Bloomberg South Africa, the world’s 12th biggest producer of greenhouse gases, has committed to improving its target for reducing its projected emissions of the pollutants by 17% in 2025. The environment ministry said in a presentation on Tuesday that it will, after consultation, present a revised so-called Nationally Determined Contribution to the United Nations Framework Convention on Climate Change. That ...

President Joe Biden’s next major legislative initiative is called an “infrastructure” bill, but it’s actually something bigger. It’s about transforming the nation to better fit the needs of our future economy — in other words, industrial policy. Usually when we think of infrastructure bills, we’re talking about repairing all the old stuff: roads and bridges. This bill will definitely include ...

In the annals of 21st century capitalism, Covid-19 will go down as a pressure cooker. The pandemic has put enormous strains on livelihoods, individual well-being, healthcare systems, the viability of firms and the stability of public finances. But a byproduct of this stress is that when it’s finally behind us, we might decompress a little — and choose to be ...

Why is AstraZeneca Plc making so many unforced errors in its attempt to distribute billions of doses of Covid vaccines to the world at minimal cost? Once the pandemic is under control, the Anglo-Swedish drugmaker should examine whether there’s a problem with the way it makes decisions. AstraZeneca agreed in April to help develop, manufacture and distribute Oxford University’s jab ...

If elections have consequences, as the cliché goes, then so do lies. Both kinds of consequences were on display this week in Georgia. On the same night that former President Donald Trump was on Fox News minimizing the January 6 attack on the Capitol, Georgia Governor Brian Kemp signed a law restricting voting rights in the state. Think of it ...

Bloomberg Chinese anger at Hennes & Mauritz AB (H&M) and other brands who refuse to use cotton from Xinjiang will pass but businesses will continue to face risks from political issues, the head of the European Union Chamber of Commerce in China said. “You really have to just let it happen, lay low and see when it blows over and ...

Bloomberg Food-delivery startup Deliveroo Holdings Plc is likely to price shares in its initial public offering at 390 pence each, the bottom of the range at which they were marketed, as reluctant investors and nervous markets weigh on London’s biggest listing this year. The sale will raise 1.5 billion pounds ($2.1 billion) at that price, assuming the company and its ...

Bloomberg American Airlines Group Inc expects to put most of its fleet back in service in the second quarter following “recent strength in domestic and short-haul international bookings” that hint at a gathering travel rebound. Falling infections and hospitalisations and rising vaccinations have spurred demand after a blow early this year when the US required negative coronavirus tests for international ...

Bloomberg Hugo Boss AG came under fire from Chinese celebrities over its stance on human rights in China, ensnaring the company in a growing boycott of western firms who won’t use cotton produced in the region of Xinjiang over concerns it’s made with forced labour by Muslim-minority Uyghurs. Li Yifeng, an actor and singer who has more than 60 million ...

Bloomberg Some 18 months after its chicken sandwich went viral, fast-food chain Popeyes is on a mission to take over the world. It may not work, of course. Its parent, Restaurant Brands International Inc., has a spotty overseas record, at best. But the ambition alone underscores just how startling a transformation the once-sleepy brand has undergone since the summer of ...