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...

Boko Haram: UN allocates N4bn for life-saving aid in Northeast.

The UN says it has allocated 11 million dollars (about N4 billion) to help 60,000 internally displaced people in Borno and other humanitarian operations in North-east Nigeria.
The UN Office for the Coordination of Humanitarian Affairs (OCHA) said nine billion dollars (about N3.2 billion) would be used to provide life-saving aid for some 60,000 people displaced by ongoing Boko Haram crisis in Borno.
The UN relief agency explained that the money was an allocation from the UN-managed country-based humanitarian assistance fund.
The UN quoted Mr Edward Kallon, the UN Humanitarian Coordinator in Nigeria, as saying: “The crisis continues to displace thousands of vulnerable women, children and men every week.
“Many have gone through unspeakable hardship and the UN and its partners remain committed to help alleviate their suffering.’’
Set up through the Nigeria Humanitarian Fund (NHF), the assistance includes two million dollars (about N720 million) in support to the UN Humanitarian Air Service for frontline responders in the region.
“This UN fund give us the flexibility to prioritise those who are most in need of aid and act swiftly for the good of the people of north-east Nigeria,” Kallon said.
The UN said the North-east region’s humanitarian crisis, sparked mainly by Boko Haram’s years-long insurgency, remained one of the most severe globally.
“In the worst-affected states of Borno, Adamawa and Yobe, at least 7.7 million people are in need this year, with about 80 per cent, or 6.1 million, targeted for humanitarian assistance.
“The nine million dollars allocation will help fund 15 projects supporting humanitarian rapid response in areas affected by large-scale conflict-related displacements, particularly in the northern parts of Borno, along the Maiduguri-Monguno axis.
“In just three months, the close to 30,000 people who have fled violence in hard-to-reach areas are in dire need of food, water, shelter, clothes and medical services.
“Additionally, the funds will help scale up the response near the border with Cameroon in eastern Borno – Gwoza, Bama, Dikwa, Kala-Balge, Monguno, Askira/Uba – and northern Adamawa – Madagali – where approximately another 30,000 have arrived following military operations.
“Finally, the funds will also help maintain UN Humanitarian Air Service operations, crucial to reach and deliver aid in remote areas of the North-east, especially where roads are unusable,” the UN said.
It explained that under the leadership of Kallon, the UN Humanitarian Coordinator in Nigeria, the NHF is managed by the UN Office for the Coordination of Humanitarian Affairs (OCHA).
This is to provide flexible and timely funds for basic life-saving support, the UN said, adding to date it has raised 48 million dollars (over N17 billion) in contributions and pledges.
The NHF is one of 18 country-based pooled funds and was launched during the Oslo Humanitarian Conference for Nigeria and the Lake Chad Region in February 2017.
The contributions and pledges were realised through the generous support of Sweden, Germany, the Netherlands, Denmark, Belgium, Norway, Ireland, Switzerland, the Republic of Korea, Canada, Spain, Luxembourg, the Arab Gulf Program for Development, Malta, Azerbaijan and Sri Lanka.
Of that 48 million dollars, 33 million dollars (about N12 billion), including this latest N3.2 billion allocation – has now been allocated to various organisations in support of the humanitarian response in North-east Nigeria.

Comments

Popular posts from this blog

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...

APDA, PDP, commend INEC for “timely” release of 2019 elections’ timetable.

The Advanced Peoples Democratic Alliance (APDA) and the Peoples Democratic Party have commended the Independent National Electoral Commission (INEC) “for early release of timetable and schedule of activities for the 2019 general elections.” The political parties gave the commendation in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday. The APDA National Publicity Secretary, Mr Tosin Adeyanju, described the timetable and schedule of activities as a welcome development for political parties. Adeyanju said that the early release of the timetable would enable political parties to have enough time to prepare for the elections. He added that it had also cleared all rumours and speculations, especially date of primaries and other pre-election activities for political parties. He noted that “we in APDA believe that the timetable would afford political parties the opportunity and enough time to adequately prepare and plan for the elections. “This ...