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Hong Kongs Li purchases Dutch waste company for 944 mil. euros
A group of Li's companies including Cheung Kong Infrastructure said Monday they were buying AVR-Afvalverwerking BV. Li's companies said they were buying the company because it represents a "compelling long-term investment opportunity for the consortium." Van Gansewinkel Groep, which is selling the company, said the deal would close in the third quarter of 2013. The deal still ...
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Portuguese teachers strike hits exams
The start of end-of-year exams in Portugal was disrupted on Monday as teachers went on strike . The education ministry says around a third of students sitting exams were affected, while teachers’ unions claimed 90% of their members had stopped work to protest at austerity measures slashing jobs and lengthening the working week. ';We’re very anxious. We don’t know when ...
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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