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International investing

No chicken, no cafes: Egyptians scrimp as prices leap

CAIRO (AP) — Money had already been tight as food and electricity bills climbed for weeks. So Ashraf Mahrous, a 45-year-old civil servant, warned his wife, “Black days are ahead,” when Egypt floated its pound and hiked fuel prices this month. Mahrous is now looking for a side job. Rising …

Cambodia’s zeal for rubber drives ethnic group from land

BOUSRA, Cambodia (AP) — For generations, the indigenous Bunong were famous as the great elephant keepers and masters of the forests in eastern Cambodia. They called the fertile, rolling hills of their ancestral homeland “meh ne,” or mother — a source of food, livelihoods and self-identity. From its rich red …

Stakes are high for Cuba foreign investment law

HAVANA (AP) — Cuban authorities are on the verge of enacting a new foreign investment law considered one of the most vital building blocks of President Raul Castro’s effort to reform the country’s struggling economy. The law is seen as so important that an extraordinary session of parliament has been …

Airlines bet on India market despite losses

MUMBAI, India (AP) — India has become a hot ticket for international carriers since opening its airline industry to foreign investors last year. But the potential of a giant market where only a sliver of the population travel by plane also comes with a catch: airlines in India are vastly …

Rich Chinese look abroad to preserve wealth

BEIJING (AP) — China’s richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said Tuesday. The report by China Merchants Bank and the consulting firm Bain & Co. in …