d r congo / Bloomberg The Democratic Republic of Congo said the developer for the first phase of the $100 billion Grand Inga hydropower project will be selected by August for construction to start by June next year. Two of the three groups that answered Congo’s 2010 call for bids remain in the running, Bruno Kapandji, head of the ...

Gigantic government’s complexity and opacity provide innumerable opportunities for opportunists to act unconstrained by clear law or effective supervision. Today’s example, involving the government’s expropriation of hundreds of billions of dollars, features three sets of unsympathetic actors — a grasping federal government, a few hedge funds nimble at exploiting the co-mingling of government and the private sector, and two anomalous ...

  The crackdown on smoking advertising is assuming a global trend. Many countries are moving gradually to tighten grip on smoking promotion to reduce tobacco-related deaths. The tobacco industry, which rakes in huge revenues and gives employment to lot many people, is lobbying hard to put brakes on an all-out war against tobacco even as governments move cautiously to address ...