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 […]
U.S. President-elect Donald Trump revealed on Monday that he and Chinese President Xi Jinping have been communicating through representatives, expressing optimism about their relationship once he takes office on January 20. In an interview with conservative talk show host Hugh Hewitt, Trump described Xi as a strong and powerful leader, highly respected in China, and […]
In a stark warning, President Xi Jinping on Monday addressed the growing issue of corruption within China’s Communist Party, calling it the “biggest threat” to the party’s survival. His comments were made during the opening of a three-day congress of the Central Commission for Discipline Inspection (CCDI), China’s top anti-graft body. Xi’s remarks reflect a […]
Abuja, Nigeria – Skintivity Skincare proudly announces the launch of Nigeria’s first-ever online Skin Analysis Tool, a groundbreaking innovation that uses cutting-edge AI technology to revolutionize skincare, especially in skin of colour. This free skin scanner is now available at www.skintivityskincare.com, empowering Nigerians and other people of colour to discover a personalized skincare routine tailored […]
