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    Spotlight | Saudi Arabia
    PwC struggles in Saudi defence after blacklisting by PIF wealth fund

    Saudi Crown Prince Mohammed bin Salman speaks during a meeting to launch Public Investment Fund strategy 2021-2025, in Riyadh, Saudi Arabia, 24 January 2021
    Saudi Crown Prince Mohammed bin Salman speaks during a meeting to launch Public Investment Fund strategy 2021-2025, in Riyadh, Saudi Arabia, 24 January 2021 © Saudi Press Agency/Handout via Reuters

    The Saudi defence business of PwC, which has been excluded from consulting contracts with the kingdom's sovereign wealth fund till next February, has come to a standstill. Investigations are ongoing into at least one of the British firm's contracts with the fund.

    LogoSubscribers only Corporate Intel

    China, European Union
    Beijing revives dialogue with Europe via unprecedented internal compromise

    The President of the European Commission, Ursula von der Leyen, and the President of the European Council, António Costa, will meet Chinese President Xi Jinping in Beijing on 24 July.
    The President of the European Commission, Ursula von der Leyen, and the President of the European Council, António Costa, will meet Chinese President Xi Jinping in Beijing on 24 July. © Dumitru Doru/EPA/MaxPPP

    The Chinese president is due to meet senior European representatives this week in Beijing. This is a sign of Beijing's wish to preserve relations with Brussels as the question of Xi Jinping's succession is becoming a key issue in internal debates.

    LogoSubscribers only Back-door diplomacy

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