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August 17, 2022

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South Africa’s ‘silent revolution’ as those with cash go solar

Reuters
Power crisis drives South Africans to solar PV Cost barrier deepens divide between rich and poor Failure to sell back to grid a missed opportunity JOHANNESBURG, Aug 15 (Reuters) – Thanks to his rooftop solar panels, Pierre Moureau only notices the blackouts that regularly plunge South Africans into darkness when......

Aluminium foundry fights for survival in European gas crisis

Reuters
Family-owned aluminium foundry trials new shift pattern Plan to maintain production and reduce gas usage Carmakers warn output cuts inevitable if suppliers close New gas-free technologies will take years to scale up Suppliers need more help to innovate, industry says SOLTAU, Germany, Aug 9 (Reuters) – Shouting over the clanging......

Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

The pain after the gain: grocery deliverers reshuffle after lockdown boom

Reuters
AMSTERDAM, June 8 (Reuters) – The grocery delivery industry that erupted in the depths of lockdown is facing a painful period of adjustment that investors say is likely to see only a handful of firms survive in each market – and then, in very different shape. As the COVID-19 pandemic......

Canada’s move to bulk up antitrust muscle may miss root of problem

Reuters
TORONTO, June 5 (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.......

How a cheap component could help kill off combustion cars

Reuters
LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home......

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Reuters
May 25 (Reuters) – Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist......

Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Do spam bots really comprise under 5% of Twitter users? Elon Musk wants to know

Reuters
May 13 (Reuters) – Since 2013, Twitter has downplayed the spread of fake accounts on its platform, holding that “false or spam” accounts make up less than 5% of its user base even as independent researchers said the number could be three times higher. That discrepancy could now affect the......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

CEO steers electric truck startup Rivian through supply chain twilight zone

Reuters
NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them.......

Oreo-maker, Nestle, Pepsi face pressure from European employees over Russia

Reuters
NEW YORK/LONDON, April 14 (Reuters) – Oreo-maker Mondelez (MDLZ.O), Nestle (NESN.S) and PepsiCo (PEP.O) face pushback from workers in Ukraine and eastern Europe angered by the companies’ decisions to maintain some business in Russia, according to internal corporate communications reviewed by Reuters and interviews with six workers. The emerging employee......

Bird flu, Ukraine war push egg prices higher worldwide

Reuters
A farmer collects eggs at an organic poultry farm in Corcoue-sur-Logne, France, April 13, 2022. Picture taken April 13, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register CHICAGO/PARIS, April 14 (Reuters) – Severe outbreaks of bird flu in the United States and France are tightening global......

Logistics giants hedge their bets in uncertain U.S. self-driving truck race

Reuters
TUCSON, Ariz., April 4 (Reuters) – U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers. The uncertainties surrounding autonomous trucking come at a critical time for the U.S.......

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