China
WSJ: China’s Ant Group plans revamp amid regulator pressure
China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...
Adventure travel books 2021: our top 10 picks
We share the best adventure travel books 2021 and explain why each should be on your reading list From a cross-country road trip in a hostile America to boundless sand dunes in remote China, our crop of adventure travel books 2021 have one thing in common: their journeys are more than just physical. There are tales of derring-do, but beyond the sparkly appeal of adventure are stories of recovery, rebirth and the healing power of nature. In Nepal, one man re-attempts Everest after a lethal earthquake. In the UK, another walks back from the brink of suicide while, in the US, a woman emerges from a three-year battle with leukaemia. Ultimately, these are tales of not just exploration and adventure but of courage, curiosity, resilience and hope. Adventure travel books 20...
U.S. Senate confirms Joe Biden nominee Lloyd Austin as defense secretary
The U.S. Senate on Friday confirmed President Joe Biden’s nominee, retired Army General Lloyd Austin, to serve as Secretary of Defense – the first Black American in the role. The vote was an overwhelming 90-2 in the 100-member chamber, far more than the simple majority needed. Lawmakers from both parties said they were pleased that Austin would be installed to lead the Pentagon just two days after Biden was sworn in as president on Wednesday. Senator Jack Reed, the incoming Democratic chairman of the Senate Armed Services Committee, noted the wide range of challenges facing the country – including the coronavirus pandemic and competition with China and Russia. “General Austin is an exceptionally qualified leader with a long and distinguished career in the U.S. military,” Reed said before t...
China to sanction U.S. officials for ‘nasty’ behaviour over Taiwan
China’s foreign ministry said on Monday it had decided to impose sanctions on U.S. officials who have engaged in “nasty” behaviour over Taiwan, which China claims as its own territory. Ministry spokeswoman Hua Chunying made the comment in response to a question about U.S. Secretary of State Mike Pompeo’s decision this month to lift restrictions on contacts between U.S. officials and their Taiwanese counterparts. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
U.S. imposes fresh sanctions on Iran in final days of Donald Trump presidency
The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation. They are the latest in a series of measures aimed at stepping up pressure on Tehran in the waning days of President Donald Trump’s administration, which ends on Jan. 20. U.S. Secretary of State Mike Pompeo said Washington had sanctioned seven companies, including Chinese-based Jiangyin Mascot Special Steel Co. and UAE-based Accenture Building Materials, and two people for shipping steel to or from Iran. He said Iran’s Marine Industries Organization, Aerospace Industries Organization and the Iran Aviation Industries Organization had also been blacklisted over conven...
Coronavirus takes toll on federal roads’ construction in Lagos
The ravaging effect of Coronavirus (COVID-19) was, perhaps, the biggest challenge faced by stakeholders in the road sub sector of the construction industry in 2020. As the virus gained ground, several contractors soon abandoned work and shut their operations, consequently, many hitherto gainfully employed Nigerians were thrown into the labour market. Even when the government later introduced partial lockdown measures, the number of workers on site was scaled down by many contractors in line with COVID-19 protocols, which slowed down progress of work. Virtually all road projects in Lagos State suffered the effect of the pandemic, with every project having its own peculiar challenge. The reconstruction of 46km Agbara-Seme section of the Lagos-Badagry Expressway project awarded to CGC Nigeria...
China possibly committed ‘genocide’ against Xinjiang Muslims
The Congressional-Executive Commission on China (CECC) said on Thursday that new evidence had emerged in the past year that “crimes against humanity – and possibly genocide – are occurring”. The CECC also accused China of harassing Uighurs in the US. China has been widely condemned for setting up complexes in Xinjiang that it describes as “vocational training centres” to stamp out “extremism” and give people new skills, but others have called them concentration camps. The United Nations says at least one million Uighurs and other Muslims have been detained in Xinjiang. Faith leaders, activist groups and others have said crimes against humanity, including genocide, are taking place there. Beijing denies abuse accusations. The CECC report called for a formal US “determination on whether atro...
WHO: 90 million confirmed coronavirus cases worldwide
The number of COVID-19 cases worldwide has surpassed 90 million, reaching 90,054,813 as of Wednesday, according to the latest numbers from the World Health Organisation (WHO) Globally, as of 9:47 am CET (0847 GMT) on Wednesday, there have been 90,054,813 confirmed cases of COVID-19, including 1,945,610 deaths, reported to WHO. The U.S. has remained at the top in both infection cases and fatalities, with 22,428,591 confirmed cases and 373,329 deaths reported to WHO. It’s followed by India with 10,495,147 cases and 151,529 deaths, and then Brazil, with 8,131,612 cases and 203,580 deaths. Also severely affected were Russia with 3,448,203 cases, Britain with 3,118,522 cases, France with 2,740,656 cases, Italy with 2,289,021 cases, and Spain with 2,111,782 cases. On the list of death tolls afte...
Telegraph: Britain to tighten laws on imports linked to alleged Chinese human rights abuses
Britain will tighten the law on importing goods linked to alleged human rights abuses in China as ministers take a tougher stance on Beijing, The Telegraph reported on Monday. Foreign Secretary Dominic Raab will make a statement on Tuesday in the House of Commons on the government’s response to allegations of forced labour in China’s Xinjiang province, home to about 12 million Uighur Muslims, the report bit.ly/2LKt2Fe added. Among the measures expected to be unveiled by the government include expansion of the Modern Slavery Act, reacting to concerns that items manufactured under duress by the Uighur Muslim minority may be entering the UK, the Telegraph reported. Britain said last year there was credible, growing and troubling evidence of forced labour among Uighur Muslims. China has come u...
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Minister: Nigeria expecting vaccine from China
The Federal Government has opened talks with the Peoples Republic of China to have access to COVID-19 vaccines for the citizens, Minister of Foreign Affairs, Geoffrey Onyeama, said on Tuesday. This is as both countries signed a Memorandum of Understanding (MoU) on establishment of inter-governmental committee to coordinate aspects of cooperation between both countries. The MOU was signed by Onyeama and the Chinese State Councillor and Minister of Foreign Affairs Minister Wang Yi in Abuja on Tuesday. The Chinese Foreign Minister is on a two-day working visit to Abuja. Briefing reporters after their bilateral meeting, Onyeama said at this point when countries were discovering vaccines and China being one of them, Nigeria was engaging the country in the area of access to the vaccine. “We have...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...
