May 2020

Tiff Macklem Appointed Governor Bank of Canada

Tiff Macklem Appointed Governor Bank of Canada

Tiff Macklem, Dean of the University of Toronto’s Business School, was appointed the governor of the Bank of Canada on Friday.

At a press conference in Ottawa, Canadian Finance Minister, Bill Morneau, announced Macklem’s appointment.

He said Macklem brings a deep knowledge of and expertise in financial markets and will serve the central bank well.

Macklem, who once worked as the senior deputy governor of the Bank of Canada, will take over the top position of the Canadian central bank in early June when current Governor, Stephen Poloz, ends his seven-year term.

Half A Billion Globally Living With Herpes – WHO

Half A Billion Globally Living With Herpes – WHO

About half a billion people worldwide are living with genital herpes while several billions of people have oral herpes infection, new estimates by the World Health Organisation (WHO) have shown.

In a statement on Friday from Geneva, WHO highlighted the need to improve awareness and scale-up services to prevent and treat herpes.

The health agency said that the figures were given by University of Bristol staff and Weill Cornell Medical College-Qatar, and published in the WHO Bulletin.

It said that about 13 per cent of the world’s population – aged 15 years to 49 years – were living with Herpes …

Rolls Royce Set To Trim Staff

Rolls Royce Set To Trim Staff

British aero-engine maker Rolls Royce Holdings is considering cutting up to 15% of its workforce, as customers cut production and airlines park planes due to the coronavirus pandemic.

The size of layoffs has been mentioned internally by senior management, but is by no means finalised and there is a lot of negotiation still to be done, the source added.

Read Also: Rolls-Royce Completes Black Badge Family With Cullinan

The company’s engines power Airbus SE and Boeing Co’s wide-body jets and Rolls-Royce is paid by airlines based on how many hours its engines fly.

The Financial Times earlier reported Rolls-Royce was …

World Beach Games Moved From 2021 To 2023

World Beach Games Moved From 2021 To 2023

The 2021 World Beach Games have been moved to 2023, the Association Of National Olympic Committees (ANOC) said on Friday.

ANOC said the shift was to enable countries to have time to prepare their athletes for the rescheduled Olympics in 2021.

The Olympic Games, originally scheduled to start in July this year in Tokyo, have been postponed to July 23 to Aug. 8, 2021.

This was due to the COVID-19 pandemic which has infected more than 3.29 million people worldwide and killed nearly 233,000.

ANOC had opened a bidding process to find a host for the Beach Games in January …

Prince Harry, Meghan Lose PrivacyBattle With Daily Mail

Prince Harry, Meghan Lose Privacy Battle With Daily Mail

The Duchess of Sussex has lost the first round in her legal fight with Associated Newspapers. She dragged the Mail on Sunday and Mail Online to court over alleged breached of privacy after they published excerpts from private correspondence between her and her estranged father, Thomas Markle.

However, on Friday, 1 May, Mr. Justice Warby ruled against the Duchess and her husband, Prince Harry, who had claimed the newspaper had acted dishonestly.

​The judge ruled it was “irrelevant”

He added that “Such issues are assessed objectively. The claimant’s …

Lagos Govt Releases ₦1.03b Accrued Pension To Retirees

Lagos Govt Releases ₦1.03b Accrued Pension To Retirees

The Lagos State government has approved the release of ₦1.030 billion for the payment of the accrued pension rights of 213 public service retirees in the state.

Mrs Folashade Onanuga, the Director-General, Lagos State Pension Commission (LASPEC), made the disclosure on Friday in Lagos.

Onanuga said that the commission had released the funds to the Pension Fund Administrators (PFAs), which, she said, had credited the Retirement Savings Accounts (RSAs) of the beneficiaries.

“To ensure the safety of all the beneficiaries, the retirement bond presentation ceremony stands cancelled due to the COVID-19 pandemic, while all retirement bond certificates for April have …

NNPC Reacts To Tanker Fire In Central Lagos

NNPC Reacts To Tanker Fire In Central Lagos

The Nigerian National Petroleum Corporation (NNPC) has commiserated with families of the victims of Friday’s fuel tanker fire incident at Obalende area in central Lagos.

According to a statement issued by the corporation’s group public affairs manager, Kennie Obateru, NNPC wished all those that sustained injuries in the incident quick recovery.

Obateru said all the injured people had been taken to the hospital while further investigation was on to determine the cause of the accident.

“A fuel truck belonging to NPPC’s petroleum products retail affiliate, NNPC Retail Limited, was involved in the road accident while conveying petrol from the Satellite

Kidnappers Rape Female Student Of UNIPORT, Butcher Her

Kidnappers Rape Female Student Of UNIPORT, Butcher Her

A criminal gang which kidnapped three students of the University of Port Harcourt(UNIPORT), on 7 April, gang-raped the female among them.

They then went further to butcher her to death, as well as kill the other two students.

The female student was identified as Joy Adoki. The other students were Nelson Nwafor and Fortune Obemba.

Police put all the three bodies in bags and later deposited them in the mortuary.

The police were able to crack the kidnapping after the arrest on 30 April of the chief suspect, called Friday Akpan.

Friday Akpan with the battered body of Joy

Facebook Surges On User Growth In Pandemic

Facebook Surges On User Growth In Pandemic

Facebook on Wednesday reported a sharp jump in usage as the global pandemic unfolded, in a quarterly update that sparked a rally in shares of the social network despite its warning of turbulence in the coming months.

Shares climbed some 10 percent after Facebook reported a profit of $4.9 billion on revenue that grew 17 percent to $17.4 billion during the first three months of this year.

Chief executive Mark Zuckerberg vowed to keep pouring money into social networking “needs” revealed by the crisis despite uncertainty about the impact of the health emergency on the economy and its business.

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Animal Lovers Take To India's Streets To Feed Strays

Animal Lovers Take To India’s Streets To Feed Strays

Tails are already wagging as Priyanka Gusain stops her car, sacks of cattle fodder and dog pellets on her back seat and water in the boot for her evening rounds in Delhi.

Gusain and her mother Vilochna are serving in an army of Indian animal lovers that has emerged to feed millions of strays left hungry and thirsty by the coronavirus lockdown in the world’s second-most populous nation.

Used to scavenging scraps from hotels, restaurants and roadside stalls, the animals were left without sustenance as people withdrew to their homes in late March.

“No-one is taking care of them. That …

In Schools And Offices, China Steps Up Virus Tests

In Schools And Offices, China Steps Up Virus Tests

Chinese tech giant Sina set up a special room in its Beijing office for workers to be tested for the coronavirus. A school took swab samples from students before allowing them into classrooms. A traveller took the test before a trip to another province.Companies, schools and individuals across China are lining up to be tested for the virus as the country rises back to normal life after largely taming the epidemic.

Biotech firms are ramping up production of test kits with demand growing despite lingering questions over their accuracy, while the government is pushing for more testing.

E-commerce titans …

Trump dig at China rattles markets as India extends lockdown

Trump’s China Onslaught Rattles Markets

US President Donald Trump’s new threat of tariffs against China over the coronavirus sent a shudder through global markets on Friday, as India warned the world’s biggest lockdown would continue for two more weeks.

European countries and some parts of the United States have begun to ease the social and economic restrictions that have shut in half the world, joining those Asian countries that feel they have already turned a corner.

But giant India, where stringent restrictions on 1.3 billion people have been credited with keeping virus cases low at the cost of hardship for millions, said it would renew …