Senegal and Morocco Celebrate Strengthened Bilateral Ties
Senegal’s Prime Minister, Amadou Ba, lauds the enduring and strengthened ties with Morocco, hailing the Kingdom as a “privileged partner” across diverse sectors. The acknowledgment came during the 50th Conference of the International Francophone Press Union (UPF) in Dakar, emphasizing the historical and reciprocal nature of the relationship. Prime Minister Ba highlights Morocco’s significant investments in Senegal, particularly in banking, insurance, and various sectors, underscoring the positive impact on economic cooperation. The UPF conference served as a platform for fostering international collaboration, showcasing Morocco’s integral role in the Francophone community. The commendation reflects a broader trend in African nations seeking robust intra-continental partnerships for mutual growth and development.
CIC Sells Winchester House in London for $316 Million
China’s sovereign wealth fund – China Investment Corporation (CIC) – has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.
Multiply Group Achieves Net Profit of $72.44 million in Q1-2023
Multiply Group, an Abu Dhabi-based investment holding company, on Tuesday announced that it has reported a net profit excluding fair value gains (losses) of $72.44 million, a 241% growth compared to the same period last year. The Group generated $82.52 million of dividends from its public market portfolio.
Foxconn fine for unauthorised China investment likely to be imposed soon – source
Foxconn, the world’s largest contract electronics maker, is likely to be fined soon by Taiwan’s government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday.
KKR raises $19 billion for flagship North America private equity fund
Buyout firm KKR & Co Inc (KKR.N) said on Monday it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever.
China’s Tencent fires 70 staff, blacklists 13 firms in anti-graft campaign
Tencent Holdings (0700.HK), China’s biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts.
Some investors have not got Evergrande unit’s bond interest due Nov 6: sources
Some holders of offshore bonds issued by a unit of developer China Evergrande Group (3333.HK) had not received interest payments due on Nov. 6 by Monday morning in Asia, two people familiar with the matter said.
Another Chinese property developer defaults, shares drop
Modern Land (1107.HK) reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group (3333.HK) and dragging on shares in the sector.
How Vietnam’s ‘influencer’ army wages information warfare on Facebook
Force 47, as the Vietnamese army’s online information warfare unit is known, consists of thousands of soldiers who, in addition to their normal duties, are tasked with setting up, moderating and posting on pro-state Facebook groups, to correct “wrong views” online.
HK tycoon Jimmy Lai’s Next Digital to stop operating from July 1 -memo
Hong Kong media group Next Digital (0282.HK), owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company’s assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.
