The de-facto leader of the sprawling Samsung group Lee Jae-Yong went on trial Tuesday on charges of illegally using the anaesthetic propofol, the latest legal travail to beset the multi-billionaire. Lee — the vice-chairman of the world’s biggest smartphone maker Samsung Electronics and according to Forbes the world’s 297th richest person — is accused of […]
The Chief Executive Officer (CEO), Espera Global Corporation, Dr Glenn Prince-Abbi, says a lot needs to be done to radically improve the quantum of revenue generation in the country. Prince-Abbi, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. He was reacting to the N16.39 trillion 2022 appropriation bill presented […]
The World Bank on Monday warned of a significant 12% rise in the debt burden of the world’s low-income countries to a record $860 billion in 2020 as a result of the COVID-19 pandemic and called for urgent efforts to reduce debt levels. World Bank President David Malpass told reporters the bank’s International Debt Statistics […]
With Afghanistan facing humanitarian and economic crises, G-20 leaders are set to meet virtually Tuesday to discuss ways to meet aid needs and address security concerns following the Taliban’s August takeover. Italian Prime Minister Mario Draghi is hosting the summit, with U.N. Secretary-General Antonio Guterres, U.S. President Joe Biden, Indian Prime Minister Narendra Modi and […]
On their trek north toward the United States, some 19,000 migrant children have crossed the dangerous jungle sprawling the border between Panama and Colombia so far this year, UNICEF said Monday. The number of children who crossed the Darien Gap is almost three times higher than the total for the previous five years, it said […]
On December 11 2003, a group of CIA and MI6 officers were about to board an unmarked plane in Libya when they were handed a stack of half a dozen brown envelopes. The team were at the end of a clandestine mission involving tense negotiations with Libyan officials. When they opened the envelopes on board […]
China has banned British beef imports of cattle under 30 months of age after a case of bovine spongiform encephalopathy (BSE), or “mad cow” disease, in the UK last month. The ban took effect from 29 September, according to a statement from the General Administration of Customs. China has yet to restart buying beef from […]
The United States and Britain warned their citizens on Monday to avoid hotels in Afghanistan, days after dozens were killed at a mosque in an attack claimed by the Islamic State group active in Afghanistan, Islamic State Khorasan. The Taliban, which seized power in August and declared an Islamic emirate, are seeking international recognition and […]
Pacific Gas & Electric said it may shut off power to about 44,000 customers in California beginning on Monday due to potentially dry, gusty winds that could raise the risk electrical equipment sparking fires. The National Weather Service issued a red flag warning of extreme fire danger starting late Sunday, when offshore winds are expected […]
NNPC on Sunday in Abuja called on petroleum tanker drivers to call off its planned strike in the interest and welfare of Nigerians. “The strike is about the condition of roads in various parts of Nigeria used for the distribution of goods and services including petroleum products. “While it is not the responsibility of the […]