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Tag: FINANCIAL TIMES

Business

South Africa’s Power-Cut Losses Plummet 83% as Supply Stabilizes

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

South Africa’s power-cut losses fell by 83% last year due to supply stabilization, with economic losses from outages decreasing significantly. Eskom’s improved maintenance of coal-fired plants contributed to this decline, …

South Africa’s Power-Cut Losses Plummet 83% as Supply Stabilizes Read More
economics / Technology

South Africa’s Energy Transition Endures Amid Trump-Induced Tensions

March 18, 2025March 18, 2025 - by Sofia Nawab - Leave a Comment

South Africa’s energy transition is robust despite tensions from former President Trump’s administration. The country focuses on sustainable energy to meet domestic needs and global climate goals. This determination showcases …

South Africa’s Energy Transition Endures Amid Trump-Induced Tensions Read More
Business / economics

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Nigeria’s annual inflation has decreased for the second consecutive month, falling from 24.5% to 23.2%. This trend leads to speculations that the Central Bank may pause interest rate hikes. With …

Nigerian Inflation Declines Again, Impacting Interest Rate Decisions Read More
Business / economics

Improved Relations Between Vale and Brazilian Government

March 17, 2025March 17, 2025 - by Carmen Mendez - Leave a Comment

Vale CEO Mauricio de Sousa reports improved relations with the Brazilian government after previous tensions last year, which may lead to enhanced cooperation. Mauricio de Sousa, the CEO of Vale, …

Improved Relations Between Vale and Brazilian Government Read More
Global news

Chinese President Xi Jinping Declines EU Invitation to Announce Diplomatic Summit

March 17, 2025March 17, 2025 - by Sofia Nawab - Leave a Comment

Chinese President Xi Jinping has declined to attend the 50th anniversary summit of EU-China relations. Instead, Premier Li Qiang will represent China. Discussions are ongoing regarding the summit’s date and …

Chinese President Xi Jinping Declines EU Invitation to Announce Diplomatic Summit Read More
Business / Companies

Trump Administration Supports TotalEnergies’ Mozambique LNG Project Amid Controversy

March 15, 2025March 15, 2025 - by Marcus Chen - Leave a Comment

The Trump administration has re-approved a $4.7 billion loan to TotalEnergies for its Mozambique LNG project, despite ongoing violence and political instability in the region. This financing aims to restart …

Trump Administration Supports TotalEnergies’ Mozambique LNG Project Amid Controversy Read More
Business / economics

IOC Presidential Election: Facing Financial Challenges and Climate Concerns

March 14, 2025March 14, 2025 - by Sofia Nawab - Leave a Comment

The IOC presidential election on March 20 will present challenges as candidates aim to revitalize an aging business model, amid declining sponsorship revenues. Approximately 60% of IOC income is tied …

IOC Presidential Election: Facing Financial Challenges and Climate Concerns Read More
Business / Companies

U.S. Exim Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project

March 14, 2025March 14, 2025 - by Allegra Nguyen - Leave a Comment

The U.S. Export-Import Bank has approved a $4.7 billion loan supporting TotalEnergies’ Mozambique LNG project. This financing is critical for the project’s revival after a four-year pause due to militant …

U.S. Exim Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project Read More
Business / Technology

Brookfield Initiates US$2.7 Billion Arbitration Against Peru Regarding Toll Roads

March 14, 2025March 14, 2025 - by Allegra Nguyen - Leave a Comment

Brookfield Asset Management Inc. has filed a US$2.7 billion arbitration case against Peru, alleging illegal expropriation of toll roads it operates in Lima. The dispute has been ongoing, with prior …

Brookfield Initiates US$2.7 Billion Arbitration Against Peru Regarding Toll Roads Read More
Companies

Revitalization of the Mozambique LNG Project: U.S. Loan and Ongoing Challenges

March 14, 2025March 14, 2025 - by Marcus Chen - Leave a Comment

The U.S. Export-Import Bank approved a $5 billion loan for the Mozambique LNG project by TotalEnergies, reviving a $20 billion venture previously halted due to security issues. With hopes for …

Revitalization of the Mozambique LNG Project: U.S. Loan and Ongoing Challenges Read More

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