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The outlook for Africa's debt sustainability remains "cloudy" as low growth and high inflation challenge the stability of many economies across the continent, the World Bank's Africa chief economist said on Monday. ....
The battle between two of Australia’s richest men for control of bankrupt renewables startup Sun Cable has ended in a whimper. On Friday Mike Cannon-Brookes, co-chief of technology company Atlassian, won the auction for the firm via his Grok Ventures fund, bidding less than A$100 million ($65 million) per an estimate by the Australian Financial Review . Surprisingly absent from the final bout was Squadron Energy, one of Fortescue Metals founder Andrew Forrest’s investment companies. Both were early investors in Sun Cable; their spat over its strategy plunged the firm into administration in January. ....
The collapsed $20 billion Sun Cable renewable energy project has been rescued by part owner and Australian technology entrepreneur Mike Cannon-Brookes, the company's administrators said on Friday. ....
A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk's $44 billion buyout. ....
European stocks steadied on Thursday after their worst two-day selloff since March, as investors balanced concerns over the U.S. debt ceiling standoff and a global economic slowdown with optimism from upbeat corporate earnings. ....