Bloomberg South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd be put into a special purpose vehicle to help save the utility and avoid job cuts. The Congress of South African Trade Unions urged the government strike a deal with the Public Investment Corp, Africa’s biggest money manager, to help …

Bloomberg PG&E Corp creditors, seeking to salvage their bid to take control of the bankrupt utility’s restructuring, sweetened their offer to wildfire victims and made new proposals aimed at winning over California Governor Gavin Newsom. In a letter to Newsom, the creditor group said they are prepared to pay the victims $13.5 billion in cash upfront instead of using stock …

Bloomberg Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the world has shifted from an era of supply tightness to plenty. What distinguished the developments of 2019 was not just how big they were but often how little impact they had. From the world’s biggest-ever initial public offering to …