Former Panama President Martinelli Nominated for 2024 Race
Former Panama President Ricardo Martinelli won a presidential primary election for his conservative Realizing Goals party, the electoral authority said on its website.
Bloomberg Business
‘Bounty Hunters’ Are Earning Money for Voter Signatures in California. Now, There’s a Backlash
It took less than 90 days for the oil and gas lobby to blow up one of Gavin Newsom’s major achievements.
Vietnam Blackouts Hit Canon, Multinationals in Industrial Parks
Power blackouts in northern areas of Vietnam are affecting industrial parks that host multinational manufacturers including Canon Inc. as searing heat spurs air-conditioner usage, driving electricity consumption to overwhelm supply.
Private Credit is Poised for a Multi-Trillion-Dollar Boom, But It Could Get Ugly Soon
Fidelity International and T Rowe Price are among firms making moves; Apollo says private credit will replace other fixed income.
Starmer Says Oil & Gas in UK Mix for Years in Bid to Calm Unions
UK opposition leader Keir Starmer said oil and gas would remain part of the country’s energy mix “for many, many years,” as he sought to reassure union critics of his plans to phase out fossil fuels from the North Sea.
Chilean President Boric Sees Approval Rating Jump to Highest Level in a Year
Chilean President Gabriel Boric’s approval rating rose to the highest in a year after the former student protest leader said he will insist on tax increases to fund a long list of social programs.
Russia’s Oil and Gas Revenue Shrank by Over a Third in May
Russia’s oil and natural gas revenue fell by more than a third in May, hit by lower crude prices amid Western sanctions and reduced gas exports to Europe.
Oil’s Upside Is Limited, Saxo Bank’s Hansen Says (Video)
Saudi Arabia is unlikely to announce further cuts in oil production, according to Ole Sloth Hansen, head of commodity strategy at Saxo Bank, because it would risk yielding market share to other producers. “These voluntary cuts have become almost a force of habit,” Hansen said on “Bloomberg Surveillance.” “It’s going to be very difficult to to continue to cut if we don’t see any sizable cuts from some of the other major producers at the same time,” he added.
Summer Travel in Paris Seen as Dry Run for 2024 Olympic Games
Air France-KLM says travel will be smooth in coming months after a summer of chaos last year, with the stakes higher in France as the 2024 Olympic Games near.
Airline Executives Herald Revival They Predict Is Here to Stay
As aviation executives descended on Istanbul this week for the industry’s annual general meeting, the mood among the crowd was openly buoyant, with participants brushing aside concerns that high inflation or anemic economic growth risk crimping demand.
