China doubles loans to Africa, now $20 billion, and agrees to operate responsibly

China said Thursday it would offer $20 billion in new loans to Africa, underscoring the relationship’s growing importance, as Chinese companies agreed to operate more responsibly on the resource-rich continent. Beijing has poured money into Africa over the last 15 years, seeking to tap into its vast natural resources, and China became the continent’s largest …

Forget the BRICs it’s the CIVETS now – the new developing world

The past decade was all about the BRICs, the massive economies of Brazil, Russia, India and China, which kicked off at the beginning of the new century, boomed and are now slowing like the rest of the developed world. Taking their place is a new group of fast-rising economies promising businesses outsized returns. The next …