Exousiang01:
Switzerland has no business being in debt

They are not owing money. They are actually the creditor.

victorVIC1:
I'm curious to know the countries that US is indebted to

This is the list. The article is misleading. These are countries that are holding US bonds. It’s an investment and they collect interests on these from the US.

God1000:
Hmm, so china is owing US this much and not the other way round.

Well, this will finally address the debate and misconception

China is the creditor here not the other way round. These are treasury bonds.

inoki247:
Lol with all the interest wey UBA dey declare dem no get up to N500 Billion as dem litter around Africa Country still.....



Opay wey no get international spread like that even come get money pass most of the banks...

We are talking about capital base and not assets. For example UBA asset is over $20 billion. Convert that to Naira and see. Just last year, UBA profit after tax is about N375 billion.

benuejosh:
if you took your time to read you will understand that the government is not paying a dime. This guys will construct, commission and operate this particular rail line all by themselves. This is pure business. While they're doing this business to their gain, they're in turn building the Nigerian rail infrastructure. Nigeria government will only provide an enabling environment for them by removing bureaucratic processes and others.

Don't be naive. Does this company look like they can build anything? Are there any records that show that this company has managed any project or business in the past? When you want to award a project or enter into an MOU with a company, you look at their capacity and history of handling similar projects. Critical thinking is important.

Lol, Naija.

AllenSpencer:
🤣🤣🤣🤣🤣


Coming from same X that has lost 70% of its value.

Does Elon think X can be sold for half the value he purchased it!

TikTok should be mocking others, not X

X is the only platform I can tolerate.

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

We saw all the refineries built by Shell, Exxon, Chevron, Total etc, in Ibadan and Sapele.

Tesla overtaken by China’s BYD as world’s biggest EV maker

Fourth-quarter sales from Elon Musk’s group beat estimates but fall behind Chinese rival for the first time.

Elon Musk’s Tesla has been knocked off the top spot as the world’s best-selling electric-vehicle maker for the first time by BYD after recording fewer deliveries than its Chinese rival in the past quarter.

The US group handed over 484,000 cars in the fourth quarter, more than the 473,000 anticipated by analysts but not enough to hold on to its title after BYD reported record sales of battery-only vehicles of 526,000 for the same period.

Tesla’s dethroning by BYD reflects the rise of what was a little-known Chinese group only a decade ago, which Musk himself has publicly dismissed. While growth at the Warren Buffett-backed Chinese company has been mostly achieved on its home turf, BYD is sharpening its focus on finding new foreign markets including in Europe.

Danni Hewson, head of financial analysis at AJ Bell, said BYD’s electric cars were “becoming increasingly visible on European roads thanks to keen pricing”.

BYD’s success in chasing down Tesla also underlines the struggle of legacy automakers from the US, Europe, Japan and Korea to adapt to fast-changing consumer preferences for cheaper, smarter electric vehicles.

In a statement published in China, the Shenzhen-based group called itself the “world champion” for “new energy vehicles” after notching total annual sales of more than 3mn for 2023 across its vehicles — which also include plug-in hybrid cars.

Tesla’s annual sales were 1.81mn vehicles in 2023, while BYD delivered 1.58mn fully electric cars.

Through much of the past 12 months, BYD benefited from price cuts sparked by Tesla’s attempt to chase market share, pushing consumers to consider China’s lower-cost models, according to analysts.

“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder of Beijing-based advisory company Sino Auto Insights.

He added that while both companies cut prices on some cars over the past year, Tesla did so “much more dramatically”, signalling that BYD could distance itself further from the US group over the coming year.

Still, Wedbush Securities analyst Dan Ives said it was an important quarter for Tesla to show strong deliveries and momentum heading into 2024.

Tesla’s annual sales of 1.8mn last year was a “major achievement in a choppy macro [economic environment]” for the electric vehicles sector, he added.

BYD was founded by Wang Chuanfu, a former university professor, in the mid-1990s. After focusing on manufacturing rechargeable batteries, including for mobile phones, the company expanded into the car industry in the early 2000s.

The Chinese group’s early success prompted Warren Buffett’s Berkshire Hathaway to invest in the company in 2008. Despite relying on existing industry technology for many years, BYD has focused on stripping out costs from the production process.

Following years of state support and careful industrial planning by Beijing, China’s automakers now leverage their country’s control over the production of almost every resource, material and component used to make electric vehicles.

BYD’s vertically integrated structure — it controls mines and produces batteries and chips — has made it the envy of foreign rivals as the global car industry transitions away from the combustion engine.

At the end of last year six out of the top-selling EV models in China, the world’s largest car market, were BYD cars, according to Automobility, a Shanghai-based consultancy. While BYD’s share of sales has expanded to more than 35 per cent, Tesla has “struggled” to keep up with the cadence of product launches by Chinese rivals, the consultancy added.

Source: https://www.ft.com/content/716c9b0b-d8cd-491a-a91b-d70c1e540797

richeeyo:

According to imf
Nigeria should have collapsed

Nigeria has collapsed.

richeeyo:

You dumb as Bleep
China is collapsing

How is it collapsing? Stop listening to the media, many discussions on China are propaganda. Just look at the facts, no country in the West will grow faster than China this year and next. Below is the IMF forecast of GDP growth for 2023 and 2024.

Source: https://www.bloomberg.com/news/articles/2023-01-31/imf-raises-world-economic-outlook-for-the-first-time-in-a-year?embedded-checkout=true

NzogbuNzogbu:
lol, me or you who need reading

turkey doesnt allow greece access the sea, even the surrounding island they still collect

egypt has blockaded gaza by land when ideally it ought to be a bit flexible

What are you talking about? So where are all the seaports in Greece built? In Turkey, I guess.

Why are we even here?

NzogbuNzogbu:
i just mentioned egypt controlling southern gaza boarder and you didnt say anything

Turkey is currently controlling Aegean Sea water way which greece has always owned more access to

What are you talking about? Is Turkey denying Greece access to the sea? or is Egypt controlling Palestine's access to the sea?

Sorry, I'm exhausted. You need to do more reading on the history and not regurgitate what you hear in the media.

NzogbuNzogbu:
there are numerous nations landlocked under the greater influence of neighbour countries

even those controlling international water fronts

you know what they do?

they make partnership with the other nations in control thats not seige

egypt that have refused to open the south boarder is it blockade you would also call it when they are looking out for their own security

Tell me one country that controls another country's access to their own waters? It is even illegal under the United Nations Convention on the Law of the Sea: https://en.wikisource.org/wiki/United_Nations_Convention_on_the_Law_of_the_Sea.

There's nothing you won't use to justify oppression. It's understandable. There are people like you who made justification for the apartheid in South Africa. Many countries around the world even termed ANC a terrorist organization and Mandela as a terrorist. Things have changed now, right? So will the case of Palestine someday, it is just a matter of time.

NzogbuNzogbu:
access to the sea to be shiping weapons abi?

despite the restriction they still smuggle iran missiles let alone access to sea

gaza people need to make israel trust them first

What you are doing here is called Cognitive bias. I understand that it is due to the lens with which you are looking at the world. Do you think Nigeria should stop Benin from buying weapons from anywhere? Think about your logic. If a country is a sovereign, no one should stop them from importing anything from anywhere. That is why they are called sovereign nations.

How will Gaza people make Israel trust them without giving them their rights? It is like someone asking you to hold a live coal in your palm and also asking you to hold it carefully.

NzogbuNzogbu:
it recognizes the palestine state of gaza

Palestine are basically running their own govt in gaza israel doesnt for them until it now concern them

If that is the case why don't they have access to the sea (see the red arrow in the photo)? Just imagine for a minute, about 2 million people live in that thin strip called Gaza. Even Igbo people and South Africans during apartheid did not see half of this injustice, and they both had militia. As long as Palestine is not recognized as a sovereign country, this issue will keep reoccurring and getting worse. History has taught us no brute force can stop it. It didn't stop ANC in SA, it won't stop in Palestine.

NzogbuNzogbu:
this one so, hamas invaded a soverign nation

ipob na just seccessonist seeking nigerians

Does Israel recognize Palestine as an independent country?

Fearlez:
South Africa always punching above its weight

How? They went through the same thing as Palestine for many years, so they understand better. Their party, ANC was one time labelled a terrorist organisation.

achimendy:



When hamas started killing Israeli civilians what did you say, or where you blinded?

It's just like saying it is okay for the Nigerian army to wipe out the whole Anambra state because IPOB killed some Yoruba or Hausa traders. It doesn't make sense.

(Bloomberg) -- Huawei Technologies Co.’s latest smartphone clearly demonstrates wireless speeds akin to Apple Inc.’s latest iPhones in numerous tests, as more details emerge about a gadget labeled a Chinese breakthrough despite US tech sanctions.

Testing by Bloomberg News of Huawei’s new $900-plus flagship model shows bandwidth similar to other 5G phones. That aligned with blogposts and videos on Chinese social media that claimed the device came with 5G capabilities.

The gadget, which went on sale this week without the typical fanfare of a product launch, fanned patriotic fervor as it was seen to represent China’s ability to get around US sanctions. Shenzhen-based Huawei has been at the center of intensifying US trade curbs on Chinese businesses, which American officials say are based on national security concerns.

The Mate 60 Pro achieved speeds in excess of 350Mbps or megabits-per-second in testing on China Mobile Ltd.’s network in Hong Kong. Videos posted to the Weibo social service showed the handset approaching 1Gbps or gigabit-per-second.
Huawei’s new 5G chip, which powers its newly-released Mate 60 smartphone, is likely fabricated by SMIC. This marks a milestone in China’s semiconductor progression. Yet we expect limited financial uplift for SMIC in 2024, given production yield challenges and material constraints.
It remains unclear which chips Huawei used in its phone, a critical component for wireless connectivity.

Analysts at Sanford C. Bernstein including Mark Li said that teardowns suggest the speeds were accomplished with advanced packaging and other steps that could lead to extra power consumption. The chips may have higher costs than comparable silicon available outside of China, but Huawei may simply absorb the additional expenses, they wrote.

Berenberg analysts Tammy Qiu and Meha Pau said they believed top Chinese chipmaker Semiconductor Manufacturing International Corp. manufactured the radio chip based on 14nm or more advanced technology.
Huawei said the Mate 60 Pro is “the most powerful Mate model ever,” but declined to comment on the specifications of its processor or where and when it was made. Its interface, built on Huawei’s in-house Harmony OS, omits mention of the wireless standard.

Source:https://www.bloomberg.com/news/articles/2023-09-01/huawei-s-mystery-phone-shows-wireless-speeds-as-fast-as-apple?in_source=embedded-checkout-banner

As Commerce Secretary Gina Raimondo was visiting China earlier this week, a sea-green Chinese smartphone was quietly launched online.

It was no normal gadget. And its launch has sparked hushed concern in Washington that U.S. sanctions have failed to prevent China from making a key technological advance. Such a development would seem to fulfill warnings from U.S. chipmakers that sanctions wouldn’t stop China, but would spur it to redouble efforts to build alternatives to U.S. technology.

Huawei Technologies Co.’s new smartphone, the Mate 60 Pro, represents a new high-water mark in China’s technological capabilities, with an advanced chip inside that was both designed and manufactured in China despite onerous U.S. export controls intended to prevent China from making this technical jump. Those sanctions were first imposed by the Trump administration and continued under President Biden.

The timing of the phone announcement on Monday, while Raimondo was in Beijing, appeared to be a show of defiance. Chinese state media declared it showed the U.S. that trade war was a “failure.”

Paul Triolo, the technology policy lead at the Washington-based business consulting firm Albright Stonebridge Group, called the new phone “a major blow to all of Huawei’s former technology suppliers, mostly U.S. companies.”

“The major geopolitical significance,” he said, “has been to show that it is possible to completely design [without] U.S. technology and still produce a product that may not be quite as good as cutting edge Western models, but is still quite capable.”

Biden administration officials declined to comment.

How powerful the new chip design is remains an open question. Unusually, Huawei revealed little about key aspects of the phone in its announcement, such as whether it was 5G-enabled or what process was used to produce it. In a statement, Huawei simply touted the phone as making breakthroughs in “satellite communications.”

China’s official broadcaster, CGTN, in a post on X, formerly known as Twitter, called the phone Huawei’s “first higher-end processor” since U.S. sanctions were imposed and said the chip it contains was made by Semiconductor Manufacturing International Corp., a company partially owned by the Chinese government.

One person told The Washington Post that the Mate 60 Pro has a 5G chip. Speed tests posted by early buyers of the phone online suggest its performance is similar to top-of-the-line 5G phones. In July, Reuters reported Huawei’s imminent return to the 5G phone market, citing three technology research firms speaking on the condition of anonymity.

Nikkei Asia has reported, citing sources, that SMIC would be using what’s known as the “7-nanometer process” to make the chips for Huawei, the most advanced level in China. This would be on par with the process used for the chips inside Apple’s iPhones launched in 2018. Apple’s latest iPhone chips were made by the Taiwan Semiconductor Manufacturing Company, using what is known as the four-nanometer process. A nanometer is a measure of chip size, with the fewer nanometers in the process, the better. A piece of paper is about 100,000 nanometers thick.

U.S. sanctions were intended to slow China’s progress in emerging fields like artificial intelligence and big data by cutting off its ability to buy or build advanced semiconductors, which are the brains of these systems. The unveiling of a domestically produced seven-nanometer chip suggests that has not happened.

Industry experts cautioned that it’s still too early to tell how competitive China’s chipmaking operations will become. But what is clear is that China is still in the game.

“This shows that Chinese companies like Huawei still have plenty of capability to innovate,” said Chris Miller, a professor at Tufts University and author of the book “Chip War.” “I think it will also probably intensify debate in Washington on whether restrictions are to be tightened.”

Few stakeholders have yet to voice opinions publicly, as industry groups seek to confirm more details and evaluate their stances. But there is no doubt the new Huawei phone has sparked discussions of what comes next. “There is a lot of activity,” said Craig Allen, president of the U.S.-China Business Council, a nonprofit group that promotes trade between the United States and China.

Opinions differ as to how the U.S. government should react.

“This development will almost certainly prompt much stronger calls for further tightening of export control licensing for U.S. suppliers of Huawei, who continue to be able to ship commodity semiconductors that are not used for 5G applications,” Triolo said.

On the other hand, he added, “U.S. semiconductor companies would prefer to be able to continue to ship commodity semiconductors to Huawei and other Chinese end users, to maintain market share and stave off the designing [without] U.S. technology from Chinese supply chains more broadly.”

Washington faced a similar quandary of how to hobble the Soviet Union’s technological development during the Cold War. Willy Shih, an economist at Harvard Business School, said Huawei’s breakthrough was evocative of what happened with Global Positioning System technology, now commonly known as GPS. The U.S. Defense Department developed the technology and restricted its export, wary of it in the hands of rivals. But the export restrictions pushed Moscow and other governments to develop their own versions, Shih said.

“So it went from a situation where the U.S. really dominated that technology and everyone would come to the U.S. to buy it, to now there are all these different alternatives,” he said. “And you have to wonder if the same thing is happening now with Huawei.”

China’s race to build an advanced homegrown chip began in May 2019, when, amid the Trump administration’s trade war with China, the Commerce Department put Huawei on its “Entity List,” prohibiting U.S. companies from doing business with it. Some wondered if it was a “death penalty” for Huawei, with the company choked from obtaining key components.

Huawei had long been in the crosshairs of Washington as the sharpest tip of China’s tech industry. Since 2012, Huawei has been the world’s largest supplier of the equipment needed to operate the global internet, a position it has maintained despite U.S. sanctions. Huawei files more patent applications than any other company in China, and a constellation of Chinese start-ups rely on Huawei’s AI algorithms to build their own applications for face and voice recognition, pattern identification and other purposes.

Huawei’s business lines include geopolitically sensitive products including mobile base stations that provide nations with cell coverage, video-surveillance gear for police and submarine cable systems, which all require chips as their brains.

In the wake of the sanctions, Ren Zhengfei, Huawei’s charismatic founder who got his start in China’s army engineering corps, rallied Huawei’s staff for an all-out fight for the survival of their company. They stockpiled chips from overseas suppliers, predicting that Washington might close loopholes in the sanctions. This indeed came to pass. Washington plugged the loopholes one by one, including sanctioning SMIC, the only factory in China potentially capable of manufacturing advanced chips for Huawei — and pushing for suppliers of specialized chipmaking gear to halt sales to China more broadly.

Since then, Huawei has hunkered down into survival mode, drawing on its stockpiled chips as it raced to secure a domestic chipmaking solution.

SMIC has striven to make cutting-edge chips since its founding in 2000, but the dream had long seemed pie-in-the-sky. Each generation of chips reflects a new frontier in just how microscopically small humans can draw precise designs into a sheet of silicon. By the time SMIC caught up to one generation, industry leaders had raced further ahead based on new breakthroughs by the world’s brightest physicists and technicians.

“It’s hard to catch up because chips are the most complex manufactured good humans have ever produced,” Miller said. “There’s nothing more complicated that humans make … this is really hard stuff.”

Miller says a considerable gap remains between SMIC’s capabilities and those of TSMC, the industry leader that produces the newest chips for companies like Apple. It also remains unclear if SMIC can produce advanced chips at a scale and cost that will make its products globally competitive.

Shih said that regardless of if SMIC can reach the cutting edge, the foundry will certainly be able to produce older-generation chips at scale, possibly pushing down prices of chips worldwide. “We will see price pressure and commoditization pressure,” he said.

U.S. companies like Intel and Qualcomm have already lost significant sales in China, the world’s second-largest economy, due to the U.S. sanctions, crimping their research and development budgets. U.S. executives fear this could weigh on their long-term strength, in an industry where only a few of the strongest, fastest companies tend to survive.

“It starts a downward spiral in ability, to not be competitive with the rest of the world,” said an industry executive, who spoke on the condition of anonymity because of the sensitivity of the subject.

Since the U.S. chip sanctions began, Beijing has flexed what muscles it can to prevent more of the global chip industry from falling under Washington’s sway. For instance, Intel recently announced it will have to pay $353 million in termination fees to Israel’s Tower Semiconductor after failing to acquire Chinese regulatory approval for the acquisition.

Source: https://www.washingtonpost.com/technology/2023/09/02/huawei-raimondo-phone-chip-sanctions/

OChimex:


Honestly, those guys see Africa as idiots. See the stupid things dem they build sell for Africa. By the end of the year dem don build note 200. Same shitty thing, all the times. Go their countries, you no go see these shitty phones there.

These phones are entry-level, low-grade and low-cost gadgets made for poor countries. You get what you can afford.

LastProphet:
Those that will buy don't know that the phone cannot work in the US

These phones are not even sold in China. They are produced exclusively for the African, Indian, Bangladeshi and some middle eastern markets.
Tecno, itel and Infinix all have the same parent company— Transsion Holdings.

The US has sensitive nuclear technology at a nuclear power plant inside Ukraine and is warning Russia not to touch it, according to a letter the US Department of Energy sent to Russia’s state-owned nuclear energy firm Rosatom last month.

In the letter, which was reviewed by CNN and is dated March 17, 2023, the director of the Energy Department’s Office of Nonproliferation Policy, Andrea Ferkile, tells Rosatom’s director general that the Zaporizhzhia Nuclear Power Plant in Enerhodar “contains US-origin nuclear technical data that is export-controlled by the United States Government.”

Goods, software and technology are subject to US export controls when it is possible for them to be used in a way that undermines US national security interests.

The Energy Department letter comes as Russian forces continue to control the plant, which is the largest nuclear power station in Europe and sits in a part of the Zaporizhzhia region that Russia occupied after its invasion of Ukraine last February. The plant has frequently been disconnected from Ukraine’s power grid due to intense Russian shelling in the area, raising fears across Europe of a nuclear accident.

While the plant is still physically operated by Ukrainian staff, Rosatom manages it. The Energy Department warned Rosatom in the letter that it is “unlawful” for any Russian citizens or entities to handle the US technology.

CNN has reached out to Rosatom for comment.

“It is unlawful under United States law for non-authorized persons, including, but not limited to, Russian citizens and Russian entities,” the letter says, “such as Rosatom and its subsidiaries, to knowingly and willfully access, possess, control, export, store, seize, review, re-export, ship, transfer, copy, manipulate such technology or technical data, or direct, or authorize others to do the same, without such Russian entities becoming authorized recipients by the Secretary of the US Department of Energy.”

It is not clear whether Rosatom has responded to the letter. The Energy Department’s National Nuclear Security Administration told CNN in a statement that the letter is authentic.

The letters were first reported by the Russian news outlet RBC.

“The Department of Energy’s National Nuclear Security Administration can confirm that the letter is legitimate,” said Shayela Hassan, the deputy director of public affairs for the National Nuclear Security Administration.

She added: “The Secretary of Energy has the statutory responsibility for authorizing the transfer of unclassified civilian nuclear technology and assistance to foreign atomic energy activities. DOE does not comment on regulatory activities.”

Another letter from Ferkile to the Energy Department’s Inspector General, reviewed by CNN and dated October 24, 2022, outlines the technology the US has exported to Ukraine for use in the Zaporizhzhia plant and reiterates that the department has “no record of any current authorization to transfer this technology and technical data to any Russian national or entity.”

The Energy Department’s Office of Nuclear Energy has been public about the US’ support for the plant, and stated on its website in June 2021 that “the United States helped implement new maintenance procedures and operations at the reactor that should ultimately strengthen energy security” in Ukraine.

Source: https://www.cnn.com/2023/04/18/politics/us-warns-russia-zaporizhzhia-nuclear-plant/index.html#:~:text=The%20US%20has%20sensitive%20nuclear,energy%20firm%20Rosatom%20last%20month

budaatum:


I believe so too.

And I hope he is more successful than them.

budaatum:


There's a reason it is called a "scandal" that they are paying compensation for.

https://www.gov.uk/apply-windrush-compensation-scheme

I believe Roger will have that option as well

budaatum:


After UK revokes your visa, which will not ever be immediately, you still will have 28 days to appeal. After all, your non-attedance might be because a bus hit you on the way to the Home Office and ended you up in hospital.

https://www.gov.uk/immigration-asylum-tribunal/appeal-from-outside-the-uk

Yea, like they did in Windrush scandal.

Faithful007:
The US leads everyone in AI. OpenAI's ChatGPT, Tesla's Self-driving. Google Brain and Deepmind, Nvidia etc. No human being on the planet can beat Google's Deepmind in any game currently.

Just last month the US Air force flew an F-16 entirely with AI. No human input. Which other country has done that?

I didn't write the report. It was published by the Australian Strategic Policy Institute that is funded by the Australian and United State Government. Here is a link to their sponsor list: https://www.aspi.org.au/sponsors

I believe they know what they are talking about. A lot of people don't know what China is doing because they are closed and the media doesn't shine light on them. The report is to sensitize the West that China is not sleeping.

"ASPI said China’s growing prowess in critical technologies, which the think tank credited to long-term policy planning, should be a “wake-up call for democratic nations”.

“In the long term, China’s leading research position means that it has set itself up to excel not just in current technological development in almost all sectors but in future technologies that don’t yet exist,” ASPI said in a commentary accompanying the report.

INDIA is a shinning star. I'm really surprised with their progress. I lived in India in the past and noticed that they have very brilliant and hard working people but their position in this report is something.

Not a single country from Africa. What are we doing?