Friday , 19 December 2025

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JinkoSolar doubles its capacity with new plant

Bloomberg JinkoSolar Holding Co, the world’s biggest solar panel maker, started operations at the first phase of a massive 11 billion yuan ($1.6 billion) factory in China’s eastern Zhejiang province that will eventually double its manufacturing capacity. When finished, the entire plant is designed to produce 16 gigawatts of panels a year in Yiwu city, a division of the local …

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Lufthansa bailout to trigger turf war from low-cost rivals

Bloomberg Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European aviation’s old guard and low-cost challengers. A rivalry that’s been simmering for years has been given fresh impetus by the coronavirus crisis, with former flag carriers falling back on government support as discounters including …

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S Africa agrees to $1.2b national airline bailout

Bloomberg South Africa’s government provisionally agreed to allocate at least 21 billion rand ($1.2 billion) to the country’s embattled national airline to help repay debt and resume operations after the lifting of Covid-19 travel bans. The proposed package includes about 17 billion rand that will go towards repaying South African Airways (SAA) creditors, according to a draft copy of a …

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