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South Africa to open power grid to competition

  Bloomberg South Africa published proposed changes to the electricity regulation act that will facilitate the opening of the national power grid to private generators. State-owned Eskom Holdings SOC Ltd. has been the dominant supplier of power to Africa’s most industrialized economy for nearly a century, but its inability to meet demand from its poorly maintained coal-fired plants has resulted ...

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Cash-loving Japan warms up to cryptocurrency

  An inflation hedge in deflation-prone Japan? At least that’s what Mitsui & Co. is preparing to offer via a coin that may be available as early as this month. According to Nikkei, the trading house is planning a cryptocurrency linked to the yen-denominated price of one gram of gold. Gold is a sideshow in the blockchain world. When it ...

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Chip deals are going to get a lot harder

Nvidia Corp.’s aborted attempt to buy British semiconductor company Arm Ltd. isn’t the only chip deal to fail at the hands of regulators, yet its high-profile defeat portends a tough outlook for mergers and acquisitions in what has become one of the world’s most politicised industries. GlobalWafers Co, a Taiwanese maker of sliced silicon upon which chips are produced, has ...

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