Bloomberg South Africa’s Eskom Holdings SOC Ltd is scrutinising contracts to buy power from a government program for private developers to quickly bring on board additional generation. The state-owned utility started scheduled power cuts for the first time in almost a month, cutting 2,000 megawatts from the grid. That was due to breakdowns that affected a range of units, including ...

  Bloomberg European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall. Orders dropped to about 68% of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies through another pipeline, the Nord Stream, were near ...

Bloomberg China is slashing liquefied natural gas (LNG) purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same period last year, according to shipping data, and private companies are spurning offers to use once-highly coveted slots at state-owned receiving terminals. Consultancy Wood Mackenzie Ltd said it ...

As the war in Ukraine pushes well into its second month, much of the outcome thus far — including Russian failures in executing their battle plans — is the result of logistics. Moscow has struggled abysmally to get gasoline, ammunition and food to its frontline troops. On the Ukrainian side, the flow of weapons and other materiel from the North ...

From the way the public conversation was going, you might think renewable energy was firmly on the back foot as a result of the energy crisis that’s roiled the world since late last year. Transport fuel taxes have been cut to ease the pain of high crude prices in the European Union, India, the UK and US, among other countries. ...

  After a nine-month lunch break, China’s National Press and Publication Administration (NPAA) has reopened the window and started issuing game licenses again. Investors may be rejoicing, but rest assured that Beijing has a smile on its face, too. Let’s be clear: The NPPA isn’t some sloth-like bureaucracy that plods forward at DMV speed. In normal times, the Chinese regulator ...

  Unless Vladimir Putin rapidly comes to his senses and pulls out of Ukraine, Russia is on the verge of being cast out of the international capital markets for a very long time. Any bondholders still invested in the nation’s debt are on their own. The Russian government has tried to maintain payments to its creditors, but the US Treasury’s ...

Bloomberg EasyJet Plc reiterated its plan to gear up operations to near pre-pandemic levels through the summer high season, as an easing of travel restrictions unleashes pent-up demand. Europe’s second-biggest discount carrier managed to narrow its estimated loss in a fiscal first half roiled by the rise of the omicron variant of Covid-19, and has now turned its focus to ...

Bloomberg German billionaire Klaus-Michael Kuehne has doubled his stake in his country’s flagship airline Deutsche Lufthansa AG, cementing his position as the carrier’s second-largest shareholder behind the government. KA Logistik Beteiligungen GmbH, controlled by the the 84-year-old Kuehne, doubled its stake in Lufthansa to 10.01%, according to a filing. The investor plans to be a “long-term, stable and reliable partner” ...

Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over ...