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Showing posts from January 2, 2018

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...

Israel: African migrants told to leave or face imprisonment.

The Israeli government has issued a notice for thousands of African migrants to leave the country or face imprisonment. The migrants will be given up to $3,500 (£2,600) for leaving within the next 90 days. They will be given the option of going to their home country or third countries. If they do not leave, the Israeli authorities have threatened that they will start jailing them from April. The UN refugee agency said the controversial plan violated international and Israeli laws. Israel's unwanted African migrants The Israeli government says their return will be humane and "voluntary". The order exempts children, elderly people, and victims of slavery and human trafficking. Image copyright GETTY IMAGES Image caption People from Eritrea and Sudan make up a significant number of migrants in Israel A spokesperson for Israel's Population and Immigration Authority told the BBC there were currently 38,000 "infiltrators" in Israel, of whom just 1...

NCC admits 2017 tough for telecoms sector’s growth.

With four days left for 2017 to go, it has been a tough year for Nigeria’s telecommunications sector. Admitting this, the Nigerian Communications Commission (NCC) is hoping for a more robust and rewarding 2018. Speaking in Lagos, at a post-event interview, the Director of Public Affairs, NCC, Tony Ojobo, admitted that 2017 has been full of challenges for telecoms expansion. Ojobo, who recently bagged the Nigerian Institute of Public Relations Presidential Award, said apart from the fact that the NCC had to cope with managing issues that emanated from unsolicited SMS, the regulator also had to contend with problems operators faced in the deployment of Base Transceiver Stations (BTS) across the country. He said that the commission was not oblivious of extant bottlenecks in the industry, adding that NCC’s efforts to curtail them will be more visible next year when the challenges would have lessened in effects. According to him, it was some of these challenges that ma...

Wenger charged by FA over West Brom outburst.

Arsenal manager Arsene Wenger has been charged by the Football Association (FA) over his conduct following the 1-1 draw with West Bromwich Albion on Sunday English football’s governing body announced Tuesday. The 68-year-old Frenchman reacted furiously to referee Mike Dean’s decision to award a penalty to West Brom in the 89th minute for handball by Calum Chambers.   The FA said the charge against Wenger was for his conduct in the match officials’ dressing room after the final whistle — he has till 1800GMT on Friday to respond to the charge. Wenger did not sound repentant earlier on Tuesday at his press conference on the eve of their game with Chelsea. “It was very disappointing,” Wenger said. “What is more frustrating for me is it happened many times this season — at Stoke, Watford, Man City, now West Brom. “It is a concerning coincidence for me. “That is why as well I was not at all happy with the move...

Petrol scarcity: Buhari summons stakeholders.

Presidency on Tuesday in Abuja summoned critical stakeholders in the nation’s oil sector and the leadership of security agencies in the country to end the scarcity of petrol in the country. The News Agency of Nigeria (NAN) reports that the meeting, presided by the Chief of Staff to the President, Alhaji Abba Kyari, is being held behind closed doors. The meeting is also being attended by the Minister of Petroleum, Mr Ibe Kachikwu, Director-General of the Directorate of State Service (DSS), Lawal Daura, and the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC). Maikanti Baru. Others attending the meeting are the Comptroller-General of Immigration, Alhaji Muhammed Babandede, some presidential aides and other stakeholders in the oil industry. President Muhammadu Buhari had on Jan. 1, during a nationwide broadcast, expressed sadness over the unnecessary hardships inflicted on Nigerians during the Christmas and New Year celebrations followi...

Federer cruises towards Australian Open with another Hopman Cup win.

Roger Federer took another impressive step towards his Australian Open title defence on Tuesday with a straight-sets win over Russian Karen Khachanov at the mixed teams Hopman Cup, as many of his main rivals faltered due to injury. Around the time Federer was warming up for his match with the 45th-ranked Russian, Andy Murray announced he was pulling out of the Brisbane International, while Novak Djokovic a few days earlier withdrew from his season opener in Abu Dhabi. Rafael Nadal, Stan Wawrinka, Milos Raonic and Kei Nishikori are also under injury clouds, while world number eight Jack Sock succumbed to a hip problem earlier in the day in Perth, forcing him to retire from his singles match. But there were no such dramas for the elder statesman Federer, who 12 months ago stunned the tennis world by ending an almost four-year Grand Slam drought with a victory at the Australian Open, after also preparing at the Hopman Cup. The 36-year-old was too good for Khachanov, mak...

Nine dead as fresh protests hit Iran.

Nine people were killed as fresh unrest hit Iran overnight, state television said Tuesday, with protesters trying to storm a police station despite attempts to crack down on the biggest demonstrations in years. The attack on the police station in the town of Qahderijan, in the central province of Isfahan, led to violence that claimed the lives of six protesters, the state broadcaster reported. A young member of the Revolutionary Guards and a passer-by were also reported dead in towns near the cultural hub of Isfahan city, while TV had earlier confirmed the death of a policeman in nearby Najafabad, shot dead with a hunting rifle. That brings the estimated death toll to 21 in five days of unrest that represent the biggest challenge to the Islamic regime since mass demonstrations in 2009. Protests remain focused on provincial towns and cities, with only small and sporadic protests reported in Tehran on Monday evening where a heavy police presence was reported. The lat...