Nearly a year since Chinese authorities brought the Ant Group’s initial public offering, or IPO, to a halt, the domestic tech industry is still reeling from a relentless crackdown that has since broadened to include other sectors of the economy. In its latest reshuffling, the Alibaba Group replaced its chief financial officer and reorganized its sales team. The decision is part of the tech giant’s continuing restructuring efforts to make the company “more agile” by devolving power to the leaders of each business line. Elsewhere, ride-hailing giant Didi announced its plan to back out of the New York Stock Exchange and aim for a [...]
The eighth edition of the triennial Forum on China-Africa Cooperation, or FOCAC, took place this week in Dakar, Senegal, marking the first time the meeting was held in West Africa. The conference, which took place days after the release of a Chinese government white paper detailing a new era of cooperation with African countries, saw major announcements on COVID-19 vaccines, Special Drawing Rights allocations and climate cooperation. While those areas of cooperation portend to be the cornerstone of engagement between China and Africa, growing debates are emerging on the continent and elsewhere about the imbalanced nature of the relationship. FOCAC [...]
By the late 1990s, an HIV diagnosis was no longer considered a death sentence in the wealthy countries of the Global North. Advances in medical technology had brought new drugs onto the market that could reverse the disease’s progression. However, those life-saving drugs were priced out of the reach of most patients across the Global South, where millions of people continued to die unnecessarily. There are echoes now of that earlier era, as those same regions are largely going without COVID-19 vaccines—even as wealthier countries move on to administer booster shots for their populations. In response to the disparity in [...]
