(Bloomberg) — The UK should launch an “an all-out national effort” to reduce energy bills using efficiency measures, according to the head of a major business group. Read More
(Bloomberg) — Investors should buy “dull” companies that generate steady cash flows as stock markets face growing headwinds from inflation and a potential economic slowdown, according to the chief executive officer of Causeway Capital Management. Read More
(Bloomberg) — The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine. Read More
(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth. Read More
(Bloomberg) — Argentina will reduce energy subsidies for utility bills at a slower pace than anticipated because of higher costs stemming from the impact of Russia’s invasion of Ukraine, Economy Minister Martin Guzman said Saturday. Read More
(Bloomberg) — Clothing companies and gadget makers are among manufacturers across Asia seeing early signs of cooling demand from their global customers as soaring inflation takes hold. Read More
(Bloomberg) — Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. Read More
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 21, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Days after global finance chiefs described the widespread economic fallout […]
Article content (Bloomberg) — Siemens Energy AG will offer to buy the shares in Siemens Gamesa Renewable Energy SA it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker. Siemens Energy has agreed to offer 18.05 euros per Siemens Gamesa share to fully acquire the company, it […]