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 ...

When war is raging in Ukraine, talk of reconstruction may seem premature. How can the country rebuild anything given the constant threat of attack? And yet, it’s right that governments and multilateral fore, along with Ukraine itself, are focusing on rebuilding. Although the first principle of help for Ukraine has to be military aid along with humanitarian support, it is ...