Chinese Foreign Minister Wang Yi has hit back against claims that China is increasing the debt burden of African countries. Wang dismissed the allegation as false at a press conference Sunday in Luanda, Angola, as reported by China’s state-run news agency Xinhua. China’s financing is a response to African countries’ own requirements for development and […]
Read moreBritain scrambled two Royal Air Force Typhoon jets on Monday from Scotland to intercept Russian planes near the United Kingdom’s airspace, a defense ministry spokesman said. The Typhoons were scrambled from RAF Lossiemouth in Moray, Scotland. “This is a live operation and therefore we will not be providing any additional information until the mission is […]
Read moreLego has teamed up with Chinese internet giant Tencent to create branded video games and potentially a new social network aimed at children, the two companies announced Monday. Tencent is one of Asia’s most valuable companies and is a massive player in mobile gaming and online video streaming. Lego has struggled in recent times and […]
Read moreSouth Korea will make a decision on a proposed ban on cryptocurrency exchanges after “sufficient consultation and coordination of opinions,” the government said Monday. Last week, South Korean Justice Minister Park Sang-ki said the government was preparing a bill to ban trading via cryptocurrency exchanges. Two of the country’s largest crypto exchanges, Coinone and Bithumb, […]
Read moreApple was the only foreign brand to have a smartphone model in the top 10 best-selling handsets in China in 2017. The iPhone 7 Plus managed 2.8 percent of all sales in the world’s largest smartphone market, according to data from Counterpoint Research released Monday. Apple’s large-screen device trailed the Oppo R9s which gained 3 […]
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Germany needs new political blood as Merkel is unlikely to finish fourth term, analyst says
Germany may be a step closer to forming a new government, but there are doubts that Chancellor Angela Merkel will be its leader for the full mandate, a political analyst told CNBC on Monday. Following failed coalition talks between Merkel’s German Christian Democrats (CDU), the Greens and the Free Democratic Party (FDP), the CDU and […]
Read moreAll eyes will be on President Donald Trump at the World Economic Forum (WEF) in Davos, Switzerland, this month with analysts predicting he will use the meeting as a chance to show off his economic and policy successes so far in office. Trump’s attendance at the 2018 Forum, announced in early January, raised eyebrows at […]
Read moreA mezzanine floor overlooking the main lobby of the Indonesia Stock Exchange building collapsed on Monday, injuring at least a dozen people under a shower of glass and other debris, an exchange employee and witnesses said. The building is part of a two-tower complex which was the target of a suicide bombing by Islamist militants […]
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UK construction giant Carillion collapses after lenders refuse further financial support
British construction and services company Carillion collapsed on Monday when its lenders refused to provide any further financial support, forcing it to enter compulsory liquidation. The company, which employs 43,000 people including 20,000 in Britain, provides services in defense, education, health and transport. It said the government would provide the necessary funding to maintain the […]
Read moreChinese smartphone maker Xiaomi has picked Citic Securities, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, IFR reported. The initial public offering could be the world’s biggest tech float this year — valuing the company at up to $100 billion – and is expected to come in the second half of […]
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