ChinaEconomy

China recalls 5.55m cars in first 11 months

China recalled 5.55 million defective cars in the first 11 months of the year, 10.5 percent fewer than in the same period last year, according to the General Administration of Quality Supervision, Inspection and Quarantine. In November, there were 12 recalls involving a…
EconomyPolitics

António Mexia leaves EDP

The company reported that António Mexia showed unavailability to join any candidate list for EDP’s governing bodies. Shareholders have already asked Miguel Stilwell to present a proposal for the new “board”, says Jornal de Negócios António Mexia and Manso…
ChinaEconomy

Debt evolution to China will be crucial for Africa's ratings

The credit rating agency Moody’s today considered that the evolution of negotiations with China on debt relief will be decisive for ‘rating’ and warned that the diversity of creditors undermines restructuring. “A more dispersed creditor base, including sovereign…
Brazil

Web Summit: Bet in Brazil aims to increase recognition of the summit

The Web Summit will hold an event in Brazil in 2022, with the aim of increasing the recognition of the summit in that region of the globe, said co-founder and executive president, Paddy Cosgrave in an interview with Lusa. Cosgrave recently announced that he is going to…
AngolaEconomy

Oil potential in Angola is 40 billion US $

Angolan companies in the oil sector only take advantage of around 10 percent of the potential estimated at US $ 40 billion that the national industry moves annually. According to the founder and director of PetroAngola, Patrício Quingongo, the recent Law on Local Content…
Economy

Virus crisis to cut airline 2020 revenues by 60%

Airline revenues this year will plunge by 60 percent as a result of the coronavirus pandemic which threatens the survival of the industry, the International Air Transport Association said Tuesday. “The Covid-19 crisis threatens the survival of the air transport…
AngolaEconomy

7% of the world diamond business comes from Angolan production

The indicators were presented in a video conference on diamonds promoted by the Angolan Chamber of Commerce and Industry and the Dubai Multi Commodities Center Angola contributed to the world market in 2019 with 7 percent in carats of diamonds and 9 in values, which…