OSLO — The latest postponement of production at Norway’s Hammerfest LNG plant was due to the need for final tests on a compressor that has been repaired, operator Equinor said on Sunday. Read More
HSBC Holdings has suspended its head of responsible investing pending an internal investigation after he said central bank policymakers and other global authorities are exaggerating the financial risks of climate change, the Financial Times reported on Sunday citing people with knowledge of the process. 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
(Bloomberg) — A gathering of trade ministers of the Asia-Pacific Economic Cooperation group failed to issue a customary joint statement, a day after the US and Russia staged a tit-for-tat walkout during their presentations at the meeting. 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 […]
Article content OSLO — Norway has begun searching for possible cases of monkeypox in the capital Oslo, the country’s Institute of Public Health (FHI) said on Saturday. “A foreigner who visited Oslo from May 6-10 has, after returning home, been confirmed to have been infected,” FHI said. It did not say which country had identified […]
Article content (Bloomberg) — J. M. Smucker Co. is recalling some Jif peanut butter products sold in the US and Canada because of potential Salmonella contamination. The Orrville, Ohio-based company on Saturday expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the US. […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Michael P. Regan and Vildana Hajric Article content By Michael P. Regan and Vildana Hajric (Bloomberg) — Daniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters David Randall Publishing date: May 20, 2022 • 10 minutes ago • 4 minute read • Join the conversation Article content NEW YORK — The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook […]