Bloomberg South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility that’s subjected cities to outages for the past 13 years. Johannesburg and Cape Town, which have a combined population of about 10 million people, plan to diversify away from the electricity produced mainly ...

It’s not every day that the defense minister of a major NATO ally proposes a new deal in transatlantic relations by repeatedly and emotionally avowing her “gratitude” towards the US But that’s what Germany’s Annegret Kramp-Karrenbauer did last week. Even in the final throes of a presidential election, the cognoscenti in Washington on both sides of the aisle would be ...

Concerns that the forthcoming release of the PlayStation 5 could depress Sony Corp revenue in the September quarter weren’t realised, paving the way for what could be a blockbuster holiday season for the Japanese giant. What’s worth noting, however, is the supporting cast that helped set the company up for such a good fiscal 2020 that it boosted both its ...