Wednesday, August 20, 2014
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#Chad withdraws Chinese exploration permits

Chad has decided to withdraw five exploration permits issued to a Chinese company and press charges in a row over a $1.2bn fine for environmental violations, the oil ministry has said.

Read more: #Chad withdraws Chinese exploration permits


#China jails GSK-linked British investigator

A China court has sentenced a British-American couple to two years in prison for illegally obtaining private data on Chinese citizens.

Read more: #China jails GSK-linked British investigator


#Malaysia Airlines to be nationalised

Malaysia's state investment fund has unveiled plans to make Malaysia Airlines fully government owned, as it prepares to carry out a far-reaching overhaul of the carrier that is reeling from double disasters.

Read more: #Malaysia Airlines to be nationalised


World Bank pledges $200m to contain #Ebola

The World Bank has pledged $200m to help contain the deadly Ebola virus, with the growing crisis forcing healthcare system in Liberia to shut down out of fear of staff contracting the virus.

Read more: World Bank pledges $200m to contain #Ebola


US announces $14bn investment in Africa

The US government has announced $14 bn in commitments from US businesses to invest in Africa, as representatives from nearly 100 American and African companies gathered in Washington to discuss ways to boost economic partnerships.

Read more: US announces $14bn investment in Africa


'Billions' on table at Africa summit in US

The United States will announce nearly $1bn in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programs in Africa during a summit this week, officials said.

Read more: 'Billions' on table at Africa summit in US


#Argentina set for turmoil as debt talks fail

Talks in New York aimed at averting Argentina's second default in 13 years have ended with bitter recriminations as Buenos Aires said it could not accept a deal with US hedge fund creditors it dismisses as "vultures".

Read more: #Argentina set for turmoil as debt talks fail


#Russia ordered to pay $50bn in Yukos case

The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50bn in compensation over its seizure of the one-time oil giant, according to the main shareholder GML Ltd.

Read more: #Russia ordered to pay $50bn in Yukos case


US widow awarded $23.6bn tobacco payout

A Florida jury has awarded the widow of a chain-smoker who died of lung cancer punitive damages of more than $23bn in her case against the RJ Reynolds Tobacco, the nation's second-largest cigarette maker.

Read more: US widow awarded $23.6bn tobacco payout


#Microsoft to cut 18,000 jobs worldwide

Microsoft has announced the biggest layoffs in its 39-year history, outlining plans to cut 18,000 jobs worldwive in a move that marks the chief executive's sharpest pivot yet away from his predecessor's drive for the company to make its own devices.

Read more: #Microsoft to cut 18,000 jobs worldwide


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