Bloomberg European stocks dropped to a five-month low and US equity futures slumped as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from pandemic. The Stoxx Europe 600 Index sinks 2.5% after German Chancellor Angela Merkel proposed closing bars and restaurants for a month to curb the spread of the virus. The selloff across Europe …

Bloomberg South Africa’s main stock index dropped as much as 0.8% to the lowest since September 28 as major mining companies led the declines, with investors globally concerned about the impact of the worsening pandemic on economic activity and as jitters over next week’s US presidential election rise. Locally, traders are awaiting Finance Minister Tito Mboweni’s medium-term budget statement. The …

Bloomberg Green power is set to draw around $11 trillion of investment in the coming decades as the cost of renewables plummets and more of the world’s energy comes from electricity. That’s the latest analysis from BloombergNEF (BNEF) in its annual New Energy Outlook report. It’s further evidence of how cheap renewable power sources will continue to push aside fossil fuels …