Bloomberg As many as 7% of French firms could be in financial trouble when the government rolls back the blanket support it has provided during the pandemic, according to research by Bank of France economists. The estimate is based on an analysis of over 200,000 balance sheets received as part of the central bank’s annual ratings exercise. It identified firms ...

Bloomberg California is bracing for another afternoon of blistering weather and potential blackouts as officials urge people to conserve power and forecasters warn of a brutal summer ahead. Grid officials said they don’t expect rolling outages, either. Still, they’re urging consumers to curb power use, especially in the early evening when solar production fades and temperatures are expected to be ...

Bloomberg PricewaterhouseCoopers LLP (PwC) is investing $12 billion across its global business in an overhaul targeting better audits, digitisation of services and greener operations. The professional-services provider will hire 100,000 employees and develop the skills of existing staff over the next five years as it seeks to respond to the post-pandemic operating environment, it said in an emailed statement. “We will ...