The emissions match the planet-warming impact of 10,000 cars driving in the U.K. for a year
Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.
Parker-Hannifin Corp., the U.S. maker of motion control systems, agreed to buy Meggitt Plc for 6.3 billion pounds ($8.8 billion) in cash to build out its defense and aerospace business.
Commodities begin August near a decade-high, and there’ll be plenty this week to help investors judge what comes next. A sweep of major earnings, including numbers from Glencore Plc and BP Plc, as well as the United Nations’ latest take on global food costs will deliver key clues across the whole stable of raw materials just as the pandemic threat flares anew.
The U.S. Senate is heading toward passage this week of a $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades and mark a major milestone for President Joe Biden’s economic agenda.
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