Bloomberg Talks between South Africa’s beleaguered power utility Eskom Holdings SOC Ltd and its biggest labor unions on wages have reached a stalemate, the latest crisis for the utility that’s struggling to boost electricity supply. The unions “responded with dismay” after negotiations failed to reach a conclusion during the final round. That’s when Eskom highlighted that it was unprofitable ...

  Bloomberg Trafigura Group posted record first-half profit, even after Russia’s invasion of Ukraine forced the commodities giant to pare back its activities as trading risk soared. Wild swings in prices and arbitrage opportunities helped to deliver net profit of $2.7 billion in the six months through March, Trafigura said in a report. At the same time, the war sharply ...

  Bloomberg Finnair Oyj, the hardest-hit among European airlines from the closing of Russian airspace, is planning an overhaul of its strategy that would see a smaller operation pivoting westward. “As a first step, the first response when we are reviewing our strategy on the back of the Russian airspace closure, we have pivoted our network to the west, and ...