Headlines

Americas

Adoptions in America are declining

SHOULD state-funded adoption agencies be able, for religious reasons, to turn down prospective parents? An increasing number of states say they should, or are beginning to consider it. South Dakota has had such a law since March; Alabama’s governor signed a version in May; the governor of Texas, Greg Abbott, has a bill on his desk awaiting signature....

How to protect offshore oil platforms from roaming icebergs

RICK DURNFORD lassoes icebergs for a living. The ship he captains, the Maersk Detector, unspools thick polypropylene rope, circles around a floating island of ice to form a loop, tows the berg away and releases it onto a new course. It is a tricky process. In the patch of the North Atlantic where Captain Durnford operates, not far from where the Titanic...

Is Mexico’s government spying on its critics?

MEXICANS do not trust their government. Just 29% have some confidence in the institution, according to Latinobarómetro, a polling firm. A report in the New York Times on June 19th, widely broadcast by the Mexican media, must have reduced that number. It said that software sold to the government to spy on suspected criminals had turned up on the...

Donald Trump closes the door to Cuba—a bit

IT WAS typical Trumpian pageantry. On a bunting-trimmed stage at the Manuel Artime theatre in Miami’s Little Havana neighbourhood, the president of the United States declared on June 16th that he was “cancelling” the “completely one-sided deal with Cuba” made by his predecessor, Barack Obama. There is much less to this than Donald Trump’s...

Who governs Peru?

TO LOSE a minister to congressional censure is a normal hazard of democratic life. For a government to lose four in its first year, including the ministers of finance and the interior, on spurious grounds smacks of a parliamentary conspiracy. That is the drama that may soon face Pedro Pablo Kuczynski, Peru’s president. A year ago Mr Kuczynski,...

Asia Pacific

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Hindalco raises ₹3,350 crore via QIP

Hindalco Industries, an Aditya Birla group company, has raised ₹3,350 crore through issue of shares under qualified institutional placement, largely to pay back high-cost debt and invest in value-added aluminium and copper products. The capital-raising committee of the company’s board met here on Thursday and approved the proposal to allot 17.68...

Europe

Drooms continues to expand into new markets

European market leader for virtual data rooms continues to grow its business abroadCorporate finance and M&A team subject to international expansion Drooms, the leading provider of Virtual Data Rooms in Europe, is steam rolling ahead with its plans to continue expanding. Chris Beckmann (54) and Martin Alamri (42) joined the company in spring this year,...

British brand values take Brexit beating

Britain’s most valuable brands decline by an average of 6%Devaluation of the pound in the wake of Brexit is the primary causeSudden loss of value exposes iconic brands to foreign takeoversShell, Britain’s most valuable brand, has weathered the trend and is up 16%Lynx is Britain’s fastest growing brand after ditching ‘The Lynx Effect’ branding Every...

Hugh Dorins to lead SIA Group Property Services Division

SIA Group is uniquely placed to offer Asset Based Lenders, Financial Sponsors and Restructuring Practitioners a fully independent, in-house, multi-asset, turn key solution.    Leading independent asset valuation, advisory and disposal business, SIA Group, has appointed Hugh Dorins to lead its new Property Services Division, which will...

SIA Group opens Southampton office

SIA Group, a leading asset valuation, asset advisory and asset disposal business has announced the opening of a Southampton office further expanding its operations across the UK. The office located at Enterprise House, Ocean Village, Southampton SO14 3XB will be staffed by an initial four strong local team of asset valuation,advisory and disposal...

Dow Jones VentureSource 1Q’17 Europe Venture Capital Report

VENTURE CAPITAL REPORT: The following report presents Dow Jones VentureSource’s quarterly findings for European venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 1Q 2017 include: The...

Mena

Global Health: U.S. Malaria Donations Saved Almost 2 Million African Children

Global HealthBy DONALD G. McNEIL Jr.Over the last decade, American donations to fight malaria in Africa have saved the lives of nearly two million children, according to a new analysis of mortality rates in 32 countries there.The study, published by PLOS Medicine this month, looked at the long-term effects of the President’s Malaria Initiative, a...

White House Pushes Military Might Over Humanitarian Aid in Africa

MUA MISSION, Malawi — If ever there was an example of American and African military bonhomie, it was at a recent summit meeting here over glasses of South African Pinotage and expectations of Pentagon largess.Gen. Daniel B. Allyn, vice chief of staff of the United States Army, gave the African generals advice from his days in Haiti after the 2010...

Corruption Crackdown Intensifies in Tunisia, and the People Cheer

TUNIS — The Tunisian prime minister has embarked on a sweeping crackdown against organized crime, arresting nearly a dozen mafia bosses and smuggling barons in recent weeks in an effort to stamp out what has become a nearly existential threat to the young democracy.The campaign, led by Prime Minister Youssef Chahed, is proving popular among Tunisians...

Angola’s Corrupt Building Boom: ‘Like Opening a Window and Throwing Out Money’

LUANDA, Angola — An ambitious reconstruction plan after Angola’s civil war was meant to reach even the country’s most faraway corner, a region known as the Land at the End of the World.But the area’s new paved road abruptly turns to dirt about five miles before reaching the city of Cuito Cuanavale, the result of a mysterious disappearance in...

U.N. to Investigate Reports of Government-Backed Slaughter in Congo

GENEVA — The United Nations will send international experts to investigate reports that civilians are being butchered by pro-government forces and insurgents in the Democratic Republic of Congo.By consensus, the United Nations’ main human rights body, the Human Rights Council, on Friday approved a resolution to send a team of international experts...