DRC: government should cancel most logging deals - report

The Democratic Republic of Congo (DRC) should cancel more than three quarters of its logging deals for not meeting necessary standards, a government-sponsored working group looking into the forestry sector said on Wednesday. The country, home to the world's second largest tropical forest, launched a World Bank-backed review of all timber contracts last week in an effort to recoup millions of dollars in lost taxes and clean up a business rife with corruption.