Tag: multinational companies

Doumbouya orders Foreign Mining companies to process bauxite in Guinea, sets May as deadline

Tina Marie (Ms. Cat)

Doumbouya orders Foreign Mining companies to process bauxite in Guinea, sets May as deadline

“Despite the mining boom in the bauxite sector, we have to admit that the expected revenues are below expectations, and you and we cannot continue this game of fools that perpetuates great inequality in our relations” Doumbouya said.

The issue of countries earning less from their resources cuts across Africa. In some cases, the nation earns less than 40% of its own resources whilst the multinationals walk away with the big cuts. Do you think all other African countries should emulate this approach?

Winners, losers in Xinjiang cotton row

Tina Marie (Ms. Cat)

Winners, losers in Xinjiang cotton row

For politicians with wide-ranging commercial interest in China, it really hurts. One named person facing China’s sanctions saw his family fortune dwindle by US$1bil as businesses linked to him are hit, according to social media posts.

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According to media reports, Germany’s Adidas saw its share price plunge by over 6% on March 25. Adidas and US-based Nike saw their combined market value dissipate by more than 70 billion yuan or US$10.7bil. The market value of H&M; slumped by about 4.8bil yuan.

*Xinjiang*