Fighting between Islamic extremist rebels and Mozambique’s army over a key port is threatening to disrupt the East African nation’s burgeoning natural-gas developments, including a multibillion-dollar project led by French energy giant Total SA . The insurgent group, which is affiliated with Islamic State, seized control of the Mocimboa da Praia port this month and … Read more
Heavy rains that again swelled the Yangtze River are expected to hit the Three Gorges Dam with its largest-ever flood this week. The new rainfall at a time when summer rains usually have subsided threatens to prolong a crisis that has already caused billions of dollars in economic losses and displaced millions of people. In … Read more
US private equity major Blackstone Group has invested over $8 billion in Indian real estate and continues to be bullish on the country’s property sector, especially office spaces, even as it evaluates more investment opportunities here, said Christopher Heady, Asia-Pacific chairman and senior managing director, Blackstone. In an exclusive chat with Kailash Babar, Heady talks … Read more