Bloomberg Business

Zimbabwe Leader Wins New Term, Monitors Say Vote was Flawed

Zimbabwean President Emmerson Mnangagwa was declared the winner of an election that observers said was deeply flawed, extending a tenure that has been marred by the near-collapse of government services and endemic poverty and unemployment.

South Africa Says Distribution Is ‘Albatross’ of Power System

South Africa’s electricity distribution system is “an albatross” beset by fighting between the national power utility and municipalities as the government takes steps to stabilize the grid, according to the electricity minister.

Austria Boosts Energy Windfall Tax as Profit Debate Lingers

Austria plans to adjust a windfall tax on oil and gas companies so that it kicks in at lower profit levels, part of efforts to contain public discontent over growing corporate earnings at a time of rising living costs.

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