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FOLLOWING last week’s widespread power failures, Texas policymakers and the state electricity industry must decide whether the blackout was caused by genuinely unforeseeable weather conditions or a failure to plan properly.
MARYLAND: One of the most extreme heat waves in generations is smothering California this week and pushing the region’s power grid to the brink of collapse
LONDON: The world’s oldest travel firm Thomas Cook has collapsed, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history
HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.
LONDON: Tesco, Britain’s biggest retailer, said sales growth slowed in its latest quarter, blaming a subdued overall market that has been hampered by poor early summer weather, sending its shares lower yesterday.
London: Europe’s fast-fashion retail stocks are back in the spotlight.
GEORGE TOWN: Bottled water company Spritzer Bhd will spend about RM25mil over the next two years to expand its PET (polyethylene terephthalate) plant, water-processing capacity and solar power projects to keep up with the group’s enlarged customer base and enhance its competitive edge.