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Highlights: November 24, 2014 - November 29, 2014

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Staff writer ▼ | December 1, 2014
Highlights of the week
WEEK AT A GLANCE  

The summary of the last week's key headlines and the most interesting stories.

Nigeria, West African countries to invest $250 billion in power
Monday November 24, 2014 6:38AM
Nigeria electricityNigeria and 15 other countries in the West African sub region are set to invest over $250 billion to boost the development of West Power Pool....
Volkswagen to invest EUR 85.6 billion in new technology
Monday November 24, 2014 4:05PM
VolkswagenThe Volkswagen Group will invest a total of EUR 85.6 billion in new models, innovative technologies and its global presence in its Automotive Division over the coming five years....
China, Pakistan ink $45 billion infrastructure deal
Tuesday November 25, 2014 4:58AM
Pakistan energyChina has signed an agreement to build $45.6 billion worth of infrastructure and energy projects in Pakistan over the next six years....
India has an opportunity to build a $10 trillion economy
Tuesday November 25, 2014 5:18AM
India workersPwC's report "Future of India - The Winning Leap" revealed the winning solutions required to lead India to unprecedented economic growth coupled with radical improvements in the Human Development Index (HDI) over the next two decades....
CMA CGM Group Q3 revenue amounted to $4.4 billion
Tuesday November 25, 2014 5:58AM
CMA CGMCMA CGM Group announced its results for the third quarter of 2014. Consolidated revenue amounted to $4.4 billion, this is a 6.4% increase compared with the 3rd quarter of 2013....
Russia loses $140bn with sanctions and falling oil prices
Tuesday November 25, 2014 7:38AM
Anton SiluanovRussia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov....
French Polynesia to demand $1 billion from Paris over tests
Wednesday November 26, 2014 2:32AM
French PolynesiaFrench Polynesia, an overseas territory governed by France, is to ask Paris for nearly $1 billion in compensation for damage caused by nuclear weapons tests carried out by France in the South Pacific between 1966 and 1996....
SABMiller, The Coca-Cola Company and Coca-Cola Sabco to form Coca-Cola Beverages Africa
Thursday November 27, 2014 6:38AM
Coca-Cola AfricaThe Coca-Cola Company, SABMiller plc, and Gutsche Family Investments (GFI, majority shareholders in Coca-Cola Sabco) have agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa....
European Parliament votes for Google breakup
Thursday November 27, 2014 9:33AM
GoogleThe European Parliament has voted to break up Google and weaken its dominance across the region. Google controls about 90% of searches in Europe, and Europeans are concerned about its power....
CNR net revenue down 71.5%
Friday November 28, 2014 3:38AM
CNRChina Metro-Rural Holdings (CNR) announced its unaudited consolidated financial results for the six months ended September 30, 2014....
Lukoil profit hit by oil prices, weak rouble
Friday November 28, 2014 6:18AM
LukoilLukoil announced that profits had more than halved in the third quarter due to low oil prices and a weak rouble....
Ryanair to buy 200 Boeing aircraft for $22 billion
Friday November 28, 2014 6:25AM
RyanairRyanair announced that its order to purchase up to 200 Boeing "gamechanger" 737 MAX aircraft (100 firm & 100 options) has been approved by 99.93% of shareholders who voted at its EGM in Dublin....
Gulf construction projects at $72 billion
Saturday November 29, 2014 6:38AM
GCC constructionConstruction projects in the Gulf Cooperation Countries (Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar) will amount to a combined $72 billion by the end of this year....


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