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Why some of America's biggest brands are losing ground in China

Nike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.

We haven't written up this one. CNBC has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery

Nigeria’s Dangote Group has offered a 30% stake in a planned refinery in Kenya to East African nations, a senior economic adviser to Kenya’s President William Ruto said.

  • East African nations offered 30% stake in Kenya's $17 billion refinery.
  • Refinery to process up to 700,000 barrels per day, exceeding region's demand by 250,000 bpd.
  • Kenya's stake valued at $500 million, total regional stake could reach $1.5 billion.

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