Xi Jinping’s confidant Li Qiang China’s new Premier
BEIJING: China’s Parliament on Saturday confirmed President Xi Jinping’s trusted ally Li Qiang as the new Premier to revive the world’s second-largest economy hit by three years of ‘zero-Covid’ restrictions and worsening ties with the West. Li Qiang, 63, succeeds Li Keqiang, 67, who held the post for 10 years. The annual session of the […]
Adani group seeks to sell stake in Ambuja Cements for $450 million
NEW DELHI: Gautam Adani is seeking to sell a stake in Ambuja Cements for about $450 million, the Financial Times reported on Friday, citing people familiar with the matter. Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the […]