Businees reports have revealed that the United States economy has actually contracted for a second straight quarter between April and June thereby giving rise to more recession fears just months before key midterm elections in a blow for President Joe Biden.
Gross domestic product had also declined at an annual rate of 0.9 percent in the second quarter which came after a bigger drop in the first three months of the year, according to the Commerce Department. Two-quarters of negative growth is commonly viewed as a strong signal that a recession is underway, and a downturn in the world’s largest …
The wealthiest woman in Asia, Yang Huiyan had reportedly lost more than half of her fortune in a heavy loss over the past year as China’s real estate and property sector was massively shaken by a cash crunch.
Yang Huiyan who has been a majority shareholder in Chinese property giant Country Garden, had also seen her net worth plunge by more than 52 percent to $11.3 billion from $23.7 billion a year ago, according to the Bloomberg Billionaires Index which vetted the report on Thursday.
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Yang’s fortune had taken …
Fresh reports hitting the desk of Africa Daily News, New York has revealed that the National Assembly has come under serious fire from the Human Rights Writers Association of Nigeria, (HURIWA) for refusing to resume the process of impeaching President Muhammadu Buhari over the deteriorating security situation and the massive insecurity in the country and fears of a terrorist attack around Abuja, the nation’s capital.
Human Rights Writers Association of Nigeria, (HURIWA) had also slammed Buhari for his alleged leadership failure in securing lives and property and for jetting out of the country despite attacks and fears of more terrorist …
The presidency has mocked some the calls the impeach President Buhari while describing the Peoples Democratic Party (PDP) Senators who have been trying to impeach President Muhammadu Buhari as divided and confused.
It had also recalled that the performative and babyish antics of those senators who had resorted to staging a walk out was wrong even though Senate President Ahmad Lawan had totally refused on Wednesday to entertain the ridiculous motion to impeach our President was quite appropriate and correct.
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Presidential spokesman, Garba Shehu, in a
While reacting to reports which have been making rounds about the assault on the deputy governor, the Lagos State Government has rubbished and debunked all the rumours that the Deputy Governor, Dr. Kadri Hamzat was beaten up in a free for all which had occurred at the APC Secretariat.
The report, which has already gone viral had also indicated that Hamzat and some senior members of the Lagos State Chapter of the All Progressives Congress (APC) were beaten up by aggrieved political miscreants during a reconciliation meeting at the party secretariat in Ogba.
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It has been reported that there was a bit of turmoil in Lagos when over 200 irate youths on Wednesday had made an attempt to lynch two policemen in Ibeju-Lekki area of Lagos.
It was also reported that the police have to shoot one of them to save their lives.
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It has also been gathered that a team of policemen had effected an arrest in Ibeju Lekki and on getting wind of the arrest, irate youths in the area moblised to rescue the arrested suspect. On getting to
In lieu of the brazen kidnap threats which had been made against him over the weekend, the Nigerian President, Muhamadu Buhari and his security chiefs are currently engrossed in a meeting at the Presidential Villa, Abuja which is to brainstorm on the spate of terrorism in the country.
The meeting, which has been scheduled to hold at the Council Chambers, State House was convened following contemporary security threats in the country, particularly in the Federal Capital Territory, Abuja.
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Among those sighted at the meeting includes the Secretary to the Government …
The spokesperson for the Northern Elders Forum (NEF), Hakeem Baba-Ahmed, has tasked those around President Muhammadu Buhari to ask him to resign.
Baba-Ahmed asserted that his call followed the recent state of insecurity in the country.
In series of tweets yesterday, the NEF spokesman feared things might be worse in 2023 considering the current situation in the country.
He said as president, the bulk stops at Buhari’s desk, and that he should take responsibility and not buck-pass to anyone.
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‘When you have a President with huge powers …
Ukraine’s President Volodymyr Zelenskyy hopes that embattled British Prime Minister Boris Johnson stays in a frontline political role when he leaves office in early September, after becoming one of Kyiv’s staunchest foreign backers.
In an interview which aired on Wednesday with Britain’s TalkTV monitored by Africa Daily News, New York, Zelenskyy further reaffirmed his hope that US President Joe Biden will join other Western leaders including Johnson who have made their way to Kyiv.
Biden failed to do so on two trips to Europe this year, but Zelensky said via an interpreter that a presidential visit “would be the strongest …
New York City urged the World Health Organisation (WHO) on Tuesday to rename the monkeypox virus to avoid stigmatizing patients who might then hold off on seeking care.
Africa Daily News, New York reports that the city of New York has seen more cases of the disease, which the WHO had over the weekend declared a global health emergency than any other city in the United States, with 1,092 infections detected so far.
‘We have a growing concern for the potentially devastating and stigmatizing effects that the messaging around the ‘monkeypox’ virus can have on… already vulnerable communities,’ New York …
President Muhammadu Buhari has summoned his service chiefs for an emergency meeting for later today following the nationwide outrage generated by the rising insecurity in the land.
This emergency meeting is coming less than 48 hours after the Presidential Brigade Guards came under attack by terrorists.
Buhari’s Senior Special Assistant on Media and Publicity, Femi Adesina, confirmed the meeting on Wednesday night during an interview on Channels Television’s Politics Today which was monitored by Africa Daily News, Newe York.
‘Tomorrow the President has summoned another security meeting with the heads of the security agencies,’ Adesina said.
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The Minister of Information and Culture, Alhaji Lai Mohammed, has described as laghable the threat by terrorirts to abduct President Muhammadu Buhari insisting that such was impossible.
Recall that in a video released at the weekend which was monitored by Africa Daily News, New York, the abductors of train passengers in Kaduna threatened to kidnap and kill Buhari and Governor Nasir El-Rufai of Kaduna State.
Addressing reporters after the Federal Executive Council (FEC) meeting presided over by President Buhari at the State House, Abuja, on Wednesday, the minister said the terrorists were also spreading propaganda.
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