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.
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...
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