Written by Article content (Bloomberg) — German manufacturers are increasingly directing investments to the US, especially in sectors that use lots of energy and are thus more exposed to higher costs at home, according to the Bundesbank. Domestic production in industries like chemicals, glass and paper collapsed by 15% in 2022, the year that Russia invaded Ukraine […]
Breadcrumb Trail Links Energy Local Business News Local News National By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the West Coast to be shipped to export markets. Author of the article: The Canadian Press Amanda Stephenson Published Oct 21, 2024 • 5 minute read […]
Analysts at the US Department of Homeland Security shared an internal report to local agencies in August, warning them about the economic risks of using Chinese utility storage batteries. It warns that the dependence on Chinese batteries could hurt developing a secure supply chain in the US. The document, first obtained by national security transparency […]
Following closely behind was Mineral Resources, which dived 13.8 per cent after the company launched an external probe into an alleged tax evasion scheme involving its billionaire founder Chris Ellison. Youth jewellery chain Lovisa closed 6.4 per cent lower. Loading The lowdown Not everyone thinks the double-digit losses in Mineral Resources are justified. “While we […]
21-10-2024 07:00 AI is changing the world quickly, but it needs a lot of electricity. Asking ChatGPT a question uses 30 times more power than a Google search. If everyone used AI, there would not be enough electricity to go around. To solve this problem, tech companies are turning to nuclear power. Microsoft and Google […]
Breadcrumb Trail Links PMN Business Diminishing forecasts for future oil consumption are adding pressure to crude prices. This year’s Atlantic hurricane season has spun out fewer storms than 2023, but the toll from five that made landfall in the US will go down as some of the most destructive in recent memory. Orange juice futures […]
U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. Rick Bowmer | AP SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry […]
Cuba’s government said on Saturday it had made some progress in gradually re-establishing electrical service across the island, including to hospitals and parts of the capital, Havana, after state-run media earlier reported the national grid had collapsed for a second time in 24 hours. Most of Cuba’s 10 million people, however, remained without electricity on […]
Enter: Genevieve Ko’s apple crisp. Source link
Breadcrumb Trail Links PMN Business A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. Author of the article: Bloomberg News Daniel Flatley, Julian Lee and Ben Bartenstein Published Oct 19, 2024 • 3 minute read You can save this article […]