FedEx Probe Not Retaliation, Says China

China launched an investigation into FedEx Corp on Friday
investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday. The inquiry was aimed at sending a message that any economic entity in China should abide by the country’s laws and regulations, it said in a commentary.

“China is willing to share the opportunities in its courier market with foreign investors. Undermining Chinese clients’ legitimate rights and interests, however, is not acceptable,” Xinhua said.

The move came after Huawei Technologies Co Ltd complained that the U.S. company had diverted parcels destined for the Chinese tech giant’s addresses in Asia to the United States. FedEx said the packages were “misrouted in error”.

The investigation has fueled concerns that more U.S. companies with operations in China could be caught up in frictions between the two countries, after Washington put Huawei on a blacklist last month citing national security

Comments

Obaze reverses self, hails Obiano as APC accepts result

The national leadership of the All Progressives Congress and the governorship candidate of the Peoples Democratic Party in the November 18 poll in Anambra State, Mr. Oseloka Obaze, have accepted the outcome of the election. Consequently, they have congratulated Governor Willie Obiano, who has been declared the winner of the election. The APC in a statement signed by its National Publicity Secretary, Mallam Bolaji Abdullahi, also congratulated the party’s candidate, Dr. Tony Nwoye, for his impressive performance at the election and his graciousness in conceding defeat. The party said, “We commend the Independent National Electoral Commission for conducting what is regarded as a credible election, which passes the integrity test. “Similarly, we praise the high level of dedication and professionalism displayed by the security agencies and other ad-hoc members of staff mobilised for the election.” “As a party, we believe the smooth conduct of the election, irrespective o...

Looking for Funding for your business?

For many entrepreneurs around the world, access to financing is a major concern. Amongst the top issues discussed, was finding methods to reduce the costs associated with doing business in Nigeria and the need for competitive interest rates on loan products. Many young entrepreneurs in Nigeria feel that they cannot start a business because they do not have access to the capital required, and those who have started a business feel that there is little to no access to capital to expand or move on to the next level. It is important to highlight the grants, competitions, and prizes available to entrepreneurs around the world. Some of these funding programs are annual, while others are a one-time event. This article aims to inform entrepreneurs living in Nigeria about funding programs to know. Some of these government programs and private organizations seek to increase accessibility, equality, and transparency by supporting the growth, development, and sustainability of businesses in ...

The Price of Partnerships

“On the entry into force of this Agreement, all prohibitions or restrictions on imports or exports affecting trade between the two Parties shall be eliminated, with the exception of the customs duties and taxes and the fees and other charges…implemented through quotas, import or export licensing or other measures. No new measures shall be introduced.” ― Article 34, West Africa-EU EPA, December 3, 2014 With one million Africans estimated to be on their way to Europe via the Sahara-Mediterranean corridor, awareness is growing that curbing migration will only be possible if Africans can see a future for themselves where they were born. For too many, that is not the case. Both African and European leaders share the responsibility and might be on the brink of repeating the mistakes of the past, once more. Paul Immanuel, 24, shivers while staring into the meagre bonfire that is being fed stolen pallets. The West African is one of the remaining men in Ghetto Ghana, a hidden community ...

Presidency speaks on Buhari’s involvement

President Muhammadu Buhari’s Special Adviser on Media and Publicity, Femi Adesina, has said he is not aware if his principal was involved in the reinstatement of former chairman of the Pension Reform Task Team, Abdulrashed Maina. Maina, who was accused of fraud of over N2billion had travelled out of the country, shortly after he was sacked by the immediate past administration. However, Maina, who recently sneaked back into the country, was reinstated into the civil service under controversial circumstances. Following Maina’s reinstatement, the Head of Civil Service of the federation, Winifred Oyo-Ita, had in a leaked memo, claimed that Buhari was aware of the ex-Pension boss’s recall. But featuring on The Osasu Show with Osasu Igbinedion, the presidential spokesperson said all those who were mentioned in connection with Maina’s case should be asked of Buhari’s involvement. Adesina also noted that until Oyo-Ita openly declares that she wrote the memo, it does not stand...

kalpeters

Search This Blog