Bloomberg Eskom Holdings SOC Ltd told operators of some independent wind-power plants that it won’t need their power at certain times of day due to lower demand amid a national shutdown. The amount of power generated from wind is at its highest when Eskom’s need is lowest, said Sikonathi Mantshantsha, a spokesman for the state-owned utility. South Africa started a ...

Bloomberg Peru is moving to fend off economic catastrophe with a record fiscal stimulus and plans for a contingency line of up to $18 billion from the International Monetary Fund (IMF) to contain the fallout from the coronavirus pandemic. The government is putting together a package of economic measures totaling 90 billion soles ($26 billion), including health-care spending, tax breaks ...

Bloomberg Denmark’s central bank drastically cut its forecast for gross domestic product, and now sees a painful recession this year, after the government’s response to the coronavirus pandemic brought the economy to a near standstill. GDP will contract somewhere between 3% and 10%, the Copenhagen-based bank said on Wednesday. The bank “has listed three scenarios, illustrating how severely the Danish ...