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Chinese President Xi Jinping is set to rule his country for life

Chinese President Xi Jinping is already one of the most powerful leaders in his country’s history. Now he’s poised to…

8 years ago

Oil-Rich Nigeria Fuel Scarcity Weighs on Buhari’s Popularity

Lines of cars and trucks snaking around blocks in the center of the Nigerian capital, Abuja, highlight the state’s failure…

8 years ago

Comcast challenges Murdoch with $31 billion offer to buy Sky

Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky,…

8 years ago

Weinstein Co. to File for Bankruptcy After Deal Collapses

The Weinstein Co. is set to turn to bankruptcy to try and save its entertainment assets from the financial problems…

8 years ago

Latvia Scandal Places ECB Role as Bank Supervisor Under Scrutiny

U.S. claims that a Latvian bank laundered money and violated sanctions on North Korea led to the lender’s demise in…

8 years ago

Commonwealth: Nigeria Could Be A Key Brexit Ally

Britain voted to exit the European Union in 2017, a decision that has now famously been termed “Brexit.” In recent…

8 years ago

China’s Huawei Set To Lead Global Charge To 5G Networks

China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime…

8 years ago

How General Electric Gambled On Fossil Fuel Power

Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite…

8 years ago

Burkina Faso Seeks New Partner for $1 Billion Manganese Project

Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two…

8 years ago

Nigeria Takes Steps to Avoid Repeat of Etisalat Collapse

Nigeria’s telecommunications regulator said tougher financial-health checks on the country’s biggest mobile-phone companies could prevent a repeat of last year’s…

8 years ago

IMF Withdrew Permission For Kenya To Tap Standby Loan

The International Monetary Fund (IMF) withdrew Kenya’s access to a $1.5 billion standby loan in June. That hasn’t stopped the…

8 years ago

Noble, Delek Sign $15 Billion Deal to Export Israel Gas to Egypt

A $15 billion deal to export Israeli gas to Egypt is moving forward after months of talks, bringing the Jewish…

8 years ago

Nigeria Sells $2.5 Billion Eurobonds to Replace Naira Debt

Nigeria sold $2.5 billion of Eurobonds on Thursday as it sought to lower funding costs by using the notes to…

8 years ago

The $1.8 Billion Indian Bank Fraud that Went Unnoticed

The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and…

8 years ago

South Korea’s Moon Bemoans GM Plant Closure

South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) (GM.N) decision to shut down a factory south…

8 years ago

Amazon’s $1.2Million Settlement Over Pesticide Sales

  Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a…

8 years ago

Asia’s Biggest Private Equity Acquirer Is Seeking $6 Billion

Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise…

8 years ago

Warren Buffett’s Bumpy Ride With IBM Draws to a Close

Warren Buffett is just about done with International Business Machines Corp. His conglomerate, Berkshire Hathaway Inc., reported that it cut…

8 years ago

Britain To Add Nigeria’s Naira To List Of Accepted Trade Currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of…

8 years ago

IBM lawsuit casts diversity in starkly competitive terms

International Business Machines Corp’s (IBM) insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce…

8 years ago