Economic developing countries news coverage

Calls for UK to bar Bain & Co from contracts over South Africa corruption

 According to the Guardian’s exclusive reports, Boris Johnson should bar Bain & Company from lucrative government contracts in light of a judicial commission’s findings about the management consultancy’s “despicable” role in state corruption in South Africa, Peter Hain has said  In a letter shared with the Guardian, the former Labour minister and anti-apartheid campaigner urged […]
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Canton Fair urged to further promote opening-up global trade and economic growth

The opening ceremony of the 130th China Import and Export Fair has kicked off in Guangzhou south China on Thursday 14th October. Chinese Premier Li Keqiang attended and made a speech to call on nations to uphold openness and cooperation to jointly promote economic recovery. Chinese President Xi Jinping renewed China’s pledge to work with […]
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Why Blackrock’s China ambitions have drawn fire from one of the world’s most famous investors

The asset management giant has won approval from Beijing to begin operations at its wholly-owned business in the country, but it is a debate that has pitted one of the world’s most famous investors against its most powerful. From Sky News Last week, BlackRock, the world’s biggest asset manager, won approval from the Chinese government […]
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China steel firms start merger to create world’s third biggest producer

Chinese steelmakers Ansteel Group and Ben Gang formally began the process of merging their operations on Friday, the official Xinhua news agency reported, in a move that will create the world’s third-largest producer of the metal  State-owned Ansteel is taking a 51% stake in smaller rival Ben Gang from the regional state assets regulator, with […]
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UK firms may buy Welsh computer chip maker if Chinese takeover fails

Three more British companies have said they are willing to join a group to buy the Welsh semiconductor manufacturer Newport Wafer Fab if the UK government blocks a takeover by a Chinese-owned company on national security grounds. The Guardian reports  The technology executive Ron Black said the new companies had come forward after he revealed the […]
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