China Three Gorges Corp., the state-owned company that runs one of the world’s largest hydro power dams, removed its chairman a month after it said a government probe found nepotism and lavish spending among managers.
Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
Mozambique’s ruling party appeared set to pick a compromise candidate as its presidential nominee in a bid to unify factions that support former Prime Minister Luisa Diogo and ex-Defense Minister Filipe Nyussi.
Israel told the Palestinians it’s willing to withdraw from only 40 percent of the West Bank, a Palestinian official close to the peace talks said, indicating how far U.S. Secretary of State John Kerry is from delivering an accord.