China will conduct talks on an investment pact with the European Union at its own pace, raising doubts about whether a deal can be sealed by year-end. China’s Foreign Ministry said, on Friday, that negotiations for the EU-China Comprehensive Agreement on Investment, which would grant European companies greater access to the Chinese market, have gone on for six years. An EU official said earlier that a deal was close, following a push from Germany, which holds the EU presidency until the end of the year and is the biggest European exporter to China. But the latest comments by the Chinese government suggest otherwise. China will “conduct talks at its own pace on the premise of safeguarding its security and developmental interests’’, foreign ministry spokesman, Wang Wenbin, told a news briefi...
Veteran Brazil international striker Robinho on Thursday had a nine-year sentence for the rape of a young woman upheld by a court in Italy. Judges of the Milan Court of Appeal confirmed the sentence for both Robinho and one of his friends for group sexual violence dating back to January 2013. Robinho was playing for AC Milan at the time of the attack and was tried in absentia in November 2017. The pair were among a group of six men accused of taking part in the gang rape of a 22-year-old Albanian woman in a Milan nightclub. They were both ordered to jointly pay the woman damages of 60,000 euros ($ 73,000). The case against the four other accused has been suspended. Robinho, 36, who has denied the charges, has the right to again appeal the sentence within 90 days. Robinho was forced to pull...
Aruna Quadri returned to winning ways with TTC RhönSprudel Fulda-Maberzell (TTC) in the Table Tennis Bundesliga as the Nigerian was instrumental to his team’s 3-1 win over TTC OE Bad Homburg at the weekend. Quadri who featured in two of the ITTF Restart Tournaments in China last week was in fine form in TTC’s third home win as the team climbed to ninth position in the 12-team league in Germany. With the match played behind closed doors, it was German international Ruwen Filus who started the day for TTC against Lev Katsman that after taking a 2-0 Filus fell behind to allow the visitor to draw 2-2. But Filus played on his experience, to get a decisive set 11: 6 and brought TTC in front with a 3-2 (11-6, 11-9, 9-11, 9-11, 11-6) win. Fan Bo Meng failed to extend the lead in the duel against R...
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...