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Showing posts from January 12, 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...

Five interesting technology trends for 2018.

(FILES) This file photo taken on March 20, 2017 shows a robot interacting with visitors at the Soft Bank robotics stand at the Cebit technology fair in Hanover, Germany. Technology has long impacted the labor force, but recent advances in artificial intelligence and robotics have heightened concerns on automation replacing a growing number of occupations including highly skilled or “knowledge-based” jobs. PHOTO: Odd ANDERSEN / AFP It does not really count if you are a tech enthusiast or an ordinary consumer, you will always look forward to the tech developments especially the tech trends that will make a difference in the future or New Year. Jumia Travel, the leading online travel agency, highlights 5 technology set to define 2018. Artificial Intelligence Artificial intelligence (AI) will be bigger this year. More and more organisations will embrace AI which is made possible through machine learning algorithms and will be incorporated in uncountable applications. 5 Gener...

Operators doubt 30% broadband penetration target for this year.

Telecommunications operators that are expected to deploy telecom infrastructure for the realization of government broadband penetration target of 30% by the end of this year have described the target as a mere wish. They explained that the operating environment and policies of government in relation to deployment and protection of telecommunications infrastructure does not encourage investment. Engr. Gbenga Adebayo, chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), expressed concern over issues of interference by state government agencies and their consultants in shutting down base stations of operators as well as lack of strong will on the part of federal government in driving stakeholders to bring about stability in the industry. “How can you achieve 30 percent broadband penetration when efforts that are supposed to be channel to network optimization are used in repairing shut down towers by state government agencies. As I’m talking with you n...

Messi puts on masterclass for watching Coutinho.

Barcelona’s Argentinian forward Lionel Messi controls the ball during the Spanish Copa del Rey (King’s Cup) round of 16 second leg football match FC Barcelona vs RC Celta de Vigo at the Camp Nou stadium in Barcelona on January 11, 2018. / AFP PHOTO / LLUIS GENE Lionel Messi put on a masterclass in front of new recruit Philippe Coutinho as Barcelona trounced Celta Vigo 5-0 Thursday to ease into the Copa del Rey quarter-finals 6-1 on aggregate. Coutinho, dressed in a black shirt dotted with white stars, was in the stands at the Camp Nou for the first time since his 160 million-euro ($192 million) move from Liverpool. It didn’t take long for the Brazilian star to appreciate the playing riches on show on the pitch. “The first half was extraordinary,” said Barca coach Ernesto Valverde. Level at 1-1 after the first leg, the three-time defending champions were 4-0 up by half-time. Messi grabbed the opening two goals in the 13th and 15th minutes, both finished with...

Election timetable: Analysts urge politicians not to lose focus on governance.

Some political analysts on Friday urged elected persons not to lose focus on governance as the Independent National Electoral Commission (INEC) released timetable for 2019 general elections. Some of the analysts told the News Agency of Nigeria (NAN) in separate interviews in Abuja that it was wrong for politicians to pay less attention to governance whenever timetables for elections in the country were released. An analyst, Malam Nasir Karu, said that though it would afford political parties enough time to prepare, “there could be negative implications’’. According to him, politicians pay less attention to governance and focus more to schedule of activities for the elections whenever timetables are out. He said “for instance, Abuja-based politicians would be travelling to meet with stakeholders and governors in various states, while governors and other political officer holders would also engage in consultations with party stalwarts and the electorate. “There woul...

Trump cancels London trip for embassy opening.

US President Donald Trump announced Friday he will no longer attend the opening of the new US embassy in London, , a move welcomed by critics in Britain who had planned mass protests. He wrote on Twitter that he was abandoning the trip — initially scheduled for next month — because he did not like the location and price tag of the new building. “Reason I canceled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for “peanuts,” only to build a new one in an off location for 1.2 billion dollars,” Trump wrote. “Bad deal. Wanted me to cut ribbon-NO!” Trump has also been offered a state visit to Britain, and Prime Minister Theresa May’s office said Friday that nothing has changed, although no date has been set. There had been strong opposition to the invitation, at first over Trump’s travel ban on Muslim-majority countries, and then most recently his re-tweet of a far-right organisa...

Togo’s opposition takes anti-government protests into new year.

Opposition parties in Togo this weekend hold their first anti-government protest of the year, with progress on constitutional reform in an apparent stalemate after months of action. Thousands of supporters from a coalition of 14 parties are expected to turn out on Saturday, to renew calls for President Faure Gnassingbe to step down. A second protest exclusively for women has been organised for January 20. The parties want a change to the constitution to restrict presidents to a maximum of two, five-year terms of office, plus the introduction of a two-round voting system. Gnassingbe, who has been in power since 2005 and took over from his father who ruled the country for 38 years, has proposed the amendment. But it has been rejected because the measure is not retroactive, which would leave Gnassingbe free to contest the next two elections scheduled for 2020 and 2025. In his New Year message, Gnassingbe said dialogue was “the preferred way of resolving disagreement...

Africa’s most expensive player, Bakambu joins Mikel in China.

illarreal striker, Cedric Bakambu, has snubbed a move to the Premier League to join Chinese Super League club Beijing Guoan in a record-breaking deal worth £65million.The 26-year-old has agreed a long-term contract worth a reported £307,000 a week, despite interest from Tottenham, Newcastle, West Brom and West Ham. When it becomes official, Bakambu’s move will make him the most expensive African player of all time ahead of Liverpool’s £39m man Mohamed Salah. RB Leipzig midfielder Naby Keita is also set to jump ahead of Salah when he completes his move to Anfield for a fee in excess of £48m this summer. But he will not cost more than Bakambu after Beijing Guoan agreed to meet his £35m release clause – and pay another £30m in taxes to their country’s football association. The Chinese FA introduced the shock rule in May last year in a bid to stop the huge influx of foreign stars and promote their own young players. But that has not prevented the Chinese Super League side,...

HAZARD SAYS HE WILL SIGN NEW CONTRACT WITH CHELSEA, BUT ONLY AFTER COURTOIS.

The attacker says he will ink a new deal with the Blues, but only after his team-mate has signed his own extension Chelsea star Eden Hazard has offered new hope to fans that he will sign a new contract with the Blues, but still claims team-mate Thibaut Courtois will be the first to get an extension.  Hazard has been consistently linked to Real Madrid, with reports on Thursday even suggesting that he had agreed a move to Spain.  But the winger,  who took in the NBA clash between the Boston Celtics and Philadelphia 76ers in London on Thursday along with a host of other big names , has once again hinted at a new deal with Blues, pouring cold water on some of the rumours about his future.  RELATED HAZARD 'SECRET' HINTS AT NEW CHELSEA CONTRACT AMID REAL MADRID RUMOURS WENGER STILL RILED BY HAZARD PENALTY AWARD THORGAN HAZARD EMERGING AS BUNDESLIGA STAR AT GLADBACH GRIEZMANN AND DRAXLER OUT WITH ARSENAL STARS TO TAKE IN NBA ACTION ...