Brazil says it will cancel or restructure almost $900m (£600m) worth of debt owed by African countries, to boost economic ties with the continent.
Liam Thomas van den Heuvel's insight:
This was the article you wanted to be scooped miss, funnily enough I scooped an article alluding to Brazils buying out Africa's debt before however I didn't realise in this respect it's relevance until now...
Tesco's plans will be taken as a good sign of the liberalisation of India's retail laws allowing Foreigh owned companies to invest. Previously, it was compulsory for foreign supermarkets to source 30% of their products from small Indian firms. The government now allows foreign firms five years in which to reach that target, giving them the option of importing goods from overseas initially.