Bloomberg Indonesia, the world’s top coal exporter, is exploring new markets outside its typical strongholds in Asia-Pacific as buyers seek alternatives to Russian supplies after its invasion of Ukraine. Miners have been contacted by buyers in some Western and European countries as a substitute for Russian supplies, Hendra Sinadia, deputy executive director of the Indonesian Coal Mining Association, said ...

  Bloomberg The head of South Africa’s state power utility held discussions with the World Bank as it explores options for transitioning from coal-fired stations to cleaner sources of energy. Eskom Holdings SOC Ltd CEO  Andre de Ruyter travelled to the bank’s headquarters for the talks. The power utility supplies more than 90% of the country’s electricity, the bulk of ...

Department stores have been under some pressure to split off their e-commerce operations. It’s an idea that should be left on the shelf. Macy’s Inc has felt the push from activist investor Jana Partners LLC, but says it won’t spin off its e-commerce business. A demerger at Kohl’s Corp is off the agenda because the company is more focused on ...