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Mozambique expects $880mn tax windfall from Occidental deal

Bloomberg Mozambique expects to get $880 million in capital gains tax from Occidental Petroleum Corp.’s deal to sell its Africa assets to Total SA, the presidency said in a statement. The nation, already cashing in on a liquefied natural gas boom even before it starts exporting the fuel in 2023, is home to a $23 billion project that Anadarko Petroleum ...

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Xi military parade to showcase China missiles spooking US

Lead xi china copy

Bloomberg In Beijing, President Xi Jinping’s grand military parade through the capital will be cheered as a display of national pride after 70 years of Communist Party rule. In Washington, many will see a growing threat to American dominance in the Western Pacific. Alongside the tanks, troop carriers and columns of goose-stepping soldiers, the 80-minute procession past Tiananmen Square on ...

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Al-Shabaab attacks US base in Somalia

Somalia attack

Bloomberg Al-Shabaab, an al-Qaeda-linked militant group in the Horn of Africa, attacked a US military base near Somalia’s capital, Mogadishu, and detonated a car bomb targeting a European Union military convoy. “We are aware that the al-Shabaab militants detonated two car bombs at the US army base in Balidoogle area,” Abdirahman Muse Ali, a Somalia army officer, said by phone. ...

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