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Showing posts from December 19, 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...
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Apapa-Wharf Road reconstruction only 10% completed.

The Apapa-Wharf Road reconstruction in Lagos State has achieved only 10 per cent completion, an official of the Federal Ministry of Power, Works and Housing (FMPWH), has said. Mrs Olukorede Keisha, an FMPWH engineer supervising the project, said on Tuesday at the project site that presence of gas pipes and other public utilities in the road’s Right of Way (RoW) delayed the project execution. The engineer spoke in an interview with the News Agency of Nigeria (NAN). She said that the contractors handling the project had, however, resolved the problem. Keisha said that 200 metres of concrete road and 230 metres of drains had been constructed on section one of the project. “The project is about 10 per cent completed; we finished 230 metres of drain and 200 metres of concrete road on section one. “We have about four layers of road to make the pavement rigid; the road thickness is 600mm,’’ she said. She said that the project had four sections. Keisha told NAN that ...
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Samsung’s new A8 and A8 Plus devices feature a dual selfie camera.

Samsung has announced the latest Galaxy A models: the A8 and A8 Plus. The A8 has a 5.6-inch AMOLED display, while the A8 Plus is the same but larger, at six inches. Both new devices feature a 16MP and 8MP F/1.9 dual front camera, a 16MP F/1.7 rear camera, an infinity display, a display ratio of 18.5:9, and 32GB or 64GB storage that’s expandable up to 256GB with a microSD card. The A8 comes with 4GB of RAM, while the A8 Plus comes with both 4GB or 6GB of RAM. It’s also dust and water resistance and compatible with Samsung Pay. The devices are the first in Samsung’s A series to support Gear VR. It’s interesting to note that the dual camera is placed at the front rather than the back like the Galaxy Note 8. Samsung says users can switch between the two cameras depending on the type of selfie you want — from close-ups, to portrait shots with a clear, crisp background. Samsung notes that the Live Focus features also allows you to adjust the bokeh effect before or after a picture is taken...
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Osinbajo says federal, states partnership crucial to national development.

Vice President Yemi Osinbajo says the collaboration of the Federal and state government is crucial to achieving development plans of the country. He stated this on Tuesday at the retreat of the Secretary to the Government of the Federation with Secretaries to the State Governments held in Abuja. He noted that the business of governing needs innovations to tackle complex challenges, adding that the two tiers of government were in a better situation to resolve them through partnership. “But despite the important initiatives and decisions of NEC, we will achieve little if we do not have relevant state government agencies actively working with the federal government to implement them. “So, the role of the SGFs is clearly central to cascading the action points and conclusions to the relevant MDAs in their states. “And this is so, whether we are implementing the federal government’s fertilizer policy or the anchor borrowers scheme in the states.’’ He said that one of t...
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Unbelievable! US declares North Korea the culprit behind devastating WannaCry ransomware attack.

The US has declared North Korea the perpetrator of the  widespread and financially devastating WannaCry ransomware cyberattack  that rapidly spread across the globe in May, hitting hospitals, companies, and other critical institutions in countries around the world. The announcement came in the form of an  op-ed in  The Wall Street Journal   authored by President Donald Trump’s Homeland Security Advisor, Thomas Bossert. News of the administration’s announcement was  reported earlier today by  The Washington Post , which reports that the White House will be issuing a formal statement tomorrow. It was  reported back in June  that the US National Security Agency was in possession of evidence that pointed to North Korea. Bossert’s op-ed publicly confirms the NSA’s findings with support from evidence gathered by foreign governments, independent cybersecurity firms, and corporations directly hit by the attack. “We do not make this allegation li...
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HMS Queen Elizabeth: Leak found on new aircraft carrier.

The UK's new aircraft carrier, HMS Queen Elizabeth, is leaking because of a faulty seal. The Royal Navy's future flagship, which was commissioned by the Queen earlier this month in Portsmouth, has a problem with one of its propeller shafts. The fault on the £3.1bn carrier was first identified during sea trials. A Royal Navy spokesman said the ship was scheduled for repair and the fault did not prevent it from sailing again early in the new year. According to the Sun newspaper,  HMS Queen Elizabeth has been taking on up to 200 litres of sea water every hour  because of the fault. BBC defence correspondent Jonathan Beale said the problem was "highly embarrassing" for the Royal Navy and just one of a number of snags still to be rectified. A Royal Navy spokesman said: "An issue with a shaft seal has been identified during HMS Queen Elizabeth's sea trials; this is scheduled for repair while she is alongside at Portsmouth. "It does not prevent...
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