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Germany May Resort to Nuclear Plants to Plug Russian Gas Gap

Breadcrumb Trail Links PMN Business (Bloomberg) — Author of the article: Bloomberg News Vanessa Dezem and Birgit Jennen Publishing date: Aug 21, 2022  •  33 minutes ago  •  3 minute read…

Democrats Sense New Optimism for Blunting GOP’s Midterm Gains

Breadcrumb Trail Links PMN Business (Bloomberg) — Democrats are increasingly optimistic they can limit Republican gains in the House and even keep control of the Senate as a raging national…

Your Sunday UK Briefing: Of Power Prices and Dragons

Breadcrumb Trail Links PMN Business Ease yourself into the new week Author of the article: Bloomberg News James Ludden Publishing date: Aug 21, 2022  •  44 minutes ago  •  4 minute…

Net Zero Will Make or Break One of the UK’s Wealthiest Cities

Breadcrumb Trail Links PMN Business Aberdeen in northeast Scotland is trying to make the leap from an oil town to a renewables hub amid growing demand for cheap home-grown energy. Author…

HK Finance Chief Expects ‘Moderate’ Inflation in ‘Buffered’ City

Breadcrumb Trail Links PMN Business Hong Kong’s rate of inflation for the full year is likely to remain at a “roughly moderate” level of 2.1% because the city is buffered…

Europe Slips Toward Recession as ECB Mulls Steps Ahead: Eco Week

Breadcrumb Trail Links PMN Business Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter…

China’s Hyped Decoupling From Emerging Markets May Prove a Blip

Breadcrumb Trail Links PMN Business A gulf has opened up between Chinese stocks and the rest of emerging-market equities in recent weeks as pandemic recoveries have diverged. That parting of…

Kwarteng to Target Profits of Renewables Companies: Telegraph

Breadcrumb Trail Links PMN Business UK Business Secretary Kwasi Kwarteng plans to rein in the “crazy” profits of renewables firms, the Telegraph reported, as average household energy bills are forecast…

Lindner Says 1 Year of €9 Ticket Would Cost Germany €14 Billion

Breadcrumb Trail Links PMN Business (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Author of the article: Bloomberg News Vanessa Dezem Publishing date: Aug…

Your Saturday UK Briefing: Sterling Just Can’t Catch a Break

Breadcrumb Trail Links PMN Business Something for the weekend Author of the article: Bloomberg News James Ludden Publishing date: Aug 20, 2022  •  21 minutes ago  •  2 minute read  • …

Charting the Global Economy: China, Turkey Shock With Rate Cuts

Breadcrumb Trail Links PMN Business Central bankers in China and Turkey bucked a global trend of raising interest rates, with officials easing policy amid signs of an economic slowdown in…

The World’s Cotton Supply Keeps Shrinking, Hit by Drought, Heat

Breadcrumb Trail Links PMN Business (Bloomberg) — Extreme weather is wreaking havoc upon virtually all of the world’s largest cotton suppliers. Author of the article: Bloomberg News Tarso Veloso, Tatiana…

In ‘Truly Alarming’ Sign, Surging UK Yields Fail to Rescue Pound

Breadcrumb Trail Links PMN Business The pound just can’t catch a break as the UK’s bleak economic outlook eclipses any benefit the currency stands to receive from rapidly rising interest…

Ukraine Latest: US Military Aid to Kyiv Approaching $11 Billion

Breadcrumb Trail Links PMN Business The latest tranche of military aid to Ukraine, announced Friday, sees total US commitments reach $10.9 billion. The new offer includes additional HIMARS rocket systems,…

UK Travel Chaos Stretches Into Weekend With National Rail Strike

Breadcrumb Trail Links PMN Business Disruptions to Britain’s transport system are extending into the weekend as train workers seeking to preserve jobs and earn higher pay hold another nationwide walkout.…

UK Inflation Rises More Than Expected to 40-Year High of 10.1%

Breadcrumb Trail Links PMN Business UK inflation rose more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action…

Home Capital Rejects Takeover Bid 5 Years After Buffett’s Rescue

Breadcrumb Trail Links PMN Business Home Capital Group Inc., the Canadian mortgage lender that Berkshire Hathaway Inc. helped rescue five years ago, says it turned down an approach from an…

Russia Unplugs Foes, Rewards Friends in Latest Market Reboot

Breadcrumb Trail Links PMN Business Nearly six months after Russia was evicted from much of global finance over the invasion of Ukraine, it’s going it alone by devising a two-tier…

Europe Bond Rally at Risk as Complacency Sets in Over Inflation

Breadcrumb Trail Links PMN Business Fund managers are warning the market is turning complacent over the outlook for inflation in Europe, where the prospect of recession has stoked the appeal…

UK Inflation Shock Is Within Whisker of Double Digits: Eco Week

Breadcrumb Trail Links PMN Business Rampant inflation may be showing some signs of slowing in the US, but the surge on the other side of the Atlantic looks to have…

UK Opposition to Pressure Government to Retain Energy Price Cap

Breadcrumb Trail Links PMN Business The Labour Party will demand the UK government drops plans to remove a cap on energy prices, putting pressure on Liz Truss and Rishi Sunak…

Morgan Stanley’s Shalett Warns of ‘Head Fake’ in Inflation Data

Breadcrumb Trail Links PMN Business The chief investment officer of Morgan Stanley Wealth Management has a warning for investors who are chasing the latest rally in stocks: Don’t get too…

Crypto Reddit Mobilizes After Being Pummeled by Bankruptcies

Breadcrumb Trail Links PMN Business A few months ago, Celsius Network LLC’s nearly 47,000-strong Reddit group was filled with talk about how much everyone was earning by lending their coins…

Russia Boosts Supply of Natural Gas to Hungary, Official Says

Breadcrumb Trail Links PMN Business Russian gas giant Gazprom PJSC has started providing Hungary with additional volumes requested by Prime Minister Viktor Orban’s government to address winter energy supply concerns,…

Charting the Global Economy: US Inflation Comes Off the Boil

Breadcrumb Trail Links PMN Business Inflationary pressures in the US simmered down on the heels of cheaper gasoline and other fuel costs, which may help persuade the Federal Reserve to…