The Democratic Republic of Congo lost out on about $1.4 billion in revenue by selling undervalued copper and cobalt deposits now controlled by Glencore Xstrata Plc and Eurasian Natural Resources Corp., a group led by former United Nations Secretary-General Kofi Annan said.
African governments must do more to spread the spoils of a resources boom that threatens to generate jobless growth and widen inequality, according to the Africa Progress Panel, led by former United Nations Secretary-General Kofi Annan.
BSG Resources Ltd., a company controlled by Israeli billionaire Beny Steinmetz, is suing its former communications adviser FTI Consulting LLP over what it said was a campaign linked to George Soros seeking to strip BSGR of rights to an iron ore project.
Russia urged Syria to accelerate a troop pullout scheduled to be completed today under a United Nations plan, as the Middle Eastern state demanded guarantees about the opposition’s commitment to the peace efforts.
The financial crisis in Cyprus is an historic opportunity for Turkey to win peace and bolster its European Union accession bid by offering a bailout, Standard Bank Group’s chief emerging-market economist said.