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China to further synergize development with Africa: Xi tells Sierra Leone’s president Julius Maada Bio on 5-day visit to China

China’s President Xi Jinping has pledged increased support for Sierra Leone, aiming to boost economic ties and encourage Chinese firms to invest in the mineral-rich nation. From Corporate Africa  Chinese President Xi Jinping met his counterpart from Sierra Leone, Julius Maada Bio, in Beijing on Wednesday. Xi said “China will work to take the relationship […]
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Nigeria to merge, scrap, government agencies to trim costs

Nigeria’s government has approved a plan to merge, scrap, and relocate several agencies to streamline its bureaucracy and cut costs, the information minister said on yesterday.  Reuters news reported  that the move followed recommendations from a 2012 report from a government-appointed committee that suggested the elimination or merger of some 220 of more than 500 […]
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UK economy fell into recession after people cut spending

The UK economy has officially entered recession, figures show. A recession is defined as two consecutive three-month periods where the economy contracts rather than grows. A major measure of economic growth, gross domestic product (GDP) shrank 0.3% between October and December, the latest Office for National Statistics (ONS) data shows. It’s a steeper-than-expected fall, as economists […]
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‘Long and tedious journey’: companies sour on China outlook

Some of the world’s top food, drinks and tech companies have struck a sour tone about Chinese demand, deepening investor worries about damage to firms exposed to the country and Beijing’s ability to revive the world’s second-biggest economy. From Reuters news  The downbeat comments from companies including Starbucks (SBUX.O), opens new tab, Pandora (PNDORA.CO), opens new tab and […]
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