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Mozambique to sell majority of dam stake

Bloomberg Mozambique plans to sell a majority stake in the planned $2.4 billion Mphanda Nkuwa hydropower dam that will be one of the biggest in southern Africa, according to Carlos Yum, the director in charge of the project. The government will issue a request for proposals this year, and will take up to four months to select the winner and ...

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Is Brexit working in UK’s favour 5 years after vote?

It’s been five years since UK citizens voted to exit the European Union and almost 200 days since they belatedly departed. The decision looks to be working in the UK’s favour — at least on the surface. The economy will grow 6.4% in 2021, second-best among the Group of Eight developed countries, followed by a G-8 leading 5.4% gain in ...

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Can airline bailouts help airport chaos?

The recent weekend chaos at US airports has left some wondering what the point was of bailing out the airline industry during the pandemic. But the hundreds of cancelled flights at American Airlines Group show why that aid was needed in the first place. American scrapped about 775 flights over the weekend and into June 21 as bad weather exacerbated ...

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