Wanda Group becomes the largest sports operating company in the world

Dalian Wanda Group Co., Ltd. (“Wanda”), one of the leading Chinese private conglomerates, has reached an agreement to acquire 100% of the World Triathlon Corporation (WTC) for $650 million. The acquisition by Wanda heralds yet another landmark investment in the sports sector following Infront Sports & Media and Atletico Madrid. Continue reading Wanda Group becomes the largest sports operating company in the world

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Fly Emirates – United Arab Emirates – A380

The airline is a subsidiary of The Emirates Group, which is wholly owned by the government of Dubai’s Investment Corporation of Dubai. It is the largest airline in the Middle East, operating over 3,300 flights per week from its hub at Dubai International Airport, to more than 148 cities in 78 countries across six continents. Cargo activities are undertaken by Emirates SkyCargo. Continue reading Fly Emirates – United Arab Emirates – A380

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MRJ (Mitsubishi Regional Jet) from Japan

The Mitsubishi Regional Jet, or MRJ for short, is a twin-engine regional jet aircraft seating 70–90 passengers manufactured by Mitsubishi Aircraft Corporation, a partnership between majority owner Mitsubishi Heavy Industries and Toyota Motor Corporation[7] with design assistance from Toyota affiliate Fuji Heavy Industries, already a manufacturer of aircraft. It will be the first airliner designed and produced in Japan since the NAMC YS-11 of the 1960s, which was produced at a loss. Continue reading MRJ (Mitsubishi Regional Jet) from Japan

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DF-ZF : China’s Hypersonic nuke weapon

China’s new DF-ZF hypersonic glide vehicle is a nuclear strike weapon, according to the Pentagon. China has conducted five tests of the DF-ZF since last year, an indication it is a high-priority weapons system. China’s Defense Ministry has confirmed tests of the weapon, saying only it is an experimental system. Continue reading DF-ZF : China’s Hypersonic nuke weapon

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China state-owned firm to build $15 billion chip plant

A state-owned Chinese company said Friday it plans to pour nearly $15 billion (roughly Rs. 98,650 crores) into a giant memory chip factory, as Beijing seeks to create homegrown semiconductor champions to reduce reliance on foreign technology. Continue reading China state-owned firm to build $15 billion chip plant

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China to Build Nuclear Power Plant in Argentina

BEIJING, November 5, SinoCast — Argentina and China have ended talks for building fourth nuclear power plant in Argentina, making important progress. Local government said that they have also reached framework agreement for building fifth nuclear power plants. Talks for fourth nuclear power plant have ended for both sides to ink formal agreement. Nucleoelectrica Argentina and CNNC represented two nations talking for three weeks. The fourth nuclear power plant will cost USD 5.994 billion, including 62% from Argentina and 38% from China. Continue reading China to Build Nuclear Power Plant in Argentina

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Chinese Chip Maker Tsinghua Unigroup to Buy Stake in Taiwan’s Powertech

(WSJ) Chinese state-owned chip maker Tsinghua Unigroup Ltd. continued its overseas investment spree, striking a deal for a $600 million stake in Taiwan’s Powertech Technology Inc. Continue reading Chinese Chip Maker Tsinghua Unigroup to Buy Stake in Taiwan’s Powertech

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Huawei Marine to Deliver 6,000KM CBCS Subsea Link

Huawei Marine has informed it will construct the Cameroon-Brazil Cable System (CBCS), connecting Africa to Latin America.

The project is invested by CamTel and China Unicom. Telefónica will support the initiative providing its international facilities and experience.

CBCS, which is approximately 6,000 km long, will cross the south Atlantic sea connecting Kribi in Cameroon to Fortaleza in Brazil.

The link will have an initial system capacity of 32 Tbps with 4 fiber pairs and come into service at the end of 2017.

Huawei Marine said it will deploy its 6fp submarine Repeater 1660, which boasts a slim-line profile to allow direct lay and plough burial.

David Nkoto Emane, General Manager of CamTel, Lu Yimin, President of China Unicom, along with representatives from Telefónica and Huawei Marine gathered in Yuande, Cameroon, last October 14 to seal the agreement on CBCS.

David Nkoto Emane, said: “At present, when international data from mainland Africa transmits to America it is forced to divert to Western Europe first before going to America. However, the CBCS will provide a direct route from Africa to America, as well as provide Cameroon, Brazil and other neighboring countries with a high capacity, reliable and fast transmission channel.”

Lu Yimin, said: “Africa and Latin America are strategic emerging regions for our global business. China Unicom is very pleased to partner with CamTel, Telefónica and Huawei Marine to build this high speed and low latency infrastructure to connect Africa and Latin America. Not only will it help meet the increasing demand for local internet access, it will also improve our service to Chinese enterprises which have entered into the African and Latin American markets.”

“Telefónica as the leading Digital Telco in Latin America brings into the project its existing national and international facilities, years of local experience and future commitment. We are delighted to partner with China Unicom and CamTel to jointly provide facilities, and extensions for CBCS. The CBCS will offer a new reliable route in the South Atlantic enabling us to provide a better secure service to our customers”, said Juan Revilla, CEO Wholesale Business Unit in Telefónica Business Solutions

“Huawei Marine is very honored to be building the trans-Atlantic CBCS submarine cable. Thanks to our industry leading 100G technology and innovative products, we are well positioned to provide our customers with high-speed reliable and secure networks,” said Mike Constable, the CEO of Huawei Marine. “Having delivered more than 20 submarine cable projects in the past six years, our experience demonstrates we have the capability and confidence to meet our customer’s requirements in both system design and delivery.”

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Overview of Economy Growth of the European Union

The economy of the European Union generates a GDP (nominal) of about €14.303 trillion (US$18.451 trillion in 2014) and a GDP (PPP) of about €12.710 trillion (US$16.773 trillion in 2014) according to International Monetary Fund, which makes it the largest or second largest economy in the world respectively if treated as the economy of a single country depending on a source used.

The European Union (EU) economy consists of an internal market and the EU is represented as a unified entity in the World Trade Organization (WTO).

See here the detailed Overview

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