Bloomberg South Africa passed 200 days of power cuts in 2022 on Tuesday, with more to come. Eskom Holdings SOC Ltd. said it will ramp up power cuts from so-called stage-1 load shedding, where it removes around 1,000 megawatts from the grid, to stage 3 from 4 pm local time until 5 am for the rest of the week. ...

  Bloomberg With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernise ...

  Bloomberg PLDT Inc is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun. “The discussion also includes the possible replacement of certain projects that will be cancelled, with new projects that will improve revenue growth and customer ...