MTN Group Ltd., Africa’s biggest mobile-phone operator, plans to build a $320 million inland fiber cable to connect ten countries, as telecommunications companies push to expand service to the continent’s growing population.
US representatives from Iowa, Illinois, Texas and Oklahoma are introducing a bill that would allow corn-based ethanol to qualify as an “advanced biofuel” — a bid to boost the gasoline additive’s green credentials.
Air travel in the US over the Memorial Day holiday weekend is forecast to rise to the highest since 2005, driving hopes that strong fuel consumption will counter a bleak economic outlook.
The US Treasury’s deputy secretary urged Congress to lift the nation’s debt limit to avoid a default while also rejecting calls to mint a $1 trillion platinum coin to ease the crisis.
There are only a handful of days when Congress, President Biden are both in Washington as Treasury’s headroom under the cap shrinks.
Microsoft Corp.’s Azure cloud business has been targeted by the European Union’s antitrust arm, amid concerns the US software firm is leveraging its market power to squeeze out rivals.
France’s tax authority is seeking €2.5 billion ($2.7 billion) in back taxes from French banks over their roles in a dividend arbitrage strategy known as “Cum-Cum,” according to Budget Minister Gabriel Attal.
Consello Group, a newly formed investment banking firm that has been on a hiring spree since forming last year, added longtime Citigroup Inc. executive Mark Shafir and tennis star Serena Williams to its ranks.
At least seven large companies filed for Chapter 11 bankruptcy protection in less than 48 hours, a breakneck pace of restructurings that included once-hot digital-broadcaster Vice Media LLC and KKR & Co.-backed Envision Healthcare Corp.
A resurgence of wildfires across Canada’s main energy producing province in recent days has prompted at least one driller to suspend some of its production again.
