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Bloomberg Sasol Ltd agreed to sell a 30% stake in a natural gas pipeline running from Mozambique to South Africa for as much as 5.1 billion rand ($361 million) in order to pay down debt. The deal rounds out an accelerated asset-sale program that has helped Sasol reduce borrowings that ballooned amid cost overruns at a giant US chemicals project ...

Bloomberg Fuel that is so dirty that the global shipping industry banned its use last year is being burned at the highest level in three years in Mexican power plants. With the global shipping industry shunning sulfurous fuel oil to curb emissions, storage tanks in Mexico are overflowing with the stuff. The solution for Mexico is to push more of ...

Bloomberg Marathon Petroleum plans to repurchase as much as $10 billion of stock after the US oil refiner completed the sale of its Speedway fuel retail chain. The plan starts with a cash tender offer to buy as much as $4 billion of shares, or about 10% of its current market value, the company said. The repurchase would be the ...

Although the eradication of Sars-CoV-2 would be nice, most people accept we’ll have to live with the virus for some time, almost as we do with the flu. But a variant from India is now forcing the UK to define just what “living with it” means. It comes as England reaches another milestone on its roadmap to unlocking. From Monday, ...

China’s slowest population growth in decades may be felt more acutely beyond its borders than within them. The economy will keep humming and incomes can continue to climb, albeit at a slower rate. The rest of us, however, will need to adjust to a persistently slacker pace of global expansion and the prospective ebbing of deflationary pressure. The caricature of ...

Over the last two weeks, protests against a tax reform proposed by the Colombian government have left dozens of people dead, injured hundreds more, and brought much of the country to a standstill. At least 15 people have been killed in Cali, Colombia’s third-largest city, where more than 10,000 troops and police officers are fighting rioters who’ve barricaded the main ...

The US Centers for Disease Control and Prevention (CDC) made waves when it announced last week that vaccinated people can doff their masks. But one group of people has no hope of doing so: kids, for whom vaccines are still largely not authorised by the Food and Drug Administration. Only the Pfizer shot is authorised for kids as young as ...

Bloomberg Philippine Airlines Inc is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the US to carry out a restructuring, according to people familiar with the plan. The airline could return at least two Airbus SE A350s to lessors and four of the 10 Boeing Co. 777s ...

Bloomberg Go Airlines India Ltd, a no-frills carrier controlled by the Wadia Group, has sought approval from India’s markets regulator to raise as much as 36 billion rupees ($490 million) through an initial public offering. The company may consider a pre-IPO share issue of as much as 15 billion rupees, the airline said in its prospectus, adding the IPO size ...

Bloomberg Delta Air Lines Inc will require that new hires be vaccinated against Covid-19, aiming to protect employees and customers as demand for domestic air travel continues to climb. The carrier has “made great progress to achieve herd immunity,” a trajectory it wants to maintain with the new standard, Delta said. Vaccination isn’t required for current workers, though more than ...