South Africa will move ahead with the allocation of three onshore wind stations from a delayed round of bidding to provide renewable power, an initiative intended to help mitigate record levels of power cuts.
The South African municipality that includes the port city of Durban, eThekwini, has laid out plans to attract R324 billion ($18 billion) in power plant investments by 2035 amid the country’s worst-ever electricity outages.
Confidence in South Africa’s future has fallen after more than a decade when average economic growth failed to match the increase in population and people are considering better opportunities overseas.
It’s December in Europe, and the temperature is dropping. People have the heating on as they cook dinner, run the washing machine, and watch television. But in France, the grid operator is running out of options to keep the lights…
Google is making cuts to Area 120, its in-house incubator for new projects, according to people familiar with the matter, as the tech giant moves to control spending and focus more tightly on artificial intelligence.
Canal+, a unit of France’s $9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having risen to 26.26% from 15.37% a year ago.
Ferrari NV unveiled its long-awaited 390,000-euro ($390,195) Purosangue crossover that will haul the supercar maker into a new era of broader appeal.
This is one of the biggest weeks of the year for technology company earnings, to the point that the Federal Reserve’s interest-rate decision Wednesday could be something of an afterthought.
A soft landing is becoming the more likely scenario for the global economy, which will continue to provide tailwinds for risky assets, according to strategists at JPMorgan Chase & Co.
The dollar’s pullback in recent days is prompting speculation about whether the currency’s march higher is coming to an end. There is nonetheless a reluctance to write it off just yet.
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