Guinea’s cabinet approved a recommendation to strip rights to part of the world’s biggest untapped iron-ore deposit from a venture of Vale SA and billionaire Beny Steinmetz’s mining company, BSG Resources Ltd., a government spokesman said.
Kenya is sending 412 people, mostly Somalis, to refugee camps in a security operation that human- rights groups have urged the government to halt because of reports of ethnic discrimination and sexual harassment.
Billionaire Beny Steinmetz approved millions of dollars in payments to a wife of the former president of Guinea as he fought to keep part of the world’s largest iron-ore deposit, a suspect in a U.S. graft investigation said in conversations secretly taped by the FBI.
A Guinean government review into ownership of the world’s biggest untapped iron-ore deposit has recommended billionaire Beny Steinmetz’s BSG Resources Ltd. and Brazil’s Vale SA be stripped of the project.
Malaysia’s anti-corruption minister said his nation needs greater clarity in political financing and government-procurement practices, while defending the handling of its missing airliner as transparent.
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe.