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Showing posts from December 27, 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...

Venezuela sets caps on gasoline purchases.

Venezuela on Tuesday set limits on gasoline sales in the country’s west to undercut smuggling that it blames for short supplies in recent days. Passenger cars were limited to a maximum of 30 liters and trucks to 35, said a statement from the oil ministry, without specifying a time period for the limit. Venezuela, which has the world’s largest proven crude oil reserves, heavily subsidizes its gasoline prices, making smuggling to neighboring Colombia a big business. The move was aimed at stopping people from the states of Barinas, Portuguesa, Apure, Lara and Cojedes, from filling up repeatedly to sell the fuel in Colombia, the statement said. Venezuela’s government-led economy is in crisis and supplies of food and medicine have become alarmingly scarce.

Ivorian ex-minister convicted over attack that killed 18.

A former Ivorian minister was sentenced to 20 years in prison on Tuesday for complicity in a 2012 attack in western Ivory Coast that killed 18 people, including seven UN peacekeepers. Hubert Oulaye, 64, ex-public works minister under former president Laurent Gbagbo, “provided the financial means to establish a rebellion in the west” of the country, the attorney general said.   “The accomplice is sometimes more dangerous than the perpetrator,” she added. Oulaye dismissed the verdict as a “political conviction” and returned home while his lawyers vowed to appeal the decision. The attack happened as Ivory Coast was reeling from violence caused when Gbagbo refused to step down after losing presidential polls to current leader Alassane Ouattara. Gbagbo is currently on trial at the International Criminal Court in The Hague for alleged crimes against humanity committed during the crisis, in which 3,000 people were ki...

More than Messi, record-breaker Kane eyes getting better.

Harry Kane insists he still has room for improvement after the Tottenham striker’s treble set a Premier League record and took him above Lionel Messi to finish as Europe’s leading scorer. Kane’s 22nd-minute header in Tuesday’s 5-2 win over Southampton at Wembley was his 37th goal of the year, moving him past Alan Shearer’s previous Premier League record, which was set when he played for Blackburn in 1995. But Kane wasn’t happy to settle for that milestone and he scored twice more to claim his eighth treble of the year. His second goal took him to 55 for club and country in 2017 — lifting him above Barcelona great Messi to become Europe’s top-scorer over the last 12 months in the five major countries (England, Spain, Italy, Germany and France). Messi, who has 54 goals this year, can’t catch Kane as Barcelona don’t play again until 2018. To sum up the magnitude of the achievement, it’s the first time either Messi or Real Madrid’s Cristiano Ronaldo have not led the wa...

NITDA, Microsoft sign MoU to strengthen local ICT innovation, adoption.

The National Information Technology Development Agency (NITDA) and Microsoft Nigeria have signed a Memorandum of Understanding (MoU) to strengthen Information and Communications Technology (ICT) Innovation and adoption in the country. The partnership will see both NITDA and Microsoft collaborate in ICT development, particularly in the areas of cloud policies, data protection and privacy laws and data classification frameworks. NITDA mandate is to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation and regulation of Information Technology practices in Nigeria. The Nigerian Government priorities include anti-corruption drive, security; private sector led economic growth and job creation, youth training and skills development. Technology will be at the heart of driving and building a digital economy which will bring these priorities to fruition. Speaking on the collaboration, NITDA’s Director-Ge...

Dangote Truck Hits Man In Kwara State Leaving Him Injured (Disturbing Photos) .

According to reports, this unknown man was brought to General Hospital in ilorin, Kwara state yesterday by Federal Road Safety Corps FRSC officials on patrol without any identity on him as to locate his relatives. According to the FRSC officials who brought him to the hospital said he was hit by Dangote truck at AMTI in idofian, Kwara state. If anyone knows him or his relatives, he or she should notify them of his situation.

Hundreds risk lives in Morocco ‘mines of death’.

They call them “the mines of death”. In the neglected northern Moroccan mining city of Jerada, hundreds of people risk their lives every day to scrape a meagre living from perilous abandoned coal pits. Last week, two brothers died in a tunnel accident, 85 metres (90 yards) below ground, sparking days of mass protests in the impoverished city. Abderrazak Daioui, who was with the brothers, narrowly escaped the same fate. “Houcine and Jedouane were just below me,” the 22-year-old said. “One of them dug horizontally and hit a water well. We were flooded. I hung on my rope and managed to get back up. They weren’t so lucky.” Living in a modest, unfinished house, Abderrazak works to support his wife and daughter, his six brothers and his 80-year-old father — himself a former miner. “There is no alternative, no work. That’s why I risk my life,” Abderrazak said. Earning as little as 100 dirhams ($11, nine euros) per day, he has worked in the mines for over three years. ...

Counting under way in Liberia presidential run-off.

Vote counting was under way in Liberia on Wednesday following a peaceful run-off election for a new president, pitting former international footballer George Weah against Vice-President Joseph Boakai. Voters were choosing a successor to President Ellen Johnson Sirleaf, who is stepping down after 12 years as Africa’s first elected female head of state. Results of Tuesday’s vote are expected in a few days, in what would be the West African country’s first democratic transition since 1944, according to electoral officials. The ballot was delayed for seven weeks due to legal challenges lodged by Boakai’s Unity Party against the electoral commission over the conduct of the first round of voting, but many of the complaints appeared to have been addressed in the second round. The Liberia Elections Observation Network, which had more than 1,000 observers stationed across the country, hailed a vote it said had passed calmly with better organisation than the first poll on Octo...