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  • How foreigners have transformed Subaru's hometown Tuesday, 28 Jul 2015 | 9:09 AM ET

    It's not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It's here that Subaru's parent company, Fuji Heavy Industries Ltd, got its start building engines and the Hayate fighter plane for the Imperial Army in the 1940 s. A recent influx of foreigners has transformed the Subaru hub, making it a rare example of...

  • The top executive at the maker of Subaru automobiles joked that he would have to wear a helmet on an upcoming trip to the United States. Subaru's U.S. sales have almost doubled in the past four years. Subaru's " Love Promise," in which it pledges to make "a positive impact in the world," has helped build loyal consumers in states like California, New York and Washington.

  • LONDON/ BRUSSELS, July 28- Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries. Diageo said it has become market leader in spirits in South Africa with a 40 percent share and felt it had the necessary scale to go it alone.

  • PARIS, July 28- France's largest telecom operator Orange inched closer in the second quarter to a long-awaited recovery as customers shifted to premium high-speed mobile and broadband services, allowing it to confirm annual profit, debt and dividend targets. Analysts welcomed what they said was a slight beat on revenue and core profit as strong commercial...

  • SAN FRANCISCO— Ivory dealers in San Francisco's Chinatown stood in their shop doors next to windows full of carved ivory tusks and trinkets, unfazed by proposed federal rules that the White House says go as far as possible to ban the U.S. trade of ivory from the world's endangered elephants. "Cow bone," Virginia Lo, manager of a Chinatown shop next door, said of the...

  • BRUSSELS, July 28- Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11- year cooperation in South Africa and Namibia in a series of deals to disentangle joint ventures. Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, said it had become market leader in spirits in South Africa with a 40 percent share and felt it had the...

  • LAUNCESTON, Australia, July 28- Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa. For the Angolans, the large boost in July exports to China will be a welcome change, as they lost their number two spot behind Saudi Arabia in the first six months of 2015 to Russia, according to Chinese customs data. China imported 19.011 million...

  • First Quantum said it was unable to provide estimates on how long the power supply reduction would last or its impact on production. The country's power provider ZESCO has contracted independent power producers to procure more electricity by the end of 2015, First Quantum said. First Quantum's Zambian smelter, which ramped up in February, is expected to...

  • A risky investment with maybe 'China-like returns' Monday, 27 Jul 2015 | 12:12 PM ET
    Pedestrians wait at a roadside beside a sign advertising Caterpillar heavy construction machinery in Dakar, Senegal, last January.

    Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.

  • Nigeria tech enclave springs up in Lagos suburb Monday, 27 Jul 2015 | 7:52 AM ET

    LAGOS, July 27- At first glance, Yaba is like many other parts of Nigeria's sprawling commercial capital: a cacophony of car horns and shouting street vendors, mingling with exhaust fumes and the occasional stench of sewage. But in between the run-down buildings in this seemingly inauspicious part of Lagos, a city of around 21 million, tech start-ups are taking...

  • JOHANNESBURG, July 27- From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets. Private equity deals in Africa totalled $8.1 billion last year, the second highest on record after the $8.3 billion posted in 2007,...

  • ATHENS, Greece— At its height eight years ago, George Kranitis' family-owned shipyard in Patra, Greece's third-largest city, employed some 35 people and sold around 340 boats annually. "We're being destroyed," said Kranitis who also heads the Greek Boat Builders' Association. With a coastline that's 10,720 miles in length, which according to the Greek Boat Builders'...

  • MUMBAI, July 27- Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. Facebook developed the platform with six technology partners to bring an estimated 4.5 billion unconnected people online, mainly in Latin America, Asia and...

  • No real facts to support Africa optimism: Whiton Sunday, 26 Jul 2015 | 8:32 PM ET
    No real facts to support Africa optimism: Whiton

    Christian Whiton, principal at DC International Advisory, discusses U.S. President Barack Obama's historic visit to Kenya.

  • Obama, Kenya leader agree on terror, split on gays Saturday, 25 Jul 2015 | 5:05 PM ET
    President Barack Obama comments on the Supreme Court ruling on the constitutionality of same-sex marriage in the Rose Garden at the White House in Washington June 26, 2015.

    In his first visit as president to Kenya, President Obama struck a relentlessly upbeat tone, but found himself at odds as well.

  • How effective is new malaria vaccine? Friday, 24 Jul 2015 | 11:40 AM ET
    How effective is new malaria vaccine?

    Suki Virji, analyst for Scrip Intelligence, discusses the malaria vaccine developed by GlaxoSmithKline, which has received a "green light" by the European Medicines Agency.

  • 'Landmark' trade deal on slashing tech tariffs agreed Friday, 24 Jul 2015 | 11:29 AM ET

    The Geneva- based World Trade Organization said 49 of its members— including the United States, China and the European Union— reached a tentative accord to expand the 1996 Information Technology Agreement following three years of talks. Taiwan, a big producer of electronics, has faced considerable domestic pressure not to join. Along with four other countries—...

  • *EU regulators back GSK's Mosquirix for babies in Africa. LONDON, July 24- The world's first malaria vaccine got a green light on Friday from European drugs regulators who recommended it as safe and effective to use in babies in Africa at risk of the mosquito-borne disease. Mosquirix, also known as RTS, S and part-funded by the Bill& Melinda Gates Foundation, will now...

  • They think of him as Kenyan-American, "said EJ Hogendoorn, deputy program director for Africa at the International Crisis Group. Obama's link to Kenya is a father he barely knew, but whose influence can nonetheless be seen in his son's presidency. A White House initiative to support young men of color who face similar circumstances has become a project dear to...

  • LONDON, July 24- The world's first malaria vaccine got a green light on Friday from European drugs regulators who recommended it should be licensed for use in babies in Africa at risk of the mosquito-borne disease. Recommendations for a drug licence made by the European Medicines Agency are normally endorsed by the European Commission within a couple of...