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Chinese developer Fantasia can’t pay its debts

A Chinese developer of luxury apartments missed $315 million in payments to lenders on Monday, sparking fears that financial strains in the country’s outsized property sector are spreading beyond the troubled Evergrande conglomerate. Fantasia Holdings, a Shenzhen-based developer, missed repaying $206 million worth of bonds that matured Monday, the company said in a stock exchange […]

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Windows 11 launches with redesigned start menu

Windows 11, the latest version of Microsoft’s computer operating system, launches worldwide on Tuesday as a free upgrade for Windows 10 users. Windows chief product officer Panos Panay, told the BBC the latest version was built to be “clean and fresh and simpler” for the user. He promised that the new operating system would not […]

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Facebook, Whatsapp and Instagram back after outage

Social media services Facebook, WhatsApp and Instagram are back up and running after an outage that lasted almost six hours, Facebook says. It blamed an internal technical issue, which not only affected Facebook’s services, but reportedly also employees’ work passes and email. The services were down from about 16:00 GMT until around 22:00 on Monday. […]

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How Dangote is driving African economy- DG ACCI

The Director General of the Abuja Chamber of Commerce and Industry (ACCI), Ms Victoria Akai, has described the Dangote Group as the Flagship and the epicenter for Africa’s industrialisation. Speaking on the sideline of the Abuja International Trade Fair that was declared opened Monday, the DG said the conglomerate has placed Nigeria on the continental […]

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US to have ‘frank’ discussions with China about trade

The top United States trade negotiator said China is failing to live up to its trade commitments from last year and that Washington would soon have “frank conversations” with Beijing. In a speech Monday in Washington, U.S. Trade Representative Katherine Tai said, “China made commitments intended to benefit certain American industries, including agriculture, that we […]