By Wendell Roelf CAPE TOWN (Reuters) – South Africa must fix its strained public finances and procure more renewable energy quickly to address a power crisis, President Cyril Ramaphosa said on Thursday. Ramaphosa acknowledged in an annual address to parliament that growth had stalled, exacerbating high levels of unemployment and increasing hardship for millions of […]
(This Jan. 4 story corrects to say Tomasi is Autostrade’s CEO, not Atlantia’s) MILAN (Reuters) – Atlantia’s toll-road unit Autostrade per l’Italia risks going bankrupt if Italy’s government revokes its motorway licence with limited compensation, its CEO told an Italian daily on Saturday, adding an alternative compromise could be found. Infrastructure group Atlantia <ATL.MI> has […]
By Huw Jones and Carolyn Cohn LONDON (Reuters) – Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on Wednesday, as insurers come under fire for being slow to act. Britain’s Financial Conduct Authority (FCA) […]
