xi jinping is traveling through africa and he s bought china s checkbook with him he has a little something for each country he visits on tuesday it was south africa s turn where she promised fifteen billion dollars in investments many companies are hoping they ll get a piece of the pie and that s boosting investor confidence. south african president so real ramaphosa has also been currying favor with investors since his swearing in in february. including china s pledge he secured thirty five billion dollars altogether. the bric summit is ramaphosa his first appearance on the international stage he s joined by the leaders of china russia india and brazil in johannesburg at a time of international upheaval after all we present forty one percent of the world population twenty two percent of g.d.p. eighteen percent of trade at this point in time i think the international border is
mattis reporting from a war now world trade is also on top of the agenda at a high level meeting in johannesburg today i haven t been invited and neither it appears has to get help else as i have but i can tell you what it s all about it s leaders of the five brics nations that brazil this position russia india china and south africa they re gathering in the south african city today for their annual summit as donald trump s continuous assaults on free trade are giving the loose bloc a fresh impetus the leader of the biggest brics economy is also using the run up to the summit to further its own trade agenda on the continent. the chinese president xi jinping is traveling through africa and he s bought china s checkbook with him he has a little something for each country he visits on tuesday it was south africa s turn where she promised fifteen billion dollars in investments many companies are hoping they ll get a piece of the pie and that s boosting investor confidence. south african
announcement heinrich he zinga said he would be stepping down as c.e.o. he s been embroiled in a dispute with the supervisory board over the company s future direction a major shareholder and a u.s. hedge fund are pressing for an overhaul with a view to boosting shareholder value the tata merger alone is expected to result in four thousand job cuts and save hundreds of millions of euros a year. the merged entity will employ forty eight thousand workers in countries including germany the netherlands and the u.k. with expected annual revenues of fifteen billion euros. turkey statistics office says inflation narrows sharply in june topping fifteen percent after the country s presidential and parliamentary elections the data also showed consumer prices have increased by over two and a half percent since may sending the country s currency the leader a tumbling it s thought the central bank could soon feel forced to raise interest
operations regulatory approvals still to come along with job cuts. the joint venture comes in response to the problem of overcapacity on the global steel market as the new firm which will be known as to some crap tata steel will become europe s second night just steelmaking or. if this is really the key issue to move successfully for the. global existed visited had also cost tremendous additional imports into europe imports into your about an all time high level which if decently increased the price pressure on that material. to tie up is expected to result in about four thousand job cuts and savings of hundreds of millions of euros each year the marriage family employs some forty eight thousand workers in countries including germany the netherlands and the u.k. and it s expected to generate an annual revenue of around fifteen billion euros.
in about four thousand job cuts and savings of hundreds of millions of euros each year the marriage firm will employ some forty eight thousand workers in countries including germany the netherlands and the u.k. and it s expected to generate an annual revenue of around fifteen billion euro as. you just saw ahead of a he s ing at the c.e.o. or to sit in that report and we can speak to him now he joins us from brussels welcome to the program let me first ask you why this move now. i think it s about now you probably will come back to the pond did took us roughly two years to go forward what is the root cause here we have a structure over capacity for steel in europe and as a consequence out of that the utilization rates for all the steel companies were not high enough to really change rate attractive returns going forward and for our employees they were forced into restructuring programs each and every three to four