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Showing posts from November 29, 2017

World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...

Apple rushes to fix major password bug.

Apple has said it is working to fix a serious bug within its Mac operating system. The flaw in MacOS High Sierra - the most recent version - makes it possible to gain entry to the machine without a password, and also have access to powerful administrator rights. “We are working on a software update to address this issue,” Apple said in a statement. The bug was discovered by Turkish developer Lemi Ergin. He found that by entering the username "root", leaving the password field blank, and hitting "enter" a few times, he would be granted unrestricted access to the target machine. Mr Ergin faced criticism for apparently not following responsible disclosure guidelines typically observed by security professionals. Those guidelines instruct security experts to notify companies of flaws in their products, giving them a reasonable amount of time to fix the flaw before going public. Mr Ergin did not respond to those claims when asked on Twitter, and the BBC was...

Bitcoin crosses $10,000 milestone.

The value of one bitcoin has gone past $10,000 (£7,493). The virtual currency reached the benchmark for the first time, just days after it passed $9,000. It caps a remarkable rise in value for the crypto-currency, which was trading below $1,000 at the start of the year. Some experts believe the  asset still has far to soar , but others say it represents a speculative bubble with nothing tangible at its core that could burst any time. The total value of all the  bitcoins in existence has now  surpassed $167bn. What's behind the Bitcoin gold rush? Bitcoin first reached $1,000 in late-2013 and then dipped significantly before starting a volatile climb to its current value. It is not entirely clear what has driven the sudden rise in value, especially because the past few weeks have been marked by action by some financial regulators to limit its use. New heights One factor that may have helped was the US-based derivatives marketplace operator CME Group's an...

Viagra can be sold over the counter.

Men will no longer require a prescription to obtain the impotence drug Viagra and will instead be able to buy it over the counter at pharmacies. The decision by the UK Medicines and Healthcare products Regulatory Agency follows a public consultation. It will be up to pharmacists to judge whether men over the age of 18 can safely be sold the little blue pills. Manufacturer Pfizer hopes to get stocks of Viagra Connect (sildenafil 50mg) into UK pharmacies by spring 2018. Experts say making the medication more widely available will help men who might not feel able to visit their GP about impotence. The MHRA hopes it will stop some men buying unregulated medicines from websites operating illegally. Mick Foy, MHRA's group manager in vigilance and risk management of medicines, said: "This decision is good news for men's health. "Erectile dysfunction can be a debilitating condition, so it's important men feel they have fast access to quality and legitimate ...

Council poll indicates new direction in Kwara politics.

But for keeping to the tradition of sweeping victories for ruling parties, results of the recent Kwara State council poll, according to observations and allegations from opposition, would have been different from what was announced. The message of the election is however not lost on a “winning” party that is already making moves to address the situation. Although the November 18 local council election held in Kwara State, as usual with such exercises conducted by ruling parties in states across Nigeria, gave a verdict of sweeping victory for the All Progressives Congress (APC), the conduct and underlying tones of the exercise showed a rejection of the status quo. Indeed, the election conducted by the Kwara State Independent Electoral Commission (KWASIEC) indicated that the people might have commenced opposition to a dictatorship by a particular dynasty since the creation of the state 50 years ago. In the exercise, the people jettisoned the voting lethargy of the past and turn...

Donald Trump retweets far-right group's videos.

Donald Trump has retweeted three inflammatory videos from a British far-right group. The first tweet from Jayda Fransen, the deputy leader of Britain First, claims to show a Muslim migrant attacking a man on crutches. This was followed by two more videos of people Ms Fransen claims to be Muslim. Britain First was founded in 2011 by former members of the far-right British National Party (BNP). The group has grabbed attention on social media with controversial posts about what they deem "the Islamification of the UK". It has put up members to run in European elections and by-elections on anti-immigration and anti-abortion policies, but has yet to secure any seats. It also contested the most recent London mayoral election, receiving 1.2% of the vote. A history of Trump on Twitter Who are Britain First? What Trump team has said about Islam The original video was shared by US conservative commentator Ann Coulter who Mr Trump follows. Ms Fransen has more than ...

I have no presidential ambition, says Wike.

Governor Nyesom Wike yesterday said he had no ambition to become president of the country. He promised to remain in Rivers State and develop it.  He made the comment while commissioning the faculty of Management and Environmental Sciences which he built for the Rivers State University. “I am not going to run for vice president or president. I am going to remain in this state to develop it to amiable height.” Wike disclosed that the state government was owing N5billion in its foreign scholarship programme.He said his administration would not be forced to continue to sponsor students studying arts subjects abroad when those in the state- owned university had not been able to pay their fees. According to the governor, about $1.5billion was paid last year for final year students studying medicine. “I cannot promise to fund overseas scholarship as it is not realistic at the moment due to the dwindling revenue of the state. “If you make promise just to make people...