Stocks Surge As US Inflation Data Eases Pressure
Asian markets rose after big gains on Wall Street, with traders welcoming below-forecast US inflation data with better interest rates next year. A holiday-thinned week got off to a healthy start after last week’s sell-off sparked by the US central bank’s outlook that suggested officials will not lower borrowing costs as much as previously hoped over the next 12 months. All...
12 Killed In Turkey Explosives Plant Blast
A powerful blast ripped through an explosives plant in northwestern Turkey on Tuesday killing 12 people and injuring five others, officials said. Footage showed shards of glass and metal scattered outside the plant, where ambulances stood by. “According to initial reports, 12 employees died and four were taken to hospital with injuries as a result of the explosion” in the Karesi District...
Ex-US President Jimmy Carter Dies At 100
Jimmy Carter, the 39th president of the United States and a Nobel Peace Prize laureate, passed away on Sunday afternoon at his home in Plains, Georgia. The 100-year-old statesman had been receiving hospice care for nearly two years, according to reports from U.S. media citing his son, Chip Carter. Carter, who served as president from 1977 to 1981, was the...
FG Invites Niger Leader For Talks To Douse Tension
FG met with the leadership of the Niger Republic for a “constructive dialogue'' on the diplomatic tension between the two neighbouring countries. The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, in a statement on Tuesday reiterated Nigeria’s commitment to peace and stability in West Africa, calling for “candid discussions to address mutual concerns” as raised by the President of the...
Pope Advocates Debt Forgiveness For Poor Nations
Pope Francis has urged wealthy nations to allow indebted nations to recover and grow by forgiving their debts. The appeal was made in his 2025 World Day of Peace message, marked annually on January 1 to promote global peace. According to the News Agency of Nigeria, the message, delivered by the Catholic Archbishop of Lagos, Most Rev. Alfred Martins, during Mass...
“Elon Musk Investments Not A Threat To Italy” – Meloni
Prime Minister Giorgia Meloni has stated that Elon Musk's companies' investments do not pose a threat to Italy. “I work to have major investments in Italy and evaluate the usefulness of each investment through the prism of our national interest,” the premier told Corriere della Sera in response to a question on risks to national security. Meloni’s ties to Musk, the...
Earthquakes Force Evacuations In Ethiopia
Ethiopia experienced a series of earthquakes, including a 5.8-magnitude tremor, causing widespread alarm and evacuations in the northern regions. The quakes affected the rural areas of Afar, Oromia, and Amhara, following months of heightened seismic activity, according to AFP. Ethiopia’s government Communication Service reports that approximately 2,000 people have already been displaced, with efforts underway to provide temporary shelter for the...
Biden Bans Offshore Drilling Across Coastal Waters In US
US President Joe Biden has prohibited offshore drilling across a vast expanse of coastal seas, In an effort to boost the output of fossil fuels. The ban encompasses the entire Atlantic coast and eastern Gulf of Mexico, as well as the Pacific coast off California, Oregon and Washington, and a section of the Bering Sea off Alaska. A White House statement...
Apple Faces £1.5bn Lawsuit In UK For Overcharging On App Store
A trial opening on Monday in which plaintiffs want more than one billion pounds is set to answer that question. The complaint, filed in May 2021, accuses Apple of breaching European and UK competition laws by “its exclusion of any other app stores from iOS devices” like iPhones and iPads. It claims that some 20 million Apple users may have been overcharged...
Asian, European Stocks Plunge After US Jobs Report
Asian and European markets sank after an outsized US jobs report dealt another blow, while oil sparked by new sanctions on Russia’s energy. The equity sell-off tracked hefty losses on Wall Street, where all three main indexes finished more than one per cent lower as the new trading year continued to falter. Keenly awaited data on Friday showed the US economy...
