Nigeria had in 2008 revoked an agreement that gave control of the Ajaokuta Steel and the National Iron Ore Mining Co. to Global Infrastructure (Nigeria) Ltd., a subsidiary of Ispat Industries Ltd., on the grounds that the deal was skewed in favor of the concessionaire to the detriment of the country. Global Steel challenged the … Read more
Even a small check from Ratan Tata is considered a badge of honor among the country’s fraternity of entrepreneurs. Naidu, a design engineer and an MBA from Cornell University, the alma mater of Ratan Tata, connected with Tata when he sought funding for his first startup, Motopaws, a social enterprise that provided reflective collars for … Read more
So far, policy makers have refrained from a large-scale bailout for property developers and repeated hawkish language against speculation in the sector. Liu Peiqian, chief China economist at NatWest Group Plc, said “more substantial easing on the property sector” and a relaxing Covid policies were needed to improve sentiment.
The center of China’s covid outbreak has shifted over the last month, with cases low in Shanghai and surrounding provinces but rising elsewhere, with some new lockdowns and restrictions being imposed. The eastern province of Anhui, Xi’an, home to the famed Terracotta Warriors, and manufacturing hub Wuxi all imposed curbs during the month. Lanzhou, the … Read more