Wal-Mart to focus on food safety in China: Asia chief

A customer shops at a Wal-Mart store in BeijingBy Matthew Miller BEIJING (Reuters) – Wal-Mart Stores Inc is focusing on food safety as the world's largest retailer aims to boost profitability of its more than 400 stores in China, Wal-Mart Asia chief executive Scott Price told Reuters. Food safety is a highly emotive issue in China where there have been numerous scandals from photos of food oil being scooped from drains to tales of phoney eggs and melamine-tainted milk powder. …

Go to Source

U.S. eyes China partnership on Africa power – sources

U.S. President Obama speaks at the Summit of the Washington Fellowship for Young African Leaders in WashingtonBy Joe Brock JOHANNESBURG (Reuters) – The United States is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when President Barack Obama visits Beijing next week, two sources involved told Reuters. The proposal could include $5-$7 billion of commitments to improve electricity generation and transmission in several African countries, one source involved in the initiative said. …

Go to Source

1 40 41 42 43 44 55