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27 May 2020

Samsung Heavy Industry Moves Ahead with LNG Platform for Mozambique
Samsung Heavy Industry is moving ahead in South Korea with the construction of a floating platform (FLNG) for the Area 4 joint-venture, led by Eni and which include´s China National Oil and Gas Exploration and Development Company, a subsidiary of CNPC. In spite of the current restrictions due to the Covid-19 pandemic, delivery is still scheduled for 2022.

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27 May 2020

China´s Oil Imports from Angola Continue Recovery
Angola was China's fifth top crude oil supplier in April, customs data showed, with imports rising 23.8% from the same month a year earlier. In the first four months of 2020, Chinese imports from Angola are still negative, despite the recovery.

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26 May 2020

Macao casino magnate Stanley Ho dies at 98 in Hong Kong hospital
Macao gaming magnate Stanley Ho Hung Sun passed away in Hong Kong at the age of 98 today, his family announced outside Hong Kong Sanatorium and Hospital. Macao’s “king of gambling” had retired after an accident at his home in Hong Kong in 2009.

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25 May 2020

Huawei Fusion Solar Brings 5G Energy Technology to Portugal

 

Huawei Fusion Solar, active in 170 countries is operating since December 2019 in Portugal, where large photovoltaic parks are now starting. Integrating new technologies, including 5G, into the renewable energy production, it aims to become one of the more relevant players in the sector.

 

Bruno Santo, responsible for Huawei Fusion Solar in Portugal, told ECO in Portugal that the strong investment of the company

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25 May 2020

Portugal Should be “pragmatic” in Face of Possible US-China Escalation, top Portuguese Diplomat Warns
Former Portuguese Foreign Minister, Ambassador António Martins da Cruz warns that the current trade war between the US and China could be just the first stage of a more severe dispute, that evolves into a technological war, a political one and, at the last stage, a military dispute like the one during the height of the Cold War. Portugal, he warns, should have a "pragmatic approach" to the escalation.

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25 May 2020

Angola and China Negotiating Debt Relief
The matter of Angola´s USD 23 billion debt to China was addressed by the foreign ministers of both countries. Angolan minister Tete António also called attention to his counterpart to Angola´s privatization program, according to a statement from the Angolan Government. 

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25 May 2020

Further Tensions in Brazil-China Relations in Wake of Covid-19
Brazil-China relations have been put to a further strain with the release by the Brazilian Supreme Court of a recording of a Government meeting where Minister of Economy, Paulo Guedes, says the Chinese Government should pay for a Marshall Plan to all countries that have been hit by Covid-19. China´s embassy in Brazil has avoided escalation.  

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22 May 2020

Timor-Leste Moves to Improve Business Environment with Assistance from World Bank, Australia and Japan
The Timorese Government announced today that it has signed an agreement with the International Finance Corporation (IFC) of the World Bank group, to help the country improve its business environment.

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21 May 2020

Huawei, ETSI, Altice Portugal and China BDA launch initiative toward F5G
Huawei, the European Telecommunications Standards Institute (ETSI), Altice Portugal and China Broadband Development Alliance jointly launched the fifth-generation fixed network (F5G) industry initiative on Tuesday, a move an expert said will isolate US companies.

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21 May 2020

Project Supported by China to Bring Digital Satellite TV to 20,000 families in Mozambique
The Government of Mozambique announced the conclusion of a project to bring digital satellite television signal to 1,000 villages in the in the northern province of Cabo Delgado, which is estimated to benefit over 20,000 families.  Covering all the ten provinces and the capital city of Mozambique, the project was co-funded by China and implemented by the Chinese electronics and media company StarTimes.
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