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Showing posts from February 26, 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...

South Africa awaits Zuma graft decision due next month.

South African state prosecutors on Monday said they would next month release their decision on whether or not to prosecute former president Jacob Zuma for corruption. Zuma faces the risk of jail over 18 criminal charges linked to 783 payments totalling four million rands ($345,000) that he allegedly received in connection with arms deals before he became president. “A decision has been made,” but the announcement will be pronounced after 14 days, Luvuyo Mfaku, spokesman for the National Prosecutions Authority (NPA), told AFP. After the two weeks, “the national director will inform the former president in writing and the parties that are involved” before going public, he said. The charges were first brought against Zuma in 2005 but dropped by prosecutors in 2009 — clearing the way for him to become president — before their reinstatement two years ago. In 2016, the High Court in Pretoria ordered that the charges be reinstated, but Zuma fought the case until losing in...

No sign Leicester ‘explosion’ linked to terror, says police.

British police said Sunday there was no indication a reported explosion and building collapse that injured at least six people in Leicester, a central English city, was linked to terrorism. “The cause of the explosion will be the subject of a joint investigation by the police and Leicestershire Fire and Rescue Service,” local police said in a statement. “We would ask that the media and public do not speculate about the circumstances surrounding the incident, but at this stage there is no indication this is terrorist related.” The apparent explosion occurred Sunday evening on a stretch of road containing commercial and residential properties close to the city centre. The electricity supply to a number of properties in the area was cut while emergency services deal with the incident, police said.   The Fire and Rescue Service said it received calls shortly after 7:00 pm (1900 GMT) from the public reporting an explosion and a building fire. It im...

Microsoft data warrant case in top US court has global implications.

Microsoft faces off with the US government before the Supreme Court Tuesday over a warrant for data stored abroad that has important ramifications for law enforcement in the age of global computing. The case, which dates back to 2013, involves a US warrant ordering Microsoft to turn over the contents of an email account used by a suspected drug trafficker, whose data is stored in a cloud computing center in Ireland. It has been watched closely because of its implications for privacy and surveillance in the digital age, and specifically how law enforcement can reach across borders to obtain digital evidence that may be scattered across the globe. Microsoft has maintained that US courts lack jurisdiction over the data stored in Ireland. The US tech giant, backed by many firms in the sector and civil liberties groups, argues the case is critical in showing that American authorities cannot simply request such data via a warrant without going through the process set out ...

Dolce & Gabbana Opens The Gates Of Fashion Heaven In Milan Show.

Designers to the stars Dolce & Gabbana opened the gates of fashion heaven on Sunday in a spectacular catwalk show featuring drones, one of the last events of Milan’s popular fashion week. Church chants welcomed guests with the gates of heaven used as a background to the catwalk. “Fashion Devotion” read a golden sign over golden gates and a flurry of angels and clouds. At the show’s start, bells chimed, the gates opened and drones flew out, carrying the brand’s handbags down the catwalk. Dolce and Gabbana drone handbag. Photo credit: Business Insider UK In previous shows the famous designer duo had asked young so-called influencers to showcase their designs, turning to bloggers and Instagrammers who have millions of followers and are seen as style icons by their fans. But this time Dolce & Gabbana returned to professional models. The collection, rich and opulent as usual by Dolce & Gabbana, featured church-influenced designs such as a big black cape draped over ...

UK Labour pressures PM with Brexit customs union call.

British opposition leader Jeremy Corbyn on Monday called for a new customs union with the European Union after Brexit in a policy shift that could force Prime Minister Theresa May to change course. Just days before a keynote speech by May on her desired future trading relationship with the European Union, the Labour leader drew a clear line between his policy and that of the government. “Labour would seek to negotiate a new comprehensive UK-EU customs union to ensure that there are no tariffs with Europe and to help avoid any need whatsoever for a hard border in Northern Ireland,” Corbyn told an audience in Coventry, central England. Britain is currently part of the EU’s customs union, which has a common external tariff on imports, allowing goods to move freely inside the area. But it would leave after Brexit in March 2019. Citing the example of integrated supply chains in the car industry, Corbyn said it “makes no sense” for Britain to turn its back on “tariff-fre...

South African Lady Is In Search Of A Boyfriend. See Her Requirements .

A South African beautiful lady who goes by the handle, @StraightOuttaSo on Twitter has shared her preference on the kind of man she’s currently searching for. The lady took to the social media platform to state the criteria, one of which is that he must have his own apartment, and own a 2-door car. Read her full tweets; “Looking for a guy around PTA and JHB. Age 21-29, Must own an apartment, Drive a 2 door car, Businessman, and must make close to R900k per month” If you care to know how much the money is, well we convert R900,000 to Nigerian Naira and it is 28 million naira only!.. Lol https://www.torimill.com/2018/02/beautiful-south-african-lady-is-in-search-of-a-boyfriend-see-her-requirements.html

MTN targets $1billion from Nigeria, Ghana listings.

Telecommunications, giant, MTN plans to raise $1 billion through its proposed listing on the Nigeria and Ghana stock exchanges later in the year.Chief Executive Officer of the Ghana Stock Exchange (GSE), Kofi Yamoah, said MTN Ghana would officially introduce 35 per cent of its capital into the GSE by the end of first quarter (Q1) 2018. He said MTN Ghana has submitted the necessary documents for review, adding: “We believe that at the end of the first quarter, we will see the public offering of this entity take off.” MTN was supposed to list in 2017, but the process was delayed. The decision to list on the GSE was reached as a condition for the acquisition of a 15-year $67m 4G license in 2015. Chief Executive Officer of MTN Ghana, Ebenezer Asante said: “It’s very clear from the license that 35 per cent of MTN should be moved into Ghanaian hands and since we required the license, we have engaged the regulators in the NCA, as well as the Central Bank and also with the Se...