NEWSWORTHY

China's Xi says funds for Africa not for 'vanity projects'

/ Sep 3, 2018

China's Xi says funds for Africa not for 'vanity projects'

Chinese President Xi Jinping said Monday that Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove bottlenecks in the continent's development. Speaking at a business forum ahead of the start of a once-every-three-years China-Africa summit, Xi said: ...

Nippon Life to stop financing coal-fired power

Jul 24, 2018

Nippon Life to stop financing coal-fired power

by Taiga Uranaka

Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor. Japanese banks in recent months have ...