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Chinese property giant Evergrande fined $576 mn for 'fraud'
Chinese property giant Evergrande fined $576 mn for 'fraud'
Economy
by  AFP

China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday. The CSRC said it had also imposed a maximum fine of $6.5 million on Evergrande founder Xu Jiayin, also known as Hui Ka Yan, banning him from the securities market for life.

African tech startups cater to continent's needs
African tech startups cater to continent's needs
Technology
by  AFP

African startups, addressing overlooked needs, are putting the spotlight on a burgeoning tech scene, despite challenges like inequality and limited digitalisation. But significant inequality plagues the continent, characterised by widespread lack of digitalisation and a challenging financial environment.