Moscow — Russia’s ambitious Northern Sea Route (NSR) requires 735-billion roubles ($11.7bn) in investments, with the state budget to provide a third and the rest to come from companies and banks, said the head of state nuclear firm Rosatom.
Lausanne — China Mengniu Dairy and Coca-Cola have signed a multiyear global Olympic deal as joint beverages and dairy sponsors starting from 2021 until 2032, the International Olympic Committee (IOC) said on Monday.
Lusaka — If mounting foreign debt, an anaemic currency and stagnating growth are not enough, President Edgar Lungu’s move to break up Zambia’s largest copper mining firm threatens an investor exodus and thousands of job losses.
The US, Europe and China must come first when it comes to the pursuit of alliances around the globe. Other regions such as Africa, Russia and Latin America can come second for now, writes Phumlani Majozi.
Paris/Singapore/Beijing — Shares in France’s Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms.