Europe has an energy problem, and it could get worse once winter grips the continent. Gas and electricity prices are soaring, windmills are standing idle for lack of wind and shuttered coal-fired power plants are being brought back into use. There are even suggestions to use diesel generators for private generation. But oil isn’t the solution to the continent’s energy ...

Bloomberg South Africa’s largest clothing retailer sees a successful Covid-19 vaccination rollout as key to reopening the economy and adding new stores, helping to address the world’s highest unemployment rate. “If we get people vaccinated, the economy can normalise quickly,” Pepkor Holdings Ltd CEO Leon Lourens said in an interview. “If the economy normalises, we can create jobs.” The government ...

Bloomberg Colombia plans to start the bidding process for the construction and modernisation of three airports in the fourth quarter as part of a larger $13 billion infrastructure plan. The expansion of the capacity of the airport that serves Cali, the nation’s third-largest city, as well as those of Buenaventura and Neiva, in western Colombia, have an estimated cost of ...