A former High Court judge who was jailed in 2013 for investing over $50,000 meant for a litigant and profiting from the proceeds has had his claims for pension dismissed by the Supreme Court. In a judgement, a seven-member panel of the Supreme Court, presided over by the Chief Justice, Ms Justice Sophia Akuffo, stated … Read more
Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that has been opposed by unions and worries the island’s neighbours. The long-delayed sale $1.1 billion sale of a 70 percent stake in Hambantota port, which straddles the world’s busiest east-west shipping route, … Read more
Sri Lanka will proceed with the billion-dollar sale of a deep sea port to China despite protests in an effort to slash its foreign debt, the prime minister said Friday. Hambantota port straddles the world’s busiest east-west shipping route and several countries, including neighbouring India, had raised concerns China could use it for its own … Read more
Sri Lanka deployed troops and police to distribute fuel Wednesday as striking petroleum workers protested over plans to sell off stakes in state-owned oil depots to India and China. The indefinite walkout by workers of the national oil company, backed by Sri Lanka’s main leftist opposition party, is in response to the sale of state … Read more
Sri Lanka’s government Tuesday approved the sale to China of a majority stake in a loss-making but strategically-sited deep sea port for more than a billion dollars, the ports minister said. The cabinet gave final approval to sell a 70 percent stake in Hambantota port for $1.12 billion to state-owned China Merchants Port Holdings, minister … Read more
US startup Hyperloop One on Wednesday announced the first successful full-systems test of its near-supersonic rail transit system. The test took place in May at the company’s development track in the Nevada desert near Las Vegas, and involved a vehicle coasting above tracks for slightly more than five seconds using magnetic levitation, according to the … Read more
Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third-biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though the sale will still need regulatory approval. It would be the latest in a wave of … Read more
Revolting Rhymes scored a hat-trick this weekend: first winning Best Storytelling at Shanghai International Film and TV Festival in China, then Best Animation at the Banff World Media Festival in Canada, and finishing off with the Cristal for Best TV Production at Annecy in France, the world’s premier animation festival. Produced by Magic Light Pictures, … Read more
A 4-year-old girl, Precious Sarpomaa Boateng died after a wall collapsed in Soko a suburb of Sukura in the Greater Accra region. Two other children have also sustained serious injuries our reporter, Nhyiraba Kwabena Asirifi reported. Narrating the incident to Nyankonton Mu Nsem he said, the three victims were on their way to buy cerelac … Read more
The first rail freight train from China to the UK arrived three months ago The first rail freight service from the UK to China will depart on a 7,500-mile journey from Essex on Monday. Thirty containers will carry British goods including whisky, soft drinks, vitamins and pharmaceuticals. A DB Cargo locomotive will leave the DP … Read more
Cash-strapped Sri Lanka is to scale back a profitable but controversial deal to sell a deep-sea port to a Chinese company after widespread protests, the ports minister said Thursday. Arjuna Ranatunga said the government was renegotiating the sale of the debt-laden but strategically-located Hambantota port. It had hoped to transfer an 80 percent stake to … Read more
A 40-member Japanese delegation led by the Japanese Ambassador to Ghana has visited the Ghana Ports and Harbours Authority (GPHA). The delegation was made up of officials from the Japan embassy in Ghana, Cote’divoire and Japan International Cooperation Agency (JICA) was received by management of the GPHA. The purpose of the visit is to explore … Read more