The News Review:
- IFFC signs MoU with Senegal Government
- Mauritania hunts killers of four French tourists
- Taiwan braces for Malawi-Beijing meet
- The Telegraph – Calcutta (Kolkata) | Business | Business Briefs
IFFC signs MoU with Senegal Government
Hindu – Dec 25, 2007
NEW DELHI: The Indian Farmers Fertilizer Cooperative (IFFC) has signed a memorandum of understanding (MoU) with the Senegal Government for reviving the 6. 6 lakh tonne capacity phosphoric acid plant belonging to the Industries Chimiques de Senegal (ICS). IFFC will invest $100 million over the next three years to raise the production to the optimum level. Under the MoU IFFC will invest $100 million in the next three years for increasing the production to the optimum level of efficiency at about six lakh tonnes. IFFC will also provide a loan of $10 million to the company repayable on priority.
Mauritania hunts killers of four French tourists
International Herald Tribune – Dec 25, 2007
Authorities initially said robbery appeared to be the motive behind Monday's shooting at Aleg 250 km (160 miles) southeast of the capital Nouakchott in which turbanned gunmen armed with automatic rifles killed three members of a family and a friend. A fifth member of the French group was injured and survived Police had not ruled out the possibility the attack was the work of Islamic militants seeking to carry out a high-profile strike on Europeans at Christmas 12 days before the January start of the Lisbon-Dakar rally that will cross Mauritania. The head of the French family attacked a man in his seventies was shot in the leg and was taken to neighbouring Senegal for treatment. His two adult sons his brother and a family friend were killed. Today in Africa & Middle East.
Taiwan braces for Malawi-Beijing meet
China Post – Dec 25, 2007
Further the report comes amidst a recent diplomatic faux pas by the Presidential ffice when the Malawi Ambassador was forced to take off his jacket during a security check before attending an event hosted by President Chen Shui-bian. Taiwan?s allies have dwindled in recent years while the government has launched an all-out campaign to increase the island?s international network. Since President Chen Shui-bian took office in May 2000 Macedonia Liberia The Commonwealth of Dominica Vanuatu Grenada Senegal Chad the Caribbean island of Saint Lucia and Costa Rica have severed relations with Taiwan. The Central American nation of Costa Rica had maintained diplomatic ties with Taiwan for 63 years. In related news newly-appointed Nauruan President Marcus Stephen reaffirmed his support for the Taiwan government in a written statement released that afternoon. The announcement came ahead of scheduled discussions with President Chen. ?Although my government has been in power for less than a week one of my first priorities is to reinforce Nauru?s total commitment to our relationship with Taiwan? Stephen said in the media release.
The Telegraph – Calcutta (Kolkata) | Business | Business Briefs
Calcutta Telegraph – Dec 25, 2007
The government also gave its approval to Middlebrough ils of the UK to invest Rs 200 crore to set up a subsidiary to undertake extraction of crude jatropha oil from jatropha seeds. Iffco move New Delhi Dec. 24: The Indian Farmers Fertiliser Cooperative (Iffco) will invest $100 million in the next three years to revive a phosphoric acid plant in Senegal. DEPB scheme New Delhi Dec. 24: In a meeting with commerce minister Kamal Nath exporters have demanded extension of the Duty Entitlement Pass Book (DEPB) scheme till 2010 and asked for service tax exemption on more items. DCM Shriram Mumbai Dec. 24: HB Stockholdings has increased its stake in DCM Shriram Industries to 21.