Global  

China is promising to write off some loans to Africa. It may just be a drop in the ocean

WorldNews Friday, 19 June 2020 ()
China is promising to write off some loans to Africa. It may just be a drop in the oceanHong Kong (CNN Business)China has become one of Africa's largest creditors in recent years, lending hundreds of billions of dollars to governments to build roads, railways and ports. Now it's promising to write off a small part of that debt as countries on the continent battle the Covid-19 pandemic. China will exempt certain African countries from interest-free loans due by the end of this year, President Xi Jinping said late Wednesday. He was speaking at a summit about how China and Africa can fight the pandemic together. Xi did not say which African countries would be exempt or how much debt would be erased outright. By independent estimates, African countries are substantially indebted to...
0
shares
ShareTweetSavePostSend
 

💡 One News Page Knowledge: Other News Mentions

CNN Business CNN Business US financial information website

FedEx Calls For Washington Redskins To Change Name [Video]

FedEx Calls For Washington Redskins To Change Name

According to CNN Business, FedEx, a major sponsor of the Washington Redskins, has asked the NFL team to change its name. This comes after mounting pressure from investors who oppose the name's racist connotations. FedEx said that over 80 groups and shareholders that invest in them demanded that FedEx CEO Frederick Smith "terminate its business and public relationships" with the franchise because of the name. FedEx sponsors and has naming rights for the stadium the Washington Redskins plays in.

Credit: Wochit News    Duration: 00:41Published

Adidas executive who described racism discussions as 'noise' is stepping down

New York (CNN Business)Adidas' global head of human resources, Karen Parkin, is leaving the company less than a month after a group of employees reportedly asked..
WorldNews
Atalanta's CNN Center Is Being Sold [Video]

Atalanta's CNN Center Is Being Sold

CNN's parent company has announced they will be selling the network's landmark building in Atlanta. According to CNN Business, the CNN Center is going up for sale. Pascal Desroches, CFO for WarnerMedia, said the company is shifting focus to another property it owns in Atlanta. Desroches said; "Following the sale of the CNN Center, we plan to centralize most of our employees on the Techwood campus". CNN Center building has been the main campus of the network since 1987.

Credit: Wochit News    Duration: 00:32Published

Can millions more street vendors save China from a jobs crisis? Beijing appears divided

(CNN Business)For years, China staked its future on world class manufacturing and new technology. Now, it's having to contemplate a simpler, and older, solution..
WorldNews
Bank of America Is Donating $1 Billion to Fight Racial Inequality [Video]

Bank of America Is Donating $1 Billion to Fight Racial Inequality

CNN Business says the $1 billion will expand upon Bank of America's donations to minority-owned businesses.

Credit: Cover Video STUDIO    Duration: 01:18Published

Hong Kong Hong Kong Special administrative region of China

Equity indices close in the green, Eicher Motors up 4.2 pc [Video]

Equity indices close in the green, Eicher Motors up 4.2 pc

Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.

Credit: ANI    Duration: 01:12Published

Merkel says Germany worried over ‘erosion’ of Hong Kong’s autonomy

German Chancellor Angela Merkel on Friday expressed concern over the...
WorldNews
Hong Kong activists discus parliament-in-exile [Video]

Hong Kong activists discus parliament-in-exile

Hong Kong pro-democracy activists are discussing a plan to create an unofficial parliament-in-exile to keep the flame of freedom alive and send a message to China that freedom cannot be crushed, campaigner Simon Cheng told Reuters on Thursday (July 2). Soraya Ali reports.

Credit: Reuters Studio    Duration: 02:05Published

Hong Kong police charge first person under China's sweeping new security law

Hong Kong police have charged the first person under China’s sweeping new security law. “A 24-year-old local man has been charged with one count of inciting..
WorldNews

Xi Jinping Xi Jinping General Secretary of the Communist Party of China and paramount leader of China

China loves John Bolton's book for embarrassing Trump, but not the parts about Xi Jinping

Hong Kong (CNN)It's safe to say former White House national security adviser John Bolton's book has made a splash. With revelations about US President Donald..
WorldNews
China puts final satellite for Beidou into orbit [Video]

China puts final satellite for Beidou into orbit

China on Tuesday successfully put into orbit the final satellite of its Beidou navigation network, rival to the U.S.-owned GPS. Ryan Brooks reports.

Credit: Reuters Studio    Duration: 01:07Published
Trump poses a 'danger for the republic' -Bolton [Video]

Trump poses a 'danger for the republic' -Bolton

[NFA] In an interview with ABC News, former national security adviser John Bolton warned that U.S. President Donald Trump poses a ‘danger for the republic.' Yahaira Jacquez reports.

Credit: Reuters - Politics    Duration: 02:13Published

Coronavirus disease 2019 Coronavirus disease 2019 Infectious respiratory disease caused by severe acute respiratory syndrome coronavirus 2

Pandemic puzzle: tracing the origins of COVID-19 [Video]

Pandemic puzzle: tracing the origins of COVID-19

Unreported Europe investigates the mysterious origins of COVID-19 and asks whether we should start preparing for future pandemics. View on euronews

Credit: euronews (in English)    Duration: 08:00Published
Taj Mahal set to reopen from July 6 [Video]

Taj Mahal set to reopen from July 6

Taj Mahal is set to reopen from July 6 with guidelines. Monuments and public places were directed to remain shut to control COVID situation in country. Union Minister of Tourism and Culture, Prahlad Singh Patel announced that monuments across country can reopen from July 06 with social distancing norms. Move is expected to give boost to tourism in calibrated manner.

Credit: ANI    Duration: 01:12Published
CDC Denied Public Briefing About COVID-19 [Video]

CDC Denied Public Briefing About COVID-19

CDC Denied Public Briefing About COVID-19

Credit: Wochit News    Duration: 00:34Published

Related videos from verified sources

China's Wuhan has tested third of residents for coronavirus [Video]

China's Wuhan has tested third of residents for coronavirus

City embarks on enormous testing exercise after emergence of new clusters of cases following end of lockdown.

Credit: Al Jazeera STUDIO     Duration: 01:20Published
China May Hold Major Military Exercise in South China Sea [Video]

China May Hold Major Military Exercise in South China Sea

TOKYO — China's People's Liberation Army Navy plans to conduct a large-scale amphibious assault drill off Hainan Island in August, according to the Japan Times. Citing unnamed Chinese sources, the..

Credit: TomoNews US     Duration: 01:58Published
Disneyland reopens in China amid fears of COVID-19 return [Video]

Disneyland reopens in China amid fears of COVID-19 return

Disneyland reopens in Shanghai even as new coronavirus cases are reported further north in Wuhan

Credit: Al Jazeera STUDIO     Duration: 02:21Published

Related news from verified sources

The Deadliest Nations For COVID-19 – Analysis

With Covid-19 death rates varying wildly, researchers sort through demographic, environmental, cultural and leadership trends. By Joseph Chamie* Covid-19...
Eurasia Review Also reported by •National Post

Study Provides Evidence On Optimal Physical Distancing, Face Masks And Eye Protection To Prevent Spread Of COVID-19

Keeping at least one metre from other people as well as wearing face coverings and eye protection, in and outside of health-care settings, could be the best way...
Eurasia Review

US-China Rivalry Post-Pandemic: How Will The World Look Like? – Analysis

US-China Rivalry Post-Pandemic: How Will The World Look Like? – Analysis
COVID-19 has created a game changer in the US-China hegemonic rivalry. Both hegemons are affected economically and politically by the pandemic; the question is...
Eurasia Review


Tweets about this