Gionee Declares Bankruptcy, Enters Liquidation - Phones -

We have some good news and some bad news about Gionee. The good news is that one day there may be a movie about what happened. The bad news is that the company has officially entered bankruptcy.

A court in Shenzhen has accepted the application for liquidation bankruptcy by Huaxing Bank. This may still turn into a company reorganization – Gionee hired restructuring consultants last week. Founder Liu Lirong thinks that the company can turn its fortunes around in 3-5 years.

However, Gionee owes a total of CNY 20.2 billion (around $3 billion) to 648 creditors. About half of the debt is to banks. Earlier this year the company failed to pay suppliers. Ad agencies haven’t been paid either.

Man Utd boss hails 'match-winner' Greenwood after sensational FA Youth Cup hat-trick..Great kid

The electrifying striker netted a stunning treble to knock out five-time defending champions Chelsea, and Neil Ryan is thrilled with his progress

Manchester United’s Under-18s head coach Neil Ryan hailed Mason Greenwood a ‘match-winner’ after his stunning hat-trick in the historic FA Youth Cup win over Chelsea on Monday, but insists that the youngster has a long way to go. 

Greenwood’s treble led United to a 4-3 victory which ends Chelsea’s record-equalling five-year reign as Youth Cup winners, and while his boss was full of praise for the 17-year-old’s impact he was also keen to keep a lid on the hype surrounding the striker. 

DJ Avicii, who died at just 28, leaves his entire £20million fortune to his parents

Swedish DJ Avicii, who was one of the world's biggest dance music stars and disk jockeys left his entire £20million fortune to his parents.

The World-famous DJ, whose real name was Tim Bergling, was found dead in Muscat, Oman in April this year. 

Following his death, his family revealed in an open letter that the 28-year-old 'could not go on any longer and wanted peace'. 

Now, legal documents filed in his native Sweden have revealed he left his entire £20million fortune to his parents.

Manchester United Youth Team Ends Chelsea’s FA cup run...great news

15 Things Buhari Said In His 2019 Budget Presentation Speech - Politics -

President Muhammadu Buhari has proposed a budget of N8.83 trillion for 2019.

The president presented the budget at a joint session of the National Assembly on Wednesday.

Here are the fifteen things he said in his speech:

1.Today, we will review economic development over the last three-and-half years with emphasis on 2018. We will also highlight the budget for 2019

2.The last three-and-half years have been challenging both home and abroad. Both oil and non-oil markets have been volatile. There have been disruptions in oil production in the country.

3.However, we have cause to be optimistic about the future. The economy has recovered from recession. We have done more work with less resources in Agriculture, Social Development and Infrastructure.

Full Breakdown Of 2019 Budget Presented By President Buhari - Politics -

PoliticsNGR has been furnished with a transcript of President Muhammadu Buhari's speech as he presented the 2019 Budget before the two chambers of the National Assembly today.

Read it below;

OVERVIEW OF ECONOMIC DEVELOPMENTS

3.             The last three and a half years have been challenging both at home and abroad.  Commodity prices, both oil and non-oil, have been volatile.  Global trends, be it security, trade or politics have also been unpredictable. Here in Nigeria, we have had to cope with disruptions in oil production and exports, security challenges and devastating floods.

4.             Through hard work, and by the special grace of God, we have weathered these storms and made progress on many fronts which is why we have cause to be optimistic about the future.

5.             The economy has recovered from recession and we have had six quarters of growth since then.

6.             We have done more work with less resources in agriculture, infrastructure and social investments.  We have built better understanding between the Federal Government and the States on non-partisan lines, in particular, intervening several times to support States to meet their obligations including the payment of salaries and pensions. 

7.             Sustained development is difficult, if not impossible, in an atmosphere of insecurity and poor governance.   We have therefore made strenuous and successful efforts to overcome the insurgency in the North-East and to resolve inter-communal misunderstandings elsewhere.

History As Ameachi, Lawmakers Test Run 32km Segment Lagos-ibadan Rail (pics) - Politics -

It was a mere 50-minute ride, yet it was historic in many ways.

The first standard guage rail line between Lagos, Nigeria’s business headquarters, and Ibadan in the heart of the Southwest was test run.

The 36-kilometre journey was the result of a project that began in June 2017.

Leading the group of select passengers was Minister of Transportation Rotimi Amaechi. The 150km per hour speed will be realised early next year when the job is completed. It is comfortable inside the rail car.

The minister had, during his routine visit on December 4, insisted he must ride a rail car on the tracks by December 18.

Belgium's Prime Minister, Charles Michel resigns amid migration row

Belgian Prime Minister Charles Michel has offered his resignation just days after one of his main coalition partners quit in a row over migration. Michel lost the backing of the nationalist New Flemish Alliance (N-VA) over his support for a UN migration deal signed in Marrakesh last week.  

He announced his intention to resign after opposition parties refused to support his minority government.  Mr Michel told King Philippe of his decision late on Tuesday. The king has yet to announce whether he will accept the resignation.  

Belgians were due to go to the polls in May and the king will meet party leaders on Wednesday to decide whether there is any support for early elections.