Alwaleed Bin Talal Invests $300 Million In Twitter

[ via Huffington Post ] 19 Dec

Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined $300 million into the microblogging site Twitter.

Alwaleed said Monday the joint investment with his Kingdom Holding Company represents an interest in investing "in promising, high-growth businesses with a global impact."

Alwaleed's KHC is a major shareholder in Citigroup and holds stakes in other large stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.

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India Suspends Plan to Let In Foreign Retailers

[ The New York Times ] 7 Dec

“Facing a harsh political backlash that has paralyzed the Indian Parliament, the governing Congress party buckled Wednesday,” closing the door on foreign companies like Wal-Mart, Jim Yardley writes in the New York Times Wednesday.

Foreign corporations eager to enter the Indian retail market must now also put aside any expansion plans for the foreseeable future.

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