AkzoNobel’s Specialty Chemicals said it is working on plans to double production capacity at its organic peroxides facility in Ningbo, China, during the next two years. AkzoNobel plans to increase capacity by 40% is already underway, which is expected to be completed by mid-August. The company is now considering a […]
Premier League clubs’ revenues grew by 9% to a record GBP3.6 billion in 2015/16, according to a recent report by Deloitte. In its annual review of football finance analysis, Delloit stated that in the final year of the Premier League’s broadcast cycle, the 20 Premier League clubs generated more on […]
The chicken must have come home to roost for more 400,000 Chinese investors who have lost a fortune to IGOFX, a Forex multilevel Ponzi scheme that has just collapsed. According to Chinese authorities, both Chinese and Malaysian investors must have lost about RMB30 billion, an approximately USD4.4 billion to the […]
Eskom is set to sign a USD1.5bn (R19.78bn) loan agreement with China Development Bank as the state-owned utility powers ahead with its funding requirements for 2017. The new acting Eskom CEO Johnny Dladla revealed last week that Eskom had secured 77% of its funding requirements for the 2017/18 financial year. […]
In a few days from now, China China will launch its first cargo spacecraft Tianzhou-1 into space and it has been confirmed that this will happen between April 20 and 24, according to the office of China’s manned space program. The team responsible for the power system arrived at the […]
Italian Serie A giants AC Milan has been sold to Rossoneri Sport Investment Lux in a deal which sees the Chinese-led consortium take a 99.3% stake in the club. The seven-time European champions who are Italy’s most successful club in international competition, have been owned by former three-time Italy prime […]
China is leaving no stone unturned with its plan to develop the game of football to optimal level as the country intends to open 50,000 football schools by 2025. The Chinese Ministry of Education said in a statement that it wants to ensure that the initial goal of opening 20,000 football […]
Super Eagles skipper, John Obi Mikel has decided to throw more light on the reason why he moved from Chelsea to Tianjin Teda FC in China in a bid to dispel rumours that he left for the money. Mikel admitted he needs to be match fit and stay in tune […]
The visit of President Mohammadu Buhari to China in 2016 is producing results already as the Chinese government has planned to invest a total of USD40 billion in Nigeria’s economy to further boost it and bring it out of recession by sponsoring and executing projects worth that amount. Their major […]
A Chinese rocket successfully sent three satellites into space in the country’s first commercial mission, a media report said on Monday.The rocket Kuaizhou-1A (KZ-1A) blasted off from China’s Jiuquan Satellite Launch Center in central Gansu province at 12:11 pm (0411 GMT) with three satellites. The media report stressed that one […]