Recent Posts

Gas rises as Europe struggles to fill Russian supply gap

  Bloomberg European natural gas prices rise as Russia’s deep supply cuts are slowing the pace of refilling storage sites, threatening to fall short of levels required to keep homes warm in the coming winter. Benchmark futures started the week with a gain of as much as 6.9%. Buyers have found it more difficult to replace Russian gas from elsewhere ...

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Cost of charging Teslas jumps by 37% in UK

Bloomberg The cost of charging the UK’s most popular electric car, the Tesla Model 3, has jumped 37% since December along with rising electricity prices. And further hikes look likely in the months ahead. UK petrol prices surged to record levels last week, making it more than $123 to fill a standard car. But even electric vehicle drivers are feeling ...

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Tencent backer Prosus to cut $134b stake to fund buyback

  Bloomberg Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding. Tencent erased earlier gains in Hong Kong as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The ...

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