Ed joined the London Breakingviews team in 2018 as Africa columnist. Before that, he was Reuters sub-Saharan Africa bureau chief, based in Johannesburg. During two decades at Reuters, Ed has reported from three continents, with postings in London, Edinburgh, Phnom Penh, Bangkok and Johannesburg. Along the way, he has covered everything from the dotcom bubble to the death of Nelson Mandela and fall of Robert Mugabe. He holds a degree in Classics from Cambridge University.
The element could play a major role in decarbonisation, which has sent shares in related companies skyrocketing. As with the 1999 tech-stock boom, investors can’t tell which group can corner the market. But they can see which uses of hydrogen will become cost-competitive first.
The miner is exiting the African state by lending it $1.5 bln to buy its Mopani stake. Linking repayment to the mine’s future copper revenue cuts Glencore’s risk. Lusaka’s bulging debt pile, and its history of disastrous state ownership, gives taxpayers less reason to celebrate.
The European chemicals group bid $1.7 bln for Helsinki-based Tikkurila, trumping an offer from PPG. It comes just three years after the firm led by Thierry Vanlancker fended off a takeover by its U.S. rival. Whoever wins this fight will struggle to gloss over the hefty price tag.