The appreciation of the US dollar is having an adverse effect on emerging market economies. The International Monetary Fund (IMF), explained the impact in a blog post. Emerging markets include Nigeria, Egypt, Iran, Pakistan, Russia, Saudi Arabia, Taiwan, Thailand, among others. In a blog post published on Wednesday, the Bretton Woods institution said the dollar’s […]
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US President Joe Biden’s son, Hunter Biden, has been charged with tax and gun offences. He is expected to plead guilty to two misdemeanour tax crimes and admit to illegally possessing a gun while a drug user, after a five-year investigation. The US Attorney in Delaware has filed papers indicating a plea agreement has been […]
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Guinness World Records (GWR) on Tuesday officially announced Hilda Baci the new record holder for the longest cooking by an individual. The GWR in a statement on its website, said, “Following a thorough review of all the evidence, Guinness World Records can now confirm that Hilda Effiong Bassey, better known as Hilda Baci, has officially […]
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Former Italian prime minister, Silvio Berlusconi, has died at the age of 86. The media tycoon and politician who served as prime minister of Italy in two governments, died at the San Raffaele hospital in Milan. He was previously diagnosed with leukemia and was hospitalised due to breathing problems in April. On Friday, CNN reported […]
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The latest ranking of countries with the highest unemployment rate has shown Nigeria at the top of the chart for the wrong reason. The World of Statistics in its latest release on Sunday via its verified Twitter handle ranked Nigeria high, indicating the country has the highest level of unemployment in the world at 33.3%. […]
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The Federal Bureau of Investigation (FBI) in the United States has arrested a Massachusetts air national in connection with the leak of classified documents posted online. The leaked documents included detailed intelligence assessments of the US allies and adversaries. The documents also included the state of the war in Ukraine and the challenges Kyiv and […]
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The World Health Organisation (WHO) has projected that up to 20,000 people may die as a result of the earthquakes in Turkey and Syria. Recall that on Monday, a 7.8 magnitude earthquake hit Turkey with the neighboring country of Syria suffering the effect as well. Shortly after, a second earthquake of about 7.5 magnitude struck. […]
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About 300 entrepreneurs, investors, and celebrities took part in the opening reception for the US-Africa Leaders Summit, the investment-focused “Innovators Gathering”, honoring the influx of two-way investment and trade opportunities set to be announced at the U.S.-Africa Leaders Summit. The Innovators Gathering: Investing in U.S.-Africa Cultural and Economic Ties was hosted on December 12 by […]
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Iranian government has bowed to public pressure by abolishing the controversial morality police units after more than two months of protests. Recall that the country witnessed its biggest uprising in decades after the death of Mahsa Amini, a Kurdish woman from the north-western city of Saqez, who was said to have been arrested by the […]
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The United Nations (UN) on Thursday called on the international community to support Nigeria as it faces unprecedented floods, which have impacted more than three million people. UN Spokesperson Mr Stéphane Dujarric, told correspondents at the UN headquarters in New York that the Humanitarian Coordinator in Nigeria, Mr Matthias Schmale had made an appeal for […]
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