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Scotland’s SSE to sell energy waste plant stakes for $1.3b

Bloomberg SSE Plc rose after it agreed to sell its 50% stakes in two energy from waste ventures as part of its plan to focus on renewable generation. The Scottish utility will sell its holdings in Multifuel Energy Ltd and Multifuel Energy 2 Ltd to the European Diversified Infrastructure Fund III, a fund managed by First Sentier Investors, for a ...

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New Zealand gives US a lesson in ‘democracy’

What if the coronavirus pandemic delayed an election and no one cared? That’s pretty much what’s happening in New Zealand, where Prime Minister Jacinda Ardern appears to be cruising towards victory in an election this Saturday after rival politicians sought postponement from the original September 19 date. At a time when America is tearing itself apart over the crises of ...

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Italy is suddenly looking very French

The pandemic has prompted governments to take a more active role in managing their economies. Politicians are giving out generous loan guarantees and subsidising wages to reduce the risk of a wave of bankruptcies and mass unemployment. The next step is taking over companies directly. After a spree of recent acquisitions — from payment systems to airlines — Italy appears ...

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