’s newest reactor is set to hit a landmark 1,000 megawatts overnight as it ramps up toward full production, bringing some relief to the region’s strained market. Finland’s Olkiluoto-3 nuclear unit will provide much-needed supplies to the Nordic nation’s taut power system when it reaches full capacity later […]
Article content (Bloomberg) — The euro-area economy expanded by more than initially estimated in the second quarter, with the revision revealing greater support from consumer and government spending. Article content Output rose 0.8% from the previous three months — stronger than an earlier reading of 0.6% — as gains in consumption expenditure more than offset […]