Bloomberg Sasol Ltd is reining in oil expansion and considering job cuts as part of ongoing efforts to turn the business around and protect itself from market downturns. The overhaul at the South African company follows a 50% slump in its shares this year as oil’s crash strained finances already pummeled by cost overruns at a giant US chemicals project. …

Bloomberg Ikea wants to assemble its own little power plant. The Swedish flat-pack furniture giant plans to cover every inch of rooftop space at one of its 10 Australian megastores, including purpose-built car parks, with solar panels. Together with big-battery storage and other technology, the operation will not only be energy self-sufficient, but will also be able to feed excess …

Bloomberg India officially started opening its coal sector to non-state firms, seeking to end a government monopoly on mining and selling the fuel. The country launched its first auction process, which will cover 41 mines, the Ministry of Coal said. The ministry expects the mines to generate $4.3 billion of capital investment over the next 5-7 years, and boost the …