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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...The independent review was prompted by concerns about Teesworks last spring, in part due to an investigation by the Financial Times....
...Hong Kong’s stock market held on to its gains on Monday, making it Asia’s top-performing stock market after China’s financial regulator announced new measures to help the special administrative region’s...
...The company that owns Teesworks reported a tripling of profits the following financial year....
...Only in the 1950s did it embark on its policy of low corporation tax, luring many foreign companies, from which it benefits so much today....
...“It’s about getting stuff done,” he told the Financial Times. “It’s not about philosophy and posturing, it’s about getting delivery on the ground.”...
...Below is the Financial Times’ live-updating UK poll-of-polls, which combines voting intention surveys published by major British pollsters....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...The MPs said the watchdog’s probe should be extended to the development corporation and combined authority overseeing the scheme locally, both of which are chaired by Houchen....
...The Teesworks regeneration body chaired by Lord Ben Houchen has lost a High Court bid to block the region’s Brookfield-owned port, the UK’s fifth largest, from any access rights to its land....
...What regulator could be against safer banks at the heart of our financial system?...
...Economic indicators: Hong Kong publishes its fourth-quarter gross domestic product data as financial secretary Paul Chan delivers the Chinese territory’s annual budget to legislators....
...Hong Kong’s benchmark Hang Seng index led gains in the region, adding 2.3 per cent in early trading....
...It sits at the heart of the premise of a development corporation: cut through red tape in the name of delivery....
...Here to talk with me about it is the FT’s William Sandlund. Hi, William. William Sandlund Thanks for having me on....
...Deloitte and KPMG were among western corporations that in recent months asked staff to bring burner phones to Hong Kong....
...This is a classic “dull but v v v v important” issue that rarely gets the attention it should, because a lot of people understandably lose the will to live as soon as you start talking about financial plumbing...
...Others point to more recent devolution deals struck with big city regions that feature longer timescales and less meddling....
...Jason Ho, Asia leader at FTI Capital Advisors, which focuses on corporate finance and restructuring in the region, said many big state-backed banks had been involved in offshore lending, but one or two including...
...Erik Meijaard, a conservation scientist focused on the region, said he hoped “other investment funds and banks will follow this lead”....
...“I don’t think there will be protectionist barriers in the automation field,” he said, in a Financial Times interview. “[The automation industry] should be the last barrier set up....
...The White House was concerned that the economic impact of the port shutdown would “ripple out” beyond the Baltimore region, Buttigieg said, adding that he would convene with shipping companies on Thursday...
...The Teesworks Ltd vehicle’s most recent accounts show that its profits tripled to £53mn in the following financial year....
...Those gross figures conceal significant churn, and job losses will be more heavily concentrated in some regions....
...Hong Kong remains a special administrative region of China, with separate political systems and border restrictions in place....
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