Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Xie Yu and Ziyi Tang Publishing date: Nov 24, 2022 • 6 minutes ago • 3 minute read Join the conversation Article content HONG KONG/BEIJING — China’s biggest commercial banks have pledged at least $130 billion in fresh credit to property developers, bolstering recent … Read more
Colombia’s leftist government has signalled it could row back on its pledge to halt new oil and gas exploration projects, saying it would first examine existing contracts as part of an overhaul of its fossil fuel industry. Gustavo Petro, a former guerrilla fighter who took office as president in August, made the promise during his … Read more
Breadcrumb Trail Links PMN Business Bond investors expect considerable belt-tightening when Rishi Sunak’s government unveils its economic strategy Thursday — and will be poised to sell if pledges to slash spending aren’t met. Author of the article: Bloomberg News Libby Cherry and Naomi Tajitsu Publishing date: Nov 13, 2022 • 16 minutes ago • 3 minute … Read more
Following the liquidity crisis and acquisition of cryptocurrency exchange FTX, Binance CEO Changpeng “CZ” Zhao said his exchange will soon start a Proof-of-Reserves audit system to allow verification of its digital asset holdings. In a Nov. 8 Twitter post, Zhao pledged to implement a Proof-of-Reserve mechanism at Binance to provide “full transparency” through the use … Read more
Breadcrumb Trail Links PMN Business The US, EU and Japan also are set to announce a commitment to clean up methane emissions tied to the extraction and transport of oil and gas. Author of the article: Bloomberg News Jennifer A Dlouhy and John Ainger Publishing date: Nov 08, 2022 • 18 minutes ago • 7 minute … Read more
Mr. Biden had said: “Don’t worry we’re gonna free Iran. They’re gonna free themselves pretty soon.” Mr. Biden had said: “Don’t worry we’re gonna free Iran. They’re gonna free themselves pretty soon.” Iranian President Ebrahim Raisi on Friday dismissed a pledge from U.S. leader Joe Biden to “free Iran” as the clerical regime faced a … Read more
The German government’s rush to replace gas it can no longer source from Russia risks breaking a promise it made at the UN climate summit a year ago to end fossil fuel financing overseas by the end of 2022. Germany is considering the continued funding of gas projects from initial exploration and production through to … Read more
North Korea fired about 80 artillery rounds into a maritime border zone overnight, South Korea said on Friday, as defence ministers from Seoul and Washington vowed to demonstrate determination in the face of missile tests by the North. North Korea fired multiple missiles into the sea on Thursday, including a possible failed intercontinental ballistic missile … Read more
Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations, and investors officially supporting the firm has reached 12. The pile … Read more
Photo: AP The most important part of the Brooklyn Nets and Kyrie Irving’s joint announcement that they’ll partner with the Anti-Defamation League to pledge $1 million total to organizations that fight intolerance was what wasn’t there — an apology. The self-enlightened guard feeling remorseful for his actions and holding himself accountable for neglecting his responsibilities … Read more