Middle Eastern sovereign-wealth funds have a lot of money to invest. More of it is set to go to Chinese businesses.The increasing economic links between China and the Middle East show the challenges that will face the U.S. as it navigates the region. fayez nureldine/Agence France-Presse/Getty Images
Tesco said Gerry Murphy has been appointed chairman and will join the board on September 1, replacing Byron Grote who will take up his previous role as senior independent director.