StarTimes, UNAIDS plan mobile app deployment for HIV/AIDS awareness in Africa

UNAIDS

UNAIDS and StarTimes are in collaboration on increasing HIV/AIDS awareness among Africans young people with mobile online video application following a meeting in Beijing on Monday. The meeting which had the theme “Value of New Media in African HIV/AIDS Prevention Campaign”, had in attendance Gertrude Mutharika, the first lady of the Republic of Malawi, Michel […]

Rising prices of lithium, cobalt could slow rollout of electric cars

electric cars

Lithium and cobalt are critical components in batteries for electric cars. The rapid growth in the demand for rechargeable batteries has now driven up these raw material prices and given rise to concerns about potential cobalt and lithium scarcities that could slow the rollout of electric vehicles, say authors of an IMFblog post seen by […]

Asian investors brush off ongoing China-U.S. trade tiff as Shanghai’s blue-chip stocks climb 2.4%

Shanghai's blue-chip stocks, Blue Chips, Market

Investors in Asia largely brushed off the ongoing trade fight between China and the U.S., with Shanghai’s blue-chip stocks climbing 2.4 percent, a move supported by the tech and financial sectors, according to reports. According to Hussein Sayed, chief market strategist at FXTM, solid economic data and possible government intervention through monetary & fiscal policies […]

China’s Alibaba to battle Meituan in food delivery business

Alibaba

Leading ecommerce giant, Alibaba Group said it plans to merge its food delivery units and raise funds for the combined business, a move that aimed at intensifying battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market. Reuters reported that Alibaba units to be merged include food delivery platform Ele.me and food, […]

China warns of tariffs on imported US goods worth $60bn

China

China has revealed plans to impose retaliatory tariffs on US imports worth $60 billion (£46bn), firing the latest volley in the mounting trade dispute between the world’s two largest economies. Signaling the nation’s readiness to respond to the higher tariffs threatened by Donald Trump on $200bn of Chinese imports, officials in Beijing said countermeasures were […]

Japan, EU sign major trade deal to counter US-led protectionist drive

Japan and the EU signed a sweeping free trade deal Tuesday, saying they were sending a “clear message” against protectionism, as Washington puts up barriers and threatens a trade war. According to AFP report, the deal signed in Tokyo is the largest ever negotiated by the EU and creates a massive free trade zone, eliminating […]

Trade concerns with China threatens America’s stock market

China, Nigerian Stocks, NSEASI

Larry Fink, CEO of BlackRock Inc. the world’s largest asset management firm, has joined other high profile investors expressing caution on trade concerns with China that could potentially hurt America’s stock market. According to Fink, the trade wars pose a looming threat for Wall Street, despite a recent run up in US equity benchmarks. Fink […]

China hunts new grounds in Africa, South America for steel exports

Chinese steelmakers are hunting new export destinations in Africa and South America as shipments to their biggest overseas buyers in Southeast Asia fall by double digits, with new U.S. trade actions threatening to kill off some markets entirely. The world’s largest maker, consumer, and exporter of steel is finding it has fewer export options. The […]