Article content MADRID — The Bank of Spain on Wednesday significantly cut its GDP growth forecast for next year due to the impact of higher energy prices in Europe and lower consumer spending. It said it expected gross domestic product to expand 1.4% in 2023, down from a previously expected growth rate of 2.8%, in […]
Article content ALMATY — Kazakhstan’s daily crude output has fallen by about 20,000 tonnes per day this week due to lower production at the giant Tengiz field, the Central Asian nation’s Energy Ministry said on Wednesday. The ministry did not explain why Chevron-led Tengizchevroil (TCO) venture has cut production. Scheduled maintenance at the field ended […]
Article content NEW YORK — An estimated 109,000 homes and businesses were still without power in Puerto Rico on Tuesday, two weeks after Hurricane Fiona caused an island-wide outage for its 3.3 million people. Fiona hit Puerto Rico on Sept. 18, about five years after Hurricane Maria also knocked out all power on the island. […]
Article content NEW DELHI — India’s competition regulator has approved a merger between the Indian unit of Japan’s Sony and Zee Entertainment if certain conditions are met, television channel ET Now reported on Tuesday, citing sources familiar with the matter. Sony and Zee did not immediately respond to Reuters’ requests for comment. (Reporting by Tanvi […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Gloria Dickie Publishing date: Oct 04, 2022 • 13 minutes ago • 2 minute read • Join the conversation Article content LONDON — Emissions of methane, a potent greenhouse gas, from oil and gas infrastructure could be stamped out within the next 10 years, industry experts […]
Article content LONDON — Vodafone is in talks with CK Hutchison about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G services and expand broadband availability. Vodafone said on Monday it would own 51% and Hutchison 49% under the deal being discussed, with the stakes […]
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Oct 03, 2022 • 10 minutes ago • 2 minute read • Join the conversation Article content PRAGUE — Hungary’s forint fell to a fresh record low on Monday, Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, […]
Article content MOSCOW — Russia’s Defence Ministry said on Sunday its forces had destroyed seven artillery and missile depots in the Ukrainian regions of Kharkiv, Zaporizhzhia, Mykolaiv and Donetsk. It said the guidance radar for a S-300 air defense missile system had also been destroyed near Nova Kaluha in the Kherson region of southern Ukraine. […]
Article content PARIS — The head of carmaker Stellantis , Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday in French newspaper Le Parisien. “The situation will remain very complicated until the end of 2023, then will ease a little,” […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Chris Kirkham Publishing date: Oct 01, 2022 • 41 minutes ago • 3 minute read • Join the conversation Article content A U.S.-based luxury yacht broker is advertising for sale a 168-foot (51-meter) superyacht linked to sanctioned Russian billionaire Igor Kesaev for 29.5 million euros (roughly […]