WSJ: U.S. Technology Companies Worry About the Backlash They Face in Europe

By Stephen Fidler:  Europe Pulls Welcome Mat for U.S. Tech Companies One message so far from the corridors around the World Economic Forum in Davos: U.S. technology companies are very worried about the backlash they are now facing in Europe. From their standpoint, Europe risks shooting itself in the foot by rejecting the cutting-edge technologies they have brought to the continent. But they would say that, wouldn’t they? Look at it from the European point of view. Europe once led the world in mobile technology: The Global System for Mobile…

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What Africa’s Billionaire Aliko Dangote told the World Economic Forum in Davos

Africa has many entrepreneurial people with the capacity to be successful in business, but access to financing for small and medium enterprises (SMEs) remains a major challenge. So said Nigerian-born Aliko Dangote, believed to be the continent’s richest man, today during a session titled ‘Africa’s Next Billion’, at the World Economic Forum in Davos, Switzerland. He explained that while Africa offers a large enough market for SMEs, borrowing costs are generally too high. “If you are going to borrow money at 20% and above, it might be very, very tough…

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