Argentina’s economy minister Nicolas Dujovne has resigned amid a financial crisis exacerbated by the president’s defeat in a primary poll. The country’s peso shed 20% of its value against the US dollar after President Mauricio Macri suffered the resounding loss last Sunday. In a letter to the president, Mr Dujovne said he had given his […]
INTERNATIONAL
Trump plays down fears of US recession
Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing “tremendously well”. The US president said he did not see a recession – usually defined as when an economy shrinks for two consecutive quarters. White House economic adviser Larry Kudlow also said […]
Huawei gets caught up in China territory controversy
China’s Huawei, the tech giant under scrutiny for its alleged links to the Chinese government, has become caught up in a controversy surrounding the representation of Taiwan. Huawei has come under fire for allegedly implying in its smartphone settings that Taiwan is independent. Despite a backlash on social media, Huawei has declined to comment. It […]
Turkish army pension fund to buy British Steel
The Turkish Armed Forces Assistance Fund (known as Oyak) says it plans to take over British Steel, which employs 5,000 people, by the end of the year. British Steel owns the Scunthorpe steel works where 3,000 people work and it employs another 800 on Teesside. But the firm was put into compulsory liquidation in May […]
Stock markets fall after China trade warning
Markets in Europe fell on Thursday after a warning from China that it would take fresh countermeasures against US tariffs. The sell-off follows a turbulent day on US and Asian stock exchanges, fuelled by investor fear of a global recession. The FTSE 250, seen as a good gauge of the UK economy, fell 0.9% after […]
El-Zakzaky seeking escape route from justice- Group warns US, UK over IMN leader’s refusal to take medication in India
The Advocates of Social Justice For All (ASJA) has reacted to the refusal of the leader of the outlawed Islamic Movement in Nigeria, Ibrahim El-Zakzaky, to take his medication in Indian hospital where he was flown to for treatment. Recall that a Kaduna State court had granted the IMN permission to travel abroad for medication. […]
Maritime security: UK sends warship to Persian Gulf
The US has proposed establishing an international coalition to ensure maritime security in the Persian Gulf against the backdrop of spiralling US-Iran tensions and volatile incidents in the Gulf; the UK is signing up for the initiative. The UK dispatched the warship HMS Kent to the Persian Gulf on Monday as part of the US-led Maritime Security […]
German economy slips back into negative growth
Germany’s economy shrank during the April-to-June period of this year. A decline in exports dampened growth, according to official data, which comes amid concerns of a global slowdown. Gross domestic product (GDP) fell by 0.1% compared with the previous quarter, according to the Federal Statistics Office. That takes the annual growth rate down to 0.4%. […]
NANS advises Nigerians in South Africa to reconsider stay, Gives South Africans 7-day ultimatum to vacate Nigeria
By Raphael Jov The National Association of Nigerian Students (NANS) has called on Nigerians living in South Africa to reconsider their status in that country and return home. NANS President, Danielson Akpan who gave the advice in Abuja at a joint press conference between NANS and Nigerians in Diaspora Commission (NIDCOM), said that the killing […]
AI: Protesters vow to commence 40 days civil disobedience over NGOs refusal to leave Nigeria
The Coalition for Civil Rights and Good Governance has threatened to embark on “40 days civil disobedience” over the refusal_of Amnesty International to leave the shores of Nigeria. The group stated this on the 7th day of its occupy Amnesty International office, Abuja over its alleged connivance with some agents of destabilization to cause unrest […]