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China GDP: nearly 11 billion Covid tests seen giving economy a US$26 billion boost in second quarter

China GDP: nearly 11 billion Covid tests seen giving economy a US$26 billion boost...

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China’s mass coronavirus-testing campaign looks to rack up a US$26 billion bill during the year’s second quarter, according to researchers with Soochow Securities.
Ukraine war: celebrity-backed global campaign raises US$11 billion for refugees

Ukraine war: celebrity-backed global campaign raises US$11 billion for refugees

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The funds will be used to help more than 10 million people displaced within and outside the war-torn country.
Hong Kong Tourism Board to receive HK$1.35 billion to promote travel recovery, host handover anniversary events

Hong Kong Tourism Board to receive HK$1.35 billion to promote travel recovery, host handover...

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The Hong Kong Tourism Board will receive an 80 per cent boost in funding, for a total budget of HK$1.35 billion (US$172.51 million)...
SoftBank says Alibaba’s registration of 1 billion ADSs is not tied to any specific future transaction

SoftBank says Alibaba’s registration of 1 billion ADSs is not tied to any specific...

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Alibaba’s recent registration of additional American Depositary Shares is not tied to any specific future transaction by SoftBank Group, a spokesperson for the...
Hong Kong customs seizes 420 million illicit cigarettes with market value of HK$1.2 billion, more than doubling yearly haul

Hong Kong customs seizes 420 million illicit cigarettes with market value of HK$1.2 billion,...

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Hong Kong customs has confiscated nearly 430 million smuggled cigarettes with a market value of HK$1.2 billion (US$153.8 million) this year, more than...
EU pledges US$1.2 billion aid package for Afghanistan as it opens G20 virtual summit

EU pledges US$1.2 billion aid package for Afghanistan as it opens G20 virtual summit

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The Taliban on Tuesday held their first face-to-face talks with a joint US-EU delegation in Qatar as Brussels pledged €1 billion (US$1.2 billion)...
Huawei says US sanctions cause US$30 billion loss in its handset revenue a year

Huawei says US sanctions cause US$30 billion loss in its handset revenue a year

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Huawei Technologies Co’s rotating chairman put on a brave face amid threats of fresh US sanctions, saying that the existing trade ban is...
Alibaba elaborates on how it will use its 100 billion yuan ‘common prosperity’ fund – pointing to ‘high quality growth’ for all

Alibaba elaborates on how it will use its 100 billion yuan ‘common prosperity’ fund...

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Chinese e-commerce giant Alibaba Group Holding’s pledge of 100 billion yuan (US$15.5 billion) to help narrow the country’s wealth gap is not just...
Early prison release for former Hong Kong feng shui master Peter Chan, jailed over forged will involving HK$83 billion fortune of late tycoon Nina Wang

Early prison release for former Hong Kong feng shui master Peter Chan, jailed over...

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Convicted forger Peter Chan Chun-chuen was released from a Hong Kong maximum-security prison on Saturday after serving eight years for faking the will...
Developer pays US$1.4 billion for Hopewell’s Kowloon Bay exhibition centre in multibillion dollar project to turn into grade-A offices

Developer pays US$1.4 billion for Hopewell’s Kowloon Bay exhibition centre in multibillion dollar project...

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A consortium led by Billion Development and Project Management has bought the 25-year-old Kowloon Bay International Trade and Exhibition Centre (Kitec), in a...
Taiwan to boost spending by US$7.5 billion as Covid-19 cases rise

Taiwan to boost spending by US$7.5 billion as Covid-19 cases rise

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Taiwan’s government on Thursday proposed an extra NT$210 billion (US$7.5 billion) in spending to help the economy deal with the Covid-19 pandemic, as...
erica banks 2021

Rise & Grind: Erica Banks Talks Choosing Warner Records & Turning Down DaBaby’s Billion...

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Rise & Grind is a new editorial series, meant to introduce and dissect new, buzzing, or underground artists.Erica Banks managed to change her life...
US lawmakers back US$100 billion science push to compete with China

US lawmakers back US$100 billion science push to compete with China

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A bipartisan group of US lawmakers on Wednesday introduced legislation calling for US$100 billion in government spending over five years on basic and...
UK finance chief Rishi Sunak to provide £5 billion in grants to pandemic-hit businesses in budget

UK finance chief Rishi Sunak to provide £5 billion in grants to pandemic-hit businesses...

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British finance minister Rishi Sunak will announce £5 billion (US$7 billion) of additional grants to help businesses hit hard by pandemic lockdowns in...
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Eskom applied for R70 billion in spending deviations in under a year, Parly hears

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Eskom applied for deviations worth R1.2 billion in...
NDLEA intercepts 40 parcels of cocaine worth N32 billion in Lagos (photos)

NDLEA intercepts 40 parcels of cocaine worth N32 billion in Lagos (photos)

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Two suspected drug-traffickers met their waterloo as they were intercepted by operatives of the National Drug Law Enforcement Agency NDLEA with 40 parcels of...
‘FG can’t share ₦15 billion donated by private Nigerians and companies to Nigerians’ – Lai Mohammed

‘FG can’t share ₦15 billion donated by private Nigerians and companies to Nigerians’ –...

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Nigeria’s Minister of Information, Lai Mohammed has said the Federal government cannot share to Nigerians the funds donated by private Nigerians and organizations for...
‘People think when they die, they take their money with them’ – Femi Otedola speaks on why he donated 5 Billion Naira to DJ Cuppy's foundation.

‘People think when they die, they take their money with them’ – Femi Otedola...

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Nigerian Billionaire and oil magnate, Femi Otedola has opened up on why he donated the hefty sum of 5 Billion Naira to his daughter’s...
Court orders Patience Jonathan to forfeit $8.4 million, N9.2 billion to Federal government

Court orders Patience Jonathan to forfeit $8.4 million, N9.2 billion to Federal government

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Justice Mojisola Olatoregun of the Federal High Court in Lagos has ordered the forfeiture of ex First Lady Patience Jonathan’s $8.4 million and N9.2...
Alleged N500 billion CBN scandal: Don't confirm Emefiele - Frank warns Senate

Alleged N500 billion CBN scandal: Don’t confirm Emefiele – Frank warns Senate

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A former Deputy National Publicity Secretary of the All Progressives Congress, APC, Timi Frank, has asked the Senate to withhold the confirmation of Godwin...