The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Africa — The European Union has announced a $50 billion investment proposal for Africa and the Mediterranean as part of the European investment plan aimed at helping fight migration.

Argentina — U.S. industrial conglomerate General Electric will invest $10 billion in Argentina over the next decade.

Brazil — Petrobras has cut planned investment by 25 per cent to the lowest levelin a decade as Brazil’s heavily-indebted state oil company struggles to recover from the deepest crisis in its history.

China — Chinese companies invested a record $145 billion abroad last yearwhich is 18.3 percent more than in 2014. The country overtook Japan to become the world's second-biggest cross-border investor, after the US.

India — Vodafone has injected $7.2 billion into its Indian unitahead of an auction of airwaves in the world’s second-biggest mobile phone market, which has seen increased competition with the entry of a new player.

Malaysia — Malaysia’s $30-billion pension fund, Kumpulan Wang Persaraan (KWAP), is looking to pump in more money into technology firms.

Tunisia — Tunisia's parliament approved a long-delayed law to attract foreign investment, which fell sharply after the uprising in 2011, in a key reform demanded by international lenders.

Turkey — The European Bank for Reconstruction and Development has said it is funding Turkey’s investment in a new high-tech fiber-optic submarine communications cable system that will carry data between 17 countries, from Singapore to France and Italy.

UK — Following the UK's vote to leave the European Union, investment in the country's infrastructure has experienced setbacks, with postponements of some asset sales and a downsizing of other projects, according to ratings agency Standard & Poor's.

The Briefing

Weekly curated news, tips & opportunities for the global business community

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