The South African minister who oversees state power utility Eskom Holdings SOC Ltd. accused its former Chief Executive Officer Andre de Ruyter of spending too much time promoting a transition to green energy and paying inadequate attention to fixing its broken coal-burning plants.
Francoise Bettencourt Meyers, the world’s richest woman, is bolstering her family’s investment company with a hire from McKinsey & Co. amid a surge in the value of L’Oreal SA, the cosmetics giant founded by her grandfather.
German landlord Adler Group SA is preparing to force through its restructuring plan in a London court but some bondholders are making their own maneuvers.
Nigeria ordered its land borders shut ahead of presidential elections on Saturday in Africa’s biggest democracy.
Malaysian Prime Minister Anwar Ibrahim unveiled a revised 2023 budget that proposes to tax vanity spending and use the funds to protect livelihoods, as part of a wider move to narrow the government’s budget deficit.
Bank of Japan Governor nominee Kazuo Ueda warned against any magical solution to produce stable inflation and normalize policy as he largely stuck to the existing central bank script in the first parliamentary hearing to approve his appointment.
China called for a cease-fire between Russia and Ukraine in a position paper on ending the war that offered some reprieve to Moscow but was quickly dismissed by Kyiv’s allies as the conflict enters its second year.
(Bloomberg) — The European Central Bank may need to deliver significant interest-rate increases into the second quarter, according to Governing Council member Joachim Nagel.
China’s technology stocks took a beating after more firms reported earnings, just when price wars and geopolitical tensions cloud the growth outlook for the sector.
One of the biggest members of the Japan Industrial Partners Inc.-led group pursuing a takeover of Toshiba Corp. intends to reduce its financial contribution, according to people familiar with the matter, adding another potential hurdle to the buyout of one of the country’s most iconic companies.
