It’s crunch time for China’s heavily-indebted Evergrande Group. The sprawling Chinese real estate conglomerate faces a critical test on Thursday: can it meet its obligations to bondholders, or will it slip closer to default? Evergrande is due to pay $83.5 million worth of interest on a dollar-denominated bond, according to data from Refinitiv. […]
The US Food and Drug Administration on Wednesday authorized a booster dose of the Pfizer Inc and BioNTech Covid-19 vaccine for those aged 65 and older and some high-risk Americans, paving the way for a quick rollout of the shots. The booster dose is to be administered at least six months after completion […]
The United Nations Economic Commission for Africa (UNECA) has said the ongoing West Africa Business Forum is to support women and youth entrepreneurs grow and sustain their businesses. Mrs Ngone Diop, Sub-Regional Director, West Africa Office, UNECA said this in an interview with the News Agency of Nigeria (NAN) at the forum in […]
London Fashion Week closed with a flourish Tuesday, the first major return to live runway shows in the British capital in 18 months following the coronavirus pandemic. Here are five points that stood out from the London spring/summer 2022 collections: Back to normal… sort of February’s edition was held online and a few […]
Facebook on Tuesday fired back after a series of withering Wall Street Journal reports that the company failed to keep users safe, with the social media giant noting an increase in staff and spending on battling abuses. The company has been under relentless pressure to guard against being a platform where misinformation and […]
Chief Valentine Okorie, Chief Operating Officer, Mimshac Transportation Technologies, says the firm will roll out its first set of commercial vehicles in the first quarter of 2022. Okorie made the disclosure at an interactive session with newsmen in the premises of the car assembly plant in Ikot Ukap Itam, Itu Local Government Area, […]
China’s Evergrande Group will pay interest due Thursday on one of its bonds, but it’s keeping rattled investors guessing about the fate of second, bigger payment due this week. The troubled Chinese real estate conglomerate said Wednesday in a filing with the Shenzhen Stock Exchange that issues regarding a payment on a domestic […]
Two members of the U.S. Congress instrumental in the passage of anti-hate crime legislation this year are pressing the Department of Justice to step up enforcement of the measure, warning that reinstatement of pandemic-related restrictions is likely to provoke more attacks — particularly on Asian Americans. The new law seeks to accelerate the […]
Ms Catriona Laing, UK High Commissioner to Nigeria, says new Country Director of its UK-Nigeria Tech Hub, Ms Adaeze Sokan will bring her experiences to bear on the job. The British high commissioner made this known in a statement in Lagos on Tuesday. The new country director was introduced to guests on Monday. Laing said: […]