Washington, D.C. — U.S. President Donald Trump has reiterated his administration’s commitment to imposing tariffs on nations with high trade barriers, specifically naming India, China, and Brazil as countries whose policies he claims “harm” America. Speaking to House Republicans at a retreat in Florida on Monday, Trump emphasized that his administration’s strategy aims to boost […]
Asian markets started the week on a cautious note Monday as escalating trade tensions and concerns over artificial intelligence (AI) competition weighed on investor sentiment. Trade Tensions with Colombia Spark ConcernsMarket jitters were fueled by former U.S. President Donald Trump’s decision to impose a 25% tariff on Colombian imports, with the rate set to rise […]
Hong Kong/South Africa – Misinformation is spreading online claiming that Human Metapneumovirus (HMPV) cases are causing widespread school closures in China. These claims are currently unsubstantiated. HMPV is a common respiratory virus that can cause cold-like symptoms, such as fever, cough, and runny nose. While it can sometimes lead to more severe illness, particularly in […]
Shanghai, China – January 23, 2025 – A significant number of American businesses operating in China are expressing growing anxiety about the future of US-China relations, according to a recent survey. The annual report by the American Chamber of Commerce in China (AmCham China) revealed that over 51% of respondents expressed concerns about a further […]
Bankable Wisdom, a leading pan-African online learning platform, has been selected as a recipient of the Mastercard Foundation’s Fund for Alumni Start-ups in Transition (FAST) Program. This prestigious grant provides from $5000 to $15,000 in support, empowering Bankable Wisdom to further its mission of equipping African youth with high-demand tech skills and bridging the employment […]
Global markets suffered losses on Monday following a strong US jobs report, which dented hopes for further Federal Reserve interest rate cuts. Oil prices also surged, driven by new sanctions targeting Russia’s energy sector. Equity Markets Dip Across Regions Asian and European markets mirrored heavy losses on Wall Street, where major indices dropped more than […]
Hong Kong-listed property developer Sunac China (1918.HK) faces a liquidation petition filed by a unit of China Cinda Asset Management (1359.HK), according to the Hong Kong judiciary’s website. The hearing for the petition is scheduled for March 19, 2025. Key Developments Background Sunac was among the top property developers in China before the 2021 debt […]
A powerful earthquake struck China’s remote Tibet region on Tuesday, killing at least 95 people and causing extensive damage to buildings. The 6.8-magnitude quake, with some sources reporting it as 7.1, hit rural Tingri county, located about 80 kilometers north of Mount Everest, at around 9:00 AM local time. The tremors were also felt in […]
The China Development Bank (CDB) has granted a €245 million ($254.76 million) loan to support the ongoing Kano-Kaduna railway project in Nigeria, ensuring the seamless continuation of construction. This announcement, made by the CDB on Tuesday, underlines its commitment to the successful progression of the project. The railway, a 203-kilometer standard-gauge line, will connect Kano, […]
Asian Markets Rise Amid Wall Street Tech SurgeAsian markets experienced a mixed performance on Tuesday, with most regions recording gains following a tech-driven rally on Wall Street. The rally, spurred by semiconductor giant Nvidia’s record-breaking performance and robust earnings from Taiwan-based chipmaker Foxconn, bolstered investor confidence. Tokyo’s Nikkei 225 surged 2%, benefiting from a weakened […]
