The United States Treasury has announced that its borrowing will reach a record 3 trillion dollars in the current quarter, as the coronavirus battered the economy and government spending increased, including through massive stimulus programmes. Treasury also noted a change in tax revenue, in part because it is offering deferrals. Last year, the department borrowed […]
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The price of oil made a remarkable comeback on Thursday, after fresh US-Iran tensions erupted. The development also helped equities advance, after US labour market figures provided a glimmer of hope for the world’s top economy. At one point, the US crude oil benchmark, WTI, was up by 20 percent on the day, having earlier […]
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The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic’s hit to demand. After beating the record low multiple times, West Texas Intermediate (WTI) for May delivery continued to sink to the unheard of price of a penny a […]
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The United Kingdom is in opposition to Nigerian government’s plan to pay $110 million believed to be a part of funds looted by the late Sani Abacha to Abubakar Bagudu, governor of Kebbi state. As contained in a report by Bloomberg, the governments of Nigeria, the United Kingdom and the United States, are in a […]
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Timothy Cole, rector of Christ Church, Washington DC, US, tested positive for coronavirus after shaking hands with over 500 worshippers during holy communion. The priest was diagnosed with the virus on Saturday and has been confirmed as the city’s first coronavirus patient. Health officials said hundreds of people had interactions with the priests. The officials […]
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By Arlene J. Schar and Dr. David Leffler The movie Wag the Dog was released a generation ago, one month before a presidential scandal which invited comparisons between that film and the reality of that time. Now, 23 years later, we find ourselves in the midst of yet another presidential scandal; one which has made […]
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Iranian authorities on Saturday morning admitted that its military forces unintentionally shot down the Ukrainian plane which killed 167 passengers and nine crew members on Wednesday. In a statement released early Saturday, Iranian government said the plane was mistaken for a “hostile target” after it turned toward a “sensitive military center” of the Revolutionary Guard […]
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The President of the United States of America, Donald Trump says the US is ready to embrace peace “with all those who seek peace”. Trump said this in a broadcast after the claim of Iran that 80 American soldiers had been killed in retaliation for the murder of Qasem Soleimani, an Iranian general. But in […]
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Speaking in Florida, President Donald Trump of the United States of America, said “Soleimani was plotting imminent and sinister attacks on American diplomats and military personnel, but we caught him in the act and terminated him.” While referring to the Iranian military mastermind, killed in a US air attack earlier Friday in Baghdad, as “sick,” […]
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Iran’s Foreign Minister, Mohammad Zarif said the United States is creating instability and insecurity in the Middle East and Latin America, the Tasnim news agency reported on Saturday. “The resistance of Venezuela to the United States is very important for the people of the world and the people of Venezuela,’’ Zarif was quoted as saying. […]
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