Rolls-Royce aerospace chief Mark King resigns

Mark King announces departure just four months after being promoted to division beset by corruption allegationsThe head of Rolls-Royce’s aerospace division has resigned just four months after being promoted to lead the division beset by bribery and corruption allegations.Rolls said Mark King, who joined the company in 1986, would leave by the end of June.Rolls […]
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Doha trade talks critical to stop food price spikes, says WTO hopeful

Indonesia’s Mari Pangestu, a candidate to lead the World Trade Organisation, is keen for a multilateral deal on agricultureThe World Trade Organisation’s Doha round of trade talks can help to prevent a recurrence of severe food crises, Mari Pangestu of Indonesia, a leading candidate for the post of WTO director general (pdf), said in an […]
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Tony Blair’s stark warning if Britain ‘falls away’ to EU margins

David Cameron warned power shift to east means UK must be an enthusiastic member in shaping future of trading blocBritain cannot afford to “fall away” from shaping the future of the EU, Tony Blair will say on Wednesday as he issues a warning to David Cameron of the dangers of slipping to the margins in […]
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Cameron hits out at ‘bureaucratic rubbish’ holding back UK economy

PM tells CBI that Whitehall decision-making must become more pro-business and lashes out at judicial reviews halting infrastructure projectsBritain needs to clear out the “bureaucratic rubbish” obstructing enterprise because the nation is mired “in the economic equivalent of war”, David Cameron will say on Monday.In a hard-hitting speech that seems to reflect his frustration over […]
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Foxconn ‘considers plan to open factories in US’

Taiwan company’s reportedly evaluating LA and Detroit as site for TV assembly plants owing to rising labour costs at homeFoxconn, the controversial Taiwanese manufacturer that has become one of the world’s largest employers thanks to booming demand for the Apple products it assembles, is reportedly planning to open factories in the United States.With an 800,000 […]
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President Yudhoyono of Indonesia

The Prime Minister has met President Yudhoyono of Indonesia at Downing Street. Following the meeting, a spokesperson for the Prime Minister released the following statement: “Following his visit to Indonesia in April, the Prime Minister said it was a huge honour to welcome President Yudhoyono to Downing Street and that today’s talks would build on […]
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Financier Nat Rothschild resigns from mining group Bumi

Financier says he has lost confidence in the board following Bakrie family’s proposal to take control of Indonesian minesFinancier Nat Rothschild on Monday night suddenly resigned as a non-executive director of Bumi, the mining group he co-founded two years ago, declaring he had “lost confidence” in the board to stand up for investors in the […]
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Bumi venture proves costly for Nat Rothschild

Inquiry into Indonesian coalminer over alleged irregularities deals massive blow to Rothschild fortune – and reputationNat Rothschild’s disastrous acquisition of a stake in the Indonesian miner PT Bumi Resources was prompted by an introduction to the firm arranged by a controversial JP Morgan banker currently fighting market abuse charges.The scion of the world’s most famous […]
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The Bakrie family: an Indonesian business dynasty mired in controversy

To many, Nat Rothschild’s partners in his mining venture will forever be linked with Indonesia’s mud volcano disaster of 2006The scandal engulfing Nat Rothschild’s Indonesian mining venture, Bumi, has raised questions about the involvement of his local partners, the politically influential Bakrie family, whose leading light is set to run for the country’s presidency in […]
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Letters: Multicultural realities of our colonial past

Pankaj Mishra’s heart-felt account (The ruins of empire, Saturday Review, July 28) of Asian and African feelings about their collective colonial experience fails to analyse how much of western colonisation was a result of collaboration by African and Asian leaders and elites with European traders and diplomats who sweet-talked their way towards getting what they craved: treasure […]
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