Skip to main content

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...

Tackling unemployment via ride-hailing technology.


Adapting to local conditions, transport apps are enabling Nigerian users to cut through gridlocks while creating massive jobs on a driver-partner scheme. Ibukun Igbasan writes
One year ago, Nigeria’s Emmanuel Akpan became a driver for Taxify, a ride-sharing app that connects drivers with customers who want a ride. In that time, he said he has seen his monthly salary nearly double. The 44-year-old driver makes about 16 trips per day.“The experience has been good, especially compared with other taxis,” he said. “There’s more money, and the clientele has more trust in you.”

Taxify is aggressively expanding its African footprint. In addition to its presence in Lagos, and Abuja it is present in over six African cities and Over 30 cities accross Europe, the Middle East and Central America.A particularly inspiring story of the Taxify revolution in the country is that of Ayo Johnson.
 
Johnson was a banker with one of Nigeria’s biggest banks and was laid off in the heat of the recession in 2016. With a family of four to feed and no other source of income, he turned to Taxify. In his first week he made ₦95,000, a figure he wasn’t even making in the new generation bank where he worked.
 

“I am now able to provide for my family, keep my kids in good schools and because of the flexibility of the platform, still make it home everyday to spend time with them,” he stated.There are so many Ayos’ who for one reason or another have chosen to either supplement their income with Taxify or make Taxify their primary source of income.
 
Driver partners on the Taxify platform talked about the ease of driving, the flexible hours that makes it an option for not just the unemployed but also for the underemployed.One of the driver partners, Kehinde Adegbite, said, “I was on another ride-hailing platform before now and we were badly treated and we were down. So, the coming on board of Taxify has been awesome.
 
“It came when we were down. It has empowered us. Working with Taxify is the best for any driver partner now. The commission is just unbeatable.
 
“Taxify takes only 15 per cent commission in contrast to competitions 25 per cent and also constantly provide drivers with bonuses to further supplement their earnings.”A female driver partner, Victoria Igein, said, “I’ve been working with Taxify for a year now; it has been the only e-sharing driver’s platform I have worked with since I lost my job in Abuja as a banker and came back to Lagos. It took me a while to get my current job, which I shuffle with being a Taxify driver, but I have been able to manage both thus far.”
 
She added: “The platform has met 8/10 of my expectations as it favours drivers because they give more percentages and bonuses for working long hours, weekends and holidays. So I make as much as I need on Taxify and I haven’t ever bothered thinking of moving on to other platforms.”
 
For Chuks Izedinuor, he drove on Taxify for a week, and then decided to drive professionally after losing his job.“I can’t say so much about it for now but it has been extremely productive to work with the platform and I’d definitely recommend it to other people”, Izedinuor says.
 
Findings from a three-month research conducted by indigenous communications and public relations company, Plexus Media Interlinks Limited, showed that about 2,000 people who are out of school and seeking employment have taken to Taxify as a viable platform to be self-employed.
 
The study shows that a further one in 10 unemployed graduates are considering getting on the app to earn a living, or may have commenced the process to be signed on the platform as driver partners.”
 
With this ecosystem, Taxify has managed to create something many governments struggle with – a dignified, efficient, flexible and effective vehicle to create jobs.

Comments

Popular posts from this blog

How to Migrate from Bootstrap Version 3 to Advance Bootstrap 4.

This article would illustrate and expatiate on how to  migrate from Bootstrap 3 to Bootstrap 4 ? You’re in luck; today we’ll walk through the changes and new features between versions. The changes you need to make are generally just class renames and some set-up. To save you a lot of time scouring the changelog, I have compiled a list of the things you need to know when migrating from Bootstrap 3 to Bootstrap 4. We will start by discussing the changes made in Bootstrap 4 framework and how it will affect your website performance. Then we will examine the new way of  installing bootstrap and how the grid measurement unit  has change and how  flexbox can help on responsive designs . We will also discuss changes to some of the components and take a look what happens to JavaScript on the new version. Finally, we’ll take a look at some of the new components including cards, tooltips and flexbox. If you are getting ready to migrate a site from the old Bootst...

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...

5 Best Hacking Books of 2018.

5 Best Hacking Books of 2017 By Gabriel   On January  30, 201 8 Learning hacking has always been tough for beginners not because its very difficult, but because they do not have proper source of learning, and because appropriate guide is very essential in this field, Experts always recommend us to read books initially. So that, you can get all tutorials and guides easily from top hacking book, PDF and eBook of 2018 . Hacking is an Art of Exploitation  which can be used ethically as well as unethically, for e.g.  A hammer can be used to build or break something,  and anybody can learn this art easily with just little efforts, YES! nowadays its easy to  learn how to hack , In fact you can teach yourself or get an online training, However in any case you will definitely need books because that's the only  best way to learn hacking for beginners . Best Hacking Books of 2017 The secret of  learning hacking  more quickly and...