Brussels seeks to end a Europe-wide medicine shortage by stockpiling drugs and obliging manufacturers to guarantee supplies. The EU will also try to reduce reliance on China and increase domestic production capacity, the European Commission told the Financial Times.A surge in winter sickness in the…

André de Ruyter, the head of South Africa’s power monopoly, illustrated the high level of criminal theft in the country’s energy supply by explaining how organised gangs would swap out truckloads of coal for delivery and replace them with low-grade rocks.An apparent attempt last month…

Deloitte has struck a deal to sell its UK pensions advisory division to Isio, the private equity-backed business spun out of KPMG in 2020. The planned disposal is the latest in a string of transactions by the Big Four accounting firms, which also include EY,…

A South Korean manufacturer plans to spend $2.5bn to expand solar power equipment production in the US state of Georgia, a sign that billions of dollars of green subsidies passed by Democrats are sparking new clean energy investment.The move by Hanwha Q Cells to build…

One of the world’s largest renewable energy projects has been placed into voluntary administration after Australian mining magnate Andrew Forrest clashed with tech billionaire Mike Cannon-Brookes over the terms of a new funding round.Forrest’s Squadron Energy opted against supporting a recapitalisation plan because of concerns…

UK news publisher Reach has warned that its full-year operating profit will come in below market expectations after advertising fell in its key end-of-year period, knocking its share price down by nearly a quarter. The group’s shares fell more than 23 per cent in early…