
Philip Lagerkranser
Managing Editor at Bloomberg News
Opinions are my own, retweets aren't endorsements.
Articles
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2 weeks ago |
bloomberg.com | Philip Lagerkranser
OPEC+ members are discussing a third straight hike in oil production in July, we’re told. The news sent oil prices sliding for a third day to the lowest in a week. Members are considering an increase of 411,000 barrels a day in July, which would be triple the amount initially planned, although no final agreement has been made. OPEC+ says publicly that supply increases are to meet demand, but officials have privately expressed a range of reasons, including punishing over-producing member states.
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3 weeks ago |
bloomberg.com | Philip Lagerkranser
German Chancellor Friedrich Merz wants to create Europe’s most formidable conventional army as he seeks to counter the rising threat from Russia. “Our friends and partners also expect this from us, indeed, they practically demand it,” Merz told Bundestag lawmakers today. The plan is said to include raising the annual defense budget to more than €60 billion ($67.4 billion) this year and beyond, a more than 15% increase from 2024.
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3 weeks ago |
flipboard.com | Philip Lagerkranser
13 hours agoPhotos of European leaders falsely suggest drugs; official clarifies item was tissue amid Russian disinformation claims. Conspiracy theorist Alex Jones seized on a May 9 video of a train car meeting among three European leaders to claim they had used drugs and were trying to hide it. The video showed …
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1 month ago |
bloomberg.com | Philip Lagerkranser
The European Union appears poised to move ahead with plans to phase out Russian gas imports by the end of 2027. Earlier this year, the EU delayed releasing its “road map” for ending purchases of Russian fossil fuels to assess the impact of US efforts to end the war in Ukraine. EU officials plan to propose in June a ban on all gas purchases under new deals with Russia and existing spot contracts, which account for about a third of imports.
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1 month ago |
bloomberg.com | Philip Lagerkranser
The euro-area economy expanded a better-than-expected 0.4% in the first quarter, although the impact of US trade tariffs have yet to be felt. Germany and France grew in line with expectations, while Italy did better than economists had forecast. But there are clouds on the horizon. Business surveys indicate a growth weakening amid uncertainty over US intentions.
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Uber Switzerland: you have no reason to exist.

I’m going to @crypto’s upcoming Space. Will you join too? https://t.co/KgKnXDF3Pt

12 March 2022: Lantau Peak for perhaps the last time. What an incredible place HK is. And how incredibly troubled. https://t.co/hGscxSAdd8