Bayer strikes deal to buy Monsanto for $66bn

  Frankfurt/ AFP German chemicals giant Bayer said on Wednesday it had agreed to buy the controversial US seeds and pesticides firm Monsanto for $66 billion, in a deal that triggered immediate criticism from environmentalists. After a months-long pursuit, Bayer said its US peer had accepted an improved offer of $128 per share for Monsanto in an all-cash transaction, avoiding ...

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Brazil launches economic reforms with privatizations

  Brasília / AFP Brazil announced a series of auctions and tenders aimed at privatizing infrastructure — part of new President Michel Temer’s plans to revive the moribund economy. Under the new program, four airports will be put on the auction block this year, along with two port terminals. Tenders in the transport and mining sectors will also be up ...

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US billionaire echoes Rhodes with China scholarship

  Beijing / AFP A US billionaire’s giant gift to one of China’s top universities for a programme echoing Oxford’s Rhodes Scholarships comes as the country seeks to boost its schools’ prestige while tightening ideological control in classrooms. Tsinghua University in Beijing inaugurated its new Schwarzman College at the weekend, named after the co-founder of the Blackstone hedge fund Stephen ...

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Argentina woos investors at ‘mini Davos’

Buenos Aires / AFP Argentina opened a major investment conference, seeking to persuade executives from the world’s top multinational corporations to bet on Latin America’s third-largest economy and its new center-right government. With Argentina stuck in recession, President Mauricio Macri is keen to show foreign investors that things have changed since he took office. The former businessman took over in ...

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Why Trump’s dealmaking could be dangerous

Consider two quotations, the first engraved in modern history and the other less than a week old, and ask yourself what they have in common: “This morning I had another talk with the German Chancellor, Herr Hitler, and here is the paper which bears his name upon it as well as mine. … I believe it is peace for our ...

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Don’t believe the good economic news about Brexit

  With the arrival of positive manufacturing and services reports from the U.K., it seems that the British economy is doing fine. There’s dwindling talk of a recession caused by the vote the leave the European Union, and British politicians are wondering if a “hard Brexit” option –rapid withdrawal from Europe without a new trade agreement – might be feasible. ...

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What the US and China should do about Kim Jong Un

  In conducting yet another nuclear test last Friday, North Korea has escalated its confrontation with the rest of the world. The regime celebrated, saying it had made progress in miniaturizing nukes and attaching warheads to missiles. South Korea’s president rightly called it an act of “maniacal recklessness.” It’s clear, if it wasn’t already, that North Korea is no longer ...

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Growing plastic culture not good for future

  Plastics are destroying our marine life and animals. The ever-increasing trash is polluting the seas and oceans. According to a report few months back, China, Indonesia, the Philippines, Thailand and Vietnam made up 55% to 60% of the total plastic found in the world’s marine ecosystem. In Australia, the coastlines are being contaminated by plastic debris. Imagine 12.7 million ...

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Who’s to blame for closing of the world economy?

Pundits and policymakers everywhere are bemoaning the rise of a new, inward-looking populism. Led by the likes of Donald Trump and Nigel Farage, those who’ve felt only globalization’s ill effects, not its benefits, have mounted a fierce counterattack. Border-hopping elites fret that the whole process of opening up and knitting together the world through trade, capital flows and immigration may ...

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What Clinton missed in ‘basket of deplorables’

  Hillary Clinton made a mistake when she put half of Donald Trump’s supporters in a “basket of deplorables.” She had already given her big speech on Trump’s ties to the alt right. And she had talked before about some of his supporters being “deplorable.” You could even read her remarks as an attempt to persuade liberals to have more ...

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