Recent Posts

PG&E warns of huge power shutoff in Calif

Bloomberg Bankrupt utility owner PG&E Corp. issued an unprecedented warning that it may cut power in almost 30 California counties to avoid wildfires as hot, arid winds leave region dry as a tinderbox. The move may affect more than 600,000 customers across Northern and Central California, including Santa Clara, San Mateo, Napa and Alameda counties, according to a statement on ...

Read More »

‘Cuts to no-deal Brexit tariffs don’t go far’

Bloomberg Road hauliers said the UK government’s decision to reduce the tariffs it plans to impose on imported trucks following a no-deal Brexit doesn’t go far enough. On Tuesday, the Department for International Trade said it will impose a 10% levy on imported heavy goods vehicles instead of the 22% it had initially planned. The announcement came as part of ...

Read More »

Factories feed unexpected rise in industrial output in Germany

Bloomberg A jump in manufacturing fuelled a surprise improvement in German industrial production following two months of decline. While good news, the development will do little to alleviate concerns about intensifying trade tensions and waning business confidence. Output rose 0.3% from July, despite a big drop in energy, compared with economist estimates for no change. Investment and basic goods production ...

Read More »
Send this to a friend