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China asks US to block Taiwan president trip after talk of Donald Trump meeting

China has urged Washington to deny Taiwan’s president entry to the United States as Donald Trump’s protocol-shredding conversation with Tsai Ing-wen continued to create frictions between the world’s two largest economies. Tsai, who was elected Taiwan’s first female leader in January, is expected to fly through the US next month …

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White House looks to reassure China after Trump-Taiwan call

The White House says it has sought to reassure China after President-elect Donald Trump’s phone call with Taiwanese President Tsai Ing-wen. The call last week sparked alarm as the US does not have formal relations with Taiwan, which China views as a breakaway province. China lodged a diplomatic complaint in …

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HK Tycoon Makes $5.4bn Offer for Australian Energy Firm

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Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI …

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Algerian PM pushes for intra-Africa trade; urges Africa to be a ‘strong team’

The apparent lack of interest in intra-African trade has taken center stage at an ongoing African investment forum in the Algerian capital, Algiers. The Algerian prime minister, Abdelmalek Sellal who raised the issued said trade within the continent has not seen any significant progress over the past decade even though …

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NNPC to explore for crude in Gulf of Guinea

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The Nigerian National Petroleum Corporation on Thursday announced its preparedness to explore for crude oil in the Gulf of Guinea in a bid to increase the country’s reserves. According to the Group Managing Director of the national oil firm, Dr. Maikanti Baru, the corporation will also search for crude in …

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GoPro to cut about 15 percent of workforce

A GoPro device featuring 16 cameras, to be used with Google's "Jump," to provide viewers with 360-degree video, is shown during the Google I/O developers conference in San Francisco

GoPro Inc said on Wednesday it would cut about 15 percent of its workforce as the company restructures its once fast-growing action camera business. GoPro said it will cut about 200 full-time positions, cancel open positions and shut down its entertainment division as part of the restructuring. The company said …

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