BLOOMBERG South African coal exporter Thungela Resources Ltd saw profits plunge by 69% in the first half of the year on weaker coal prices and logistical constraints. The company, which is the country’s largest shipper of coal for electricity generation, posted record income last year as European demand for the fuel surged after Russia’s invasion of Ukraine, causing prices to ...

BLOOMBERG Parts of Europe will remain much hotter than normal this week as wild fires destroy homes and force evacuations in parts of Greece. Madrid will for the next few days get temperatures of just below 40C (104F), or more than 6C above normal for the time of year, according to Maxar Technologies Inc. Red and Orange heat warnings remained ...

BLOOMBERG Americans are still spending. And the country’s biggest retailers are still warning that the party is at risk of fizzling.  Walmart Inc, Target Corp and Home Depot Inc all topped Wall Street’s profit estimates in their fiscal second quarters, which ended in late July. In that way, at least, the results reinforced the picture of a resilient consumer after ...