Bloomberg The coronavirus pandemic will accelerate Eni SpA’s pivot away from conventional refineries to investing in greener facilities. “Instead of slowing down, we see Covid as a reason to accelerate the transition to low-carbon energy,” Chief Executive Officer Claudio Descalzi said in an interview with Bloomberg. In February, Eni set tougher climate goals, in which the Italian energy giant pledged …

Bloomberg The Economic Transformation Committee of South Africa’s ruling African National Congress (ANC) suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC into non-state hands was made in a discussion document, which considered responses to the coronavirus-induced economic slump. The ANC’s labour union allies …

Bloomberg Swatch Group AG cut 2,400 jobs, a record cull, and trimmed its store network as the Swiss watchmaker became unprofitable for the first time. The maker of Omega and Longines timepieces said on Tuesday it accelerated plans to shut stores permanently in Hong Kong as well as shops that sell its colorful namesake brand and Calvin Klein timepieces. Sales …