US Judge Rejects Musk’s $55.8bn Tesla Compensation Offer
On Monday, a US judge denied an attempt to reinstate the pay deal through a shareholder vote, upholding her decision to reject Elon Musk's enormous $55.8 billion compensation package at Tesla. In a court filing, Chancellor Kathaleen McCormick of Delaware’s Court of Chancery ruled that Tesla’s attempt to ratify Musk’s compensation package through a June shareholder vote could not override...
Gov. Mbah Congratulates Okonjo-Iweala On Reappointment
Enugu State Governor Dr Peter Mbah has congratulated Dr. Ngozi Okonjo-Iweala on her reappointment as the DG of the World Trade Organisation. Mbah, however, said that the development did not come to him as a surprise, given her great leadership of the organisation so far in her first term. A statement released by the Senior Special Assistant to the Governor on...
Belgium Permits Pensions, Maternity Leave For Sex Workers
A law has been passed in Belgium that gives sex workers the same rights and safeguards as other workers. The legislation, signed into law on Sunday, ensures that sex workers are entitled to maternity leave, pensions, and legal safeguards against exploitation. This decision followed widespread protests in 2022 during which sex workers demanded state support after being excluded from government assistance...
Trump Warns BRICS, Says Any Attempt To Replace Dollar Will Attract 100% Tariff
President-elect Donald Trump has threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar. “We require a commitment… that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 percent Tariffs,” Trump wrote on his Truth Social website,...
Pope Urges Lebanon To Elect New President
Pope Francis has urged Lebanese leaders to elect a new president immediately in order to resume regular government operations in the nation on Sunday. “I address an urgent invitation to all Lebanese politicians to elect the president of the republic immediately,” the pontiff said at Saint Peter’s Square at the end of Sunday Angelus prayer. Details later … AFP
US Approves $385 Million Arms Sales To Taiwan, Deal Opposed By China
The United States has approved the proposed sale of spare parts for fighter jets and radar systems as well as communications equipment to Taiwan, in deals valued at $385 million, a US agency said Friday. While Washington does not have official diplomatic relations with Taipei, it remains the island’s most important backer and biggest arms supplier. The proposed sale of the...
Ngozi Okonjo-Iweala Reappointed As WTO Director-General Amid Concerns Over Trump’s Return
The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala as its Director-General for a second term, extending her leadership until 2029. Okonjo-Iweala, the first woman and the first African to head the WTO, was the sole candidate in the race, making her reappointment virtually assured. The WTO’s 166 member states reached a consensus on her reappointment during a special closed-door...
Internet Users Hit 5.5bn In 2024 — ITU
According to the International Telecommunication Union's (ITU) Facts and Figures 2024 report, there will be 5.5 billion Internet users worldwide in 2024. This represents a significant increase of 227 million individuals compared to revised figures for 2023. The ITU is the United Nations specialized agency for information and communication technologies (ICTs). The report found out that while global connectivity continues to rise,...
Australia Bans Under-16 From Social Media Platforms
Australia's parliament passed a world-first law on Thursday that bans children under 16 from using social media, putting tech companies on notice to strengthen security before an unspecified deadline. The ban came following the passage of a groundbreaking law in parliament. The new law was drafted in response to what the Labor Prime Minister, Anthony Albanese, described as a “clear, causal...
Ireland Elects President In Closely Contested Election
Following a campaign characterized by vitriol over the housing and cost-of-living crises, Ireland's incumbent coalition parties are running neck and neck with Sinn Fein, the opposition party, in Friday's elections. Polls open across the country at 0700 GMT and close at 2200 GMT as voters choose new members of the 174-seat lower chamber of parliament, the Dail, in Dublin. Counting is...
