British minister Rudd says May’s premiership and deal are not dead

By Meletus  EZE British minister Amber Rudd said on Monday she did not believe Theresa May’s premiership was dead after the prime minister pulled a parliamentary vote on Brexit for fear of losing it. “I really disagree with that,” Rudd, the work and pensions minister, told the BBC when asked if May’s deal, and her premiership, were now dead. A loyal minister in May’s cabinet, Rudd said the prime minister remained committed to the Northern Irish backstop, an insurance policy to ensure no return to a hard border on the…

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France: Macron promises 100-euro monthly rise in minimum wage

By Meletus EZE President Emmanuel Macron is promising a 100-euro monthly rise in France’s minimum wage (about 114 dollars) that will not cost employers anything. In a 13-minute televised speech addressing the demands of the Yellow Vests protest movement, the president said on Monday he is declaring a “social and economic state of emergency.” Macron also announced that planned tax rises on pensions will not apply to those with incomes of less than 2,000 euros. Employers, who can afford it should pay their workers a special end-of-year bonus that will…

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UN says world loses $2.3trn to corruption annually

By Meletus EZE The Country Representative, United Nations Office on Drugs and Crime (UNODC), Mr Oliver Stolpe, has said that the world loses 2.3 trillion dollars to corruption annually. He disclosed this at the Corruption Risk Assessment (CRA) training organised for Heads of Anti-Corruption Agencies of member-countries of African Union (AU) in Abuja, on Monday. The training was organised by the Independent Corrupt Practices and other Related Offences Commission (ICPC). The  event was to also commemorate the 2018 UN International Anti-Corruption Day. Stolpe quoted World Economic Forum which estimated the cost…

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Emerging-market shares tumble on fears of global slowdown

By Elizabeth ADENUGA Emerging-market shares dropped to a near three-week low on Monday amid weak data from the world’s biggest economies, concern over tension between the United States and China and a potentially disastrous Brexit. Disappointing U.S. jobs data on Friday sent Wall Street more than 2 per cent lower and the mood spread through developed and developing markets in Asia on Monday. A recovery for the dollar on Monday also weakened most emerging-market currencies against the U.S. currency. “Not just China, U.S. and Japan, let’s add Europe and Australia…

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Top Democrats say Trump may face impeachment, jail over hush money

By Aliyu DANLADI U.S. President Donald Trump could face impeachment and jail time if hush money payments reported by his former lawyer are proven to be campaign finance violations, Democratic lawmakers said on Sunday. Court filings on Friday in cases that stemmed from a federal probe into Russian activities during the 2016 presidential election pointed to potential problem areas for Trump, including whether he instructed six-figure payments to two women during the campaign to keep quiet about affairs. Federal prosecutors sought prison time for longtime Trump “fixer” Michael Cohen for…

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U.S Envoy says Nigerians represent real, sustainable wealth of nation

By Kunle SHONUGA U.S Ambassador to Nigeria, Amb. Stuart Symington, says Nigerians represent the real and sustainable wealth of their country, saying true leadership must showcase the people. Symington made the remarks at the African Business Conference Plus 2018 with the theme: “Human Capital: The key to Africa’s Transformation” in Lagos. The conference was organised by the American Business Council (ABC) in partnership with the Lagos Business School (LBS). Symington, in a statement by Mrs Margaret Olele, the Director-General, American Business Council (ABC), said that citizens were greatest resources of Nigeria, adding…

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466bn migrants’ remittances triple global development aid in 2017, says UN

By Meletus EZE Statistics released by the UN on Sunday indicate that migrants from developing countries sent home 466 billion dollars in 2017, tripling the amount sent globally for development aid. The world body released the figure on the eve of the two-day Intergovernmental Conference to Adopt the Global Compact for Safe, Orderly and Regular Migration, which opens in Marrakech, Morocco, on Monday. According to the UN, 3.4 per cent of the world’s population today, representing 258 million, are international migrants of which 50 million are children. It noted the…

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ECOWAS protocol bars Buhari from signing Electoral Bill, says Ovie Omo-Agege

By Meletus EZE Sen. Ovie Omo-Agege (Delta Central) said  the ECOWAS Protocol on Democracy and Good Governance forbids  President Muhammadu Buhari from  signing the Electoral Act (Amendment) Bill. The All Progressives Congress (APC) lawmaker gave this insight  in Abuja on Friday night. Article 2 of the protocol forbids member countries from making “substantial modification” to their electoral laws less than six months to elections “except with the consent of a majority of political actors”. Omo-Agege, who is a staunch supporter of the President, noted that with the elections less than…

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Sterling set for fourth weekly drop on concerns about Brexit vote

By Aliyu DANLADI Sterling fell on Friday and was headed for a fourth consecutive week of losses as British Prime Minister Theresa May pressed ahead with plans for a parliamentary vote on her Brexit deal with the European Union, despite warnings it could topple her government. Sterling’s near-term fate hangs on whether May can win a majority for her Brexit deal in a vote on Dec. 11 that will define Britain’s departure from the EU scheduled for March. The odds look stacked against her getting the deal through a deeply…

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Nigeria lauds international support on Boko Haram, Lake Chad

By Meletus EZE Nigeria has lauded the international support to the country and neighbouring countries in addressing the challenges caused by the Boko Haram terrorists and the shrinking of the Lake Chad. Nigeria’s Ambassador and Permanent Representative to the UN,Prof. Tijjani Bande, stated this in New York at the ‘Security Council Open Debate on the Role of States, Regional Arrangements and the United Nations in the Prevention and Resolution of Conflict. Bande said: “As we all know, the Lake Chad region has been facing its worst crisis ever, primarily because…

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