Bloomberg Apple Inc’s iPhone shipments plunged more than 60% last month, according to official Chinese data, as the coronavirus forced the US technology giant to close stores in the world’s largest smartphone market. Shipments dropped to about 494,600 units from year-earlier levels, according to Bloomberg calculations based on monthly data from the China Academy of Information and Communications Technology, a ...

Bloomberg The plunge in international oil prices has a potential upside for South Africa’s debt-stricken state power utility. Eskom Holdings SOC Ltd can’t generate enough power from its coal-fired power stations to meet demand, and burnt through diesel worth 6.5 billion rand ($407 million) at its open-cycle gas turbines in its last financial year to try and avert or limit ...

Bloomberg Iberdrola SA agreed to buy the 30% stake it didn’t already own in a wind farm project off the coast of France that will cost an estimated 2.4 billion euros ($2.73 billion) to build as the Spanish utility pursues its fast expansion in the clean power market. Iberdrola, which already had 70% in the Bay of Saint-Brieuc project, is ...