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  Bloomberg KFC is temporarily closing some of its fried-chicken outlets in South Africa due to power cuts imposed by state electricity provider Eskom Holdings SOC Ltd. The Yum! Brands Inc chain made the decision after the number of blackout days passed 200 this year, a record. Eskom supplies more than 90% of South Africa’s electricity and has implemented nationwide …

  Bloomberg The rush to take advantage of post-Christmas sales lifted shopper numbers on Boxing Day, but with the cost-of-living crisis pushing UK consumers to cut back on spending any boost for retailers may prove short-lived. Retail tracker Springboard said Boxing Day shopper numbers rose 39% on 2021, when there were still some pandemic restrictions in place and limited trading …

  Bloomberg As a winter storm bore down on a broad swath of the US, a staffing crisis was brewing for Southwest Airlines Co in Denver. Chris Johnson, the carrier’s vice president of ground operations, declared a “state of operational emergency” at the airport after “an unusually high number” of employee absences, according to a message to ramp workers seen …

  Bloomberg The US is considering taking new coronavirus precautions for people travelling from China, which has seen a rapid rise in infections as officials lift Covid Zero restrictions. US officials said the government is concerned about the surge of cases in China, and has raised questions about the transparency of data the country is reporting about the spread of …

  Bloomberg A glitch in OR Tambo International Airport’s fuel-supply system resulted in major flight delays at South Africa’s busiest airport. The airport in Johannesburg has been “experiencing challenges with fuel supply from its fuel storage facility to the main hydrant system,” Airports Company South Africa said in a post on Twitter. “Technicians are onsite and have resolved the issue.” …

  Bloomberg The asset management arm of BNP Paribas SA said using a different interpretation of “sustainable investment” than some of its peers has allowed it to keep the European Union’s top ESG tag attached to about $20 billion worth of funds. Firms including BlackRock Inc, Amundi SA and Axa Investment Managers have reclassified more than $140 billion of so-called …

Bloomberg Japan will make it easier for cryptocurrency exchanges to list tokens, pressing ahead with plans to liberalise the industry even after the epic failure of Sam Bankman-Fried’s digital empire. The body that governs crypto exchanges informed member companies of the new rule which takes effect immediately, enabling them to list coins without going through a lengthy pre-screening unless the …

Bloomberg Malick Diop felt something shifting on Wall Street. He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day. “It really felt like, for the first time, the job and …

  Bloomberg Solana, the cryptocurrency backed by fallen crypto mogul Sam Bankman-Fried, tumbled amid concerns that large holders may be about to offload the token. Solana dropped as much as 12% on Wednesday and was trading 8.8% lower as of 8:40 am in London. Other tokens saw modest declines, with Ether slipping 1.3% and Bitcoin down 0.3%. While other so-called …

  Bloomberg India’s $50 billion fintech industry will face hurdles in the form of tougher regulatory scrutiny and tighter liquidity leading to higher cost of capital for some companies next year, Rakesh Pozhath, partner at consulting firm Bain & Company, said. Investors into the country’s fintech space that has drawn heavyweights from Warren Buffett’s Berkshire Hathaway Inc to Masayoshi Son’s …