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Modi defends anti-Muslim law as toll grows in India protests

Bloomberg Prime Minister Narendra Modi has staunchly defended India’s contentious new religion-based citizenship law in an address to a mass rally in the capital New Delhi, while elsewhere in the country the death toll from violent protests against the legislation crept higher. He asked voters to thank the parliament for pushing through the law last week and accused opposition parties ...

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South Africa labour group has debt plan for struggling Eskom

Bloomberg South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd be put into a special purpose vehicle to help save the utility and avoid job cuts. The Congress of South African Trade Unions urged the government strike a deal with the Public Investment Corp, Africa’s biggest money manager, to help ...

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PG&E creditors sweeten deal for California fire victims in new proposal

Bloomberg PG&E Corp creditors, seeking to salvage their bid to take control of the bankrupt utility’s restructuring, sweetened their offer to wildfire victims and made new proposals aimed at winning over California Governor Gavin Newsom. In a letter to Newsom, the creditor group said they are prepared to pay the victims $13.5 billion in cash upfront instead of using stock ...

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