China to allow fully private banks this year
China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said. At a work conference on Monday, the China Banking Regulatory Commission (CBRC) said it will allow private capital either to take part in restructuring existing banks or set up new ones at their own risk, according to a statement. “The first batch of three to five private banks will be set up on a trial basis,” the CBRC said, adding they will be approved when conditions are “mature”. Senior bank officers must be approved by the CBRC.
LG curved G-Flex smartphone to hit US by April
LG said Monday that its curved and slightly bendable G-Flex smartphone will hit the US by April in partnership with telecom firms AT&T, Sprint and T-Mobile. The South Korean consumer electronics giant introduced its new flagship smartphone in late October, but it is only available in the company’s home country as well as Hong Kong and Singapore. “G-Flex is the world’s first curved and flexible smartphone,” said LG Electronics USA mobile communications head Frank Lee during a presentation on the eve of the Consumer Electronics Show (CES) in Las Vegas. “I’ve carried one for the last couple of weeks and I have never had more people stop and ask me about a device I was carrying,” said David Owens, vice president of product at Sprint.
Hong Kong movie mogul Run Run Shaw dies at age 107
HONG KONG (AP) — Run Run Shaw built a Hong Kong movie and TV empire that nurtured rising talents like actor Chow Yun-fat and director John Woo, inspired Hollywood filmmakers such as Quentin Tarantino and produced the 1982 sci-fi classic “Blade Runner.”
China-Japan “Voldemort” attacks up ante in propaganda war
Chinese state media warned Japan on Tuesday of an escalation in the war of public opinion after both countries compared each other to Lord Voldemort, the villain in the Harry Potter stories, in a tit-for-tat diplomatic spat. Japanese Prime Minister Shinzo Abe’s December 26 visit to Tokyo’s Yasukuni Shrine, where Japanese leaders convicted as war criminals are enshrined along with other war dead, infuriated China and South Korea and prompted concern from the United States, a key ally.
China’s travel booking leader Ctrip acquires overseas tourism site ToursForFun for over $100 million
Ctrip (NASDAQ:CTRP), the most popular site in China for booking flights and hotels, is shelling out over $100 million to make Chinese site for overseas travel ToursForFun part of its North American branch, according …
Run Run Shaw, father of the kung fu film, dies aged 106
Run Run Shaw, the billionaire film pioneer hailed as the inventor of the kung fu genre and who launched a media empire that stretched from Hong Kong to Hollywood, died Tuesday at the age of 106. The colourful mogul, whose flagship Shaw Brothers Studio helped shape Asian cinema in the 20th century and influenced the films of directors such as Quentin Tarantino, passed away at his home in Hong Kong. Hong Kong’s chief executive Leung Chun-ying, leader of the city of seven million people, praised Shaw’s legacy. “Sir Run Run Shaw has for a long time promoted the entertainment industry in Hong Kong, his philanthropy also has spread from Hong Kong to China and beyond.
I AM NOT IN PRISON SAYS ARTIST DANIEL OF GEMENA
Artist Daniel Tegegn: I am not in prison and am working on my new movie Artist Daniel Tegegn who is known for his role in the ETV’s series drama named ‘Gemena’ discredits rumors circulating by some online media outlets that he is imprisoned. On an interview he gave to the local magazine, Kalkidan, he said […]
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Read More →Ethiopia launches campaign to cut road traffic accident
 newbusinessethiopia MR. FRANCIS AGBONLAHOR, MANAGING DIRECTOR OF BETA BREWERY SPEAKING AT LAUNCHING CEREMONY OF SHOOM SHUFAIR CAMPAIGN HILTON, ADDIS JANUARY 3, 2014 – PHOTO: NEWBUSINESSETHIOPIA.COM Diageo, owner of Meta Abo Brewery in Ethiopia and owner of hundreds of alcoholic and non-alcoholic drink brands globally, launched “Shoom Shufair don’t drink and drive campaign. Currently the number […]
Read More →Teddy Afro will Sue Tigest Geme(Oromo First Genocidal Activist) for defamation
Tigest Geme is known for her extreme hate for Ethiopians specifically to Orthodox Christians.She is one of Jawar’s follower and Oromo first Genocidal activist and currently resides in Portland. Tigist has falsified and fabricated defaming Teddy Afro. Thus, it is imperative for Teddy Afro to take on the needed legal action against such extremists. This also […]
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