Eskom Holdings SOC Ltd., South Africa’s indebted electricity producer, has won approval to increase tariffs by almost a fifth — the most in more than a decade — though that’s still below what it says is needed to help limit worsening power cuts.
HBO Max introduced its first price increase since the service was launched nearly three years ago, the latest sign that the grow-at-all-costs era of the streaming business is ending.
(Bloomberg) — There’s plenty of fight left in Steve Bannon. He’s even saved some for his attorneys.
Sanjeev Gupta’s Liberty Steel will cut production in the UK and idle some sites, as soaring energy costs threaten hundreds of jobs across the group.
(Bloomberg) — Mortgage rates in the US reversed course after two weeks of increases.
Airbus SE is exploring the next level of cockpit automation, testing a system that would provide advanced assistance from alerts on the ground to emergency diversions at cruising altitude should the crew be incapacitated.
Two Polish banks have suspended the sale of floating-rate mortgages, effectively locking in peak rates in a fresh challenge for the country’s home owners.
JPMorgan Chase & Co. is looking to start clearing precious metals trades in Zurich, something that for years has been dominated by just two Swiss banks.
Britain is sending a slimmed down delegation to Davos this year as the prime minister, Chancellor of the Exchequer and a number of major UK business leaders give the World Economic Forum’s annual meeting in the Swiss alps a miss.
Miami’s stubbornly rising housing costs landed it atop the US in inflation last month, even as a cooling of prices nationwide helped most regions see substantial improvement.
