Tuesday, January 26, 2016

Australian Open 2016: Serena beats Sharapova

 

World number one, Serena Williams beat Maria Sharapova for the 18th time in a row to reach the Australian Open semi-finals.

The defending champion, seeded number one and chasing a 22nd Grand Slam title, saw off fifth seed Sharapova 6-4 6-1 at Melbourne Park.
Serena, who has not lost to Sharapova in 12 years, now faces fourth seed Agnieszka Radwanska.
Sharapova made it a real contest for almost an hour but eventually buckled under the American's power.
Williams, 34, appeared to struggle with her ball toss in the morning sunshine on Rod Laver Arena as she fell 2-0 down.
The intensity ratcheted up as the set progressed, with both players repeatedly yelling "Come on!" as they tried to grab the initiative.
Sharapova, 28, held on valiantly in an eight-minute game to claw her way back to 4-4, but the pressure told in game 10 and Williams clinched the set at the fourth opportunity with a volley.

Sunday, January 24, 2016

Blizzard strikes East Coast, shuts down NYC travel


A massive winter storm hit hard the East Coast on Saturday, dumping more than three feet of snow in parts of West Virginia and Maryland, tying up traffic on highways, grounding thousands of flights and shutting down travel in the nation's largest city.
From the Carolinas to New York, tens of thousands were without power Saturday night as a result of the storm, which was finally heading out to the Atlantic.
Except for some isolated flurries, snowfall in most of the major cities will likely finish early Sunday morning, CNN Meteorologist Sean Morris said.
Though the blizzard set no snowfall records in New York or Washington, you wouldn't know it from walking through the steady evening snow or waist-high snow banks.
New York's John F. Kennedy International Airport received 27.7 inches of snow, according to the National Weather Service, and Newark Liberty International Airport received more than 25 inches.

Saturday, January 23, 2016

Nigeria must harmonise Monetary and Fiscal Policies – Finance Minister

Monetary and budgetary policies in Nigeria need to be “harmonised” to boost the economy, the country’s Minister of Finance, Kemi Adeosun said on Friday, adding that moves towards this can be expected.
Nigeria has just unveiled a large increase in budget spending but its currency, the naira, is effectively frozen after the central bank last year imposed a number of restrictions aimed at conserving foreign exchange reserves.
The result has been a widening gap between the official and black market rates. While Nigeria’s fellow oil exporters such as Angola and Russia have allowed their currencies to depreciate, the naira exchange rate is reckoned to be well above fair value.
Investors as well as the International Monetary Fund have called on Nigeria to allow the naira more flexibility and the central bank last week eased some restrictions.

Merkel and Davutoglu seek lasting solutions to migrant crisis




German Chancellor Angela Merkel and Turkish Prime Minister Ahmet Davutoglu pledged Friday to continue to work intensively together to solve Europe's migrant crisis, not only to stem the flow of people but to improve conditions in camps in Turkey and to try and bring about a peace deal in Syria.
Germany saw an unprecedented 1.1 million asylum-seekers arrive last year, most of whom had come via Turkey from Syria, Iraq and Afghanistan.
Turkey, in the meantime, hosts the world's largest number of refugees, including more than 2.2 million from neighboring Syria, and has been struggling to keep up with the influx.
"The refugee crisis is not Germany's crisis, it is not Europe's crisis, it is not Turkey's crisis," Davutoglu said in a joint press conference with Merkel. "It is a crisis that was born out of the crisis in Syria. If we cooperate, we can bring this crisis under control. If we throw the issue at each other, solving this issue will become more difficult."
Syria's five-year civil war has killed a quarter of a million people. Peace talks planned for next week in Geneva are meant to start a political process to end the conflict.
"I am deeply convinced that the question of illegal immigration can only be solved when we work together toward resolving the cause of the flood," Merkel said.
Merkel has refused to put a cap on the number of migrants allowed into Germany, but is facing growing domestic pressure and has focused on working with Turkey to help slow the flow of people coming to Europe.

Statement Issued by the Prime Minister of Canada on shootings in La Loche, Saskatchewan




The Prime Minister, Justin Trudeau had issued the following statement after learning of the deadly shootings in La Loche, Saskatchewan:
“I learned with deep sadness and shock today about the shooting at a high school and another location in Saskatchewan that involved multiple deaths and injuries.”
"I was immediately in touch with the Minister of Public Safety, the Hon. Ralph Goodale, and the Commissioner of the RCMP, Bob Paulson, and am receiving regular updates on the situation.”
“On behalf of all Canadians, Sophie and I offer the families and friends of the victims our deepest condolences on this darkest of days. Our hearts and prayers are also with those injured in the attack, that they may have a full and speedy recovery.”
“I wish to thank first responders – law enforcement and medical personnel – who managed this very difficult situation with bravery and professionalism.”
“On this sad day the whole country grieves with the people of La Loche and of Saskatchewan.”

MTN Seeks Out-of-Court Settlement With NCC



Justice Mohammed Idris of the Federal High Court, Lagos, yesterday said hearing in the suit filed by MTN Nigeria Communications Limited against the Nigeria Communication Commission (NCC) over the N1.04 trillion fine imposed on the telecommunication outfit would be March 18.
Prior to the fixing of the hearing date, counsel to MTN, Chief Wole Olanipekun (SAN), informed the court that parties were already discussing on how to resolve the matter amicably. He then asked for a 60-day period from the court to allow for the discussions.
In his submissions, counsel to NCC, Yusuf Alli (SAN), disclosed that the court’s discretion is limited to the rules of court, which allows for just 21 days to file and serve written addresses.
Counsel to the Attorney General of the Federation (AGF), Oladipo Okpeseyi (SAN), in his response to Olanipekun’s 60-days request, expressed reservations.
He disclosed that the telecommunication outfit has not been consistent in its call for an out of court settlement of the matter.
“This is a matter of national importance. There has been concessions in the past and nothing happened”, he said.
MTN had alleged that it was not afforded its constitutional right of fair hearing before a court of competent jurisdiction and more importantly, it had not been found guilty of any offence that will warrant it to pay such outrageous fine.
It contended that the sanction imposed on it by NCC was within 24 hours of its written submission on the disconnection exercise and the impractical nature of the NCC deadline.

Private refugee sponsorships stand as the best option




Prime Minister Justin Trudeau’s fairytale story of Syrian refugees is once again clashing with reality.
His government first had to admit that its election campaign promise to admit 25,000 Syrian refugees by the end of 2015 was wildly unachievable. It turns out that resettling tens of thousands of refugees from the other side of the world takes more than just a few weeks.
Of course, this was plain to see all along, especially considering Syrian refugees who are plucked from a war zone and a hotbed for radical Islamic terrorism. It made no sense to slap an artificial timeline and rush this process.
But rather than changing course altogether, the Trudeau government simply doubled down and gave itself a two-month extension. Their new promise is to accept 25,000 refugees by February 29, 2016, and another 25,000 by December 31, 2016.
And so the problems continue.
This week, resettlement service providers in major cities across the country asked the government for a pause in accepting new refugees.
This is the polite way of saying the Trudeau plan is still not working.
The groups who work directly with newly arriving refuges – the people tasked with ensuring these refugees are housed, fed, and enrolled in language and integration courses – are completely overwhelmed. They are throwing up their hands and asking the government to slow down.
Therefore, while Trudeau was in Davos this week, delivering a braggadocio speech about Canada’s generosity vis-à-vis refugees, the professionals on the ground were left scrambling.
These service providers are at the mercy of the federal government and have been given an impossible task. Not only do they have to navigate the bureaucracy to receive funding that is limited and conditional, they have also been asked to expedite the process and triple their capacity.
No wonder they want a delay in accepting refugees.
Meanwhile, there is a parallel private sponsorship refugee program that is under-utilized and offering to do more.

Friday, January 22, 2016

We didn’t blow up pipelines; Ex-militant leaders

Tompolo

Ex-militant leaders yesterday distanced themselves from the bombings of oil and gas pipelines in the Niger Delta region especially in Delta State.
The former warlords from the six Niger Delta states said none of them including Chief Government Ekpemupolo, aka Tompolo, was involved in the recent destruction of oil installations.
The government said the destruction of pipelines has reduced electricity supply by over 600mw while not less than N470milion is lost daily. It has already led to the shutting down of Port Harcourt and Kaduna Refineries.
Defence Minister Mansur Dan-Ali and led a team of Defence Chiefs to the site of the pipeline sabotage in Warri South, Delta State and vowed to deal with the culprits.
The attack on the pipelines started after a high court declared Tompolo wanted when he failed to appear to answer charges of money laundering and fraud levelled against him.
The ex-militant leaders, under the aegis of the Leadership Peace and Cultural Development Initiative (LPCDI) said unknown criminal elements, who were bent in causing disaffection between the region and the Federal Government, were behind the act.

Metuh granted N300m bail

National Publicity Secretary, Peoples Democratic Party, Mr. Olisa Metuh,
appearing for his trial at the Federal High Court in Abuja on Tuesday

The National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh have been granted bail in the sum of N300 millions by a Federal Capital Territory High Court on Friday. He is also expected to provide two sureties in like sum.
Metuh is standing trial for destroying the statement he made to the Economic and Financial Crimes Commission (EFCC) operatives during investigation into his alleged involvement in the diversion of arms procurement fund.
He was arraigned by the EFCC on a two-count charge on Thursday.

European Union at grave risk over migrant crisis – Manuel Valls warns

Manuel Valls (French Prime Minister)

French Prime Minister Manuel Valls has warned that Europe's migration crisis is putting the EU at grave risk.
He told the BBC Europe could not take all the refugees fleeing what he called terrible wars in Iraq or Syria.
"Otherwise," he said, "our societies will be totally destabilised."
Over a million migrants, mostly refugees, arrived in Europe last year, many making perilous journeys. On Friday, at least 21 people were killed as their boats sank off Greek islands.
Mr Valls also said that France would seek to keep its current state of emergency until a "total and global war" against so-called Islamic State (IS) was over.
The measures were introduced after the IS-led Paris attacks on 13 November and then extended for three months.

Oklahoma Ex-Cop Gets Life in Prison over Rapes, Sex Assaults


A one-time police officer convicted of raping and sexually victimizing women while on duty in a low-income Oklahoma City neighborhood was ordered Thursday to spend the rest of his life in prison.
Jurors had recommended that Daniel Holtzclaw be sentenced to 263 years in prison for preying on women in 2013 and 2014. District Judge Timothy Henderson agreed, said Holtzclaw will serve the terms consecutively and denied his request for an appeal bond.
Holtzclaw waived his right to remain in custody in the county jail for 10 days, instead opting to be taken directly to prison. Defense attorney Scott Adams said Holtzclaw will appeal.
"It is what it is," Adams said. "It wasn't a surprise."
Oklahoma County District Attorney David Prater had strong words for Holtzclaw, who was convicted last month on 18 counts, including four first-degree rape counts as well as forcible oral sodomy, sexual battery, procuring lewd exhibition and second-degree rape. Holtzclaw was acquitted on 18 other counts.

IMF boss set to run for second term



Christine Lagarde (IMF Chief)

The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term.
Ms Lagarde threw her hat into the ring during an appearance on French television. She told France-2 television on Friday that she wanted to continue at the helm of the organization, which has coordinated bailouts for countries and monitors economic reforms globally. Britain and Germany gave key backing Thursday, and Lagarde said she had also received support from China, South Korea and Mexico.
Developing countries have increasingly opposed an informal arrangement by which a European heads the IMF. The sister organization, the World Bank, has until recently typically been led by an American.

Thursday, January 21, 2016

More than corruption could have undermined Boko Haram Fight - Yan St-Pierre

A number of prominent figures connected to the administration of former President Goodluck Jonathan have been accused of corruption in recent weeks, including ex-national security adviser Sambo Dasuki and Alisa Metuh, the spokesman for Jonathan’s party.
Both are accused of diverting money meant to equip soldiers. Dasuki, possibly the highest-profile case, is said to have approved over $2 billion in fictitious arms contracts, a charge he denies.
Boko Haram’s six-year long insurgency has killed many people and forced over two million Nigerians to flee their homes. 
Buhari had campaigned on defeating the group and cracking down on corruption.

A New Planet (9th) may be unveiled by Scientists shortly to replace Pluto


An artist's rendering shows the distant view from "Planet Nine" back towards the sun,
in this handout photo provided by the California Institute of Technology (Caltech)
in Pasadena, California, Jan. 20, 2016.

One of the scientists responsible for demoting Pluto in our solar system may have found a replacement.  

California Institute of Technology Astronomers, Mike Brown and Konstantin Batygin have run the numbers and say they are convinced they have found a giant planet way out in the farthest reaches of our sun's gravitational reach.  

The scientists say they have not seen the planet, but have determined that something they call a "distant eccentric planet" is pushing around a bunch of smaller objects out in deep space.  They do know, by its gravitational effects, it is huge, likely at least 10 times bigger than Earth.  That is almost as large as Neptune

They have not given it a name, but say that if it is out there telescopes should be able to see it within the next few years.  

Asian Markets Slump on another Trading Day


Oil resumed its slide in Asia Thursday, reversing earlier gains as the supply glut and weak demand that sent prices to more than 12-year lows showed no sign of letting up.
The commodity has taken a hammering so far in 2016, with both main contracts already down about 25 percent.
Asian markets swung wildly but ended lower, continuing their recent slide over concerns about plummeting oil prices and a slowing global economy.
Tokyo closed down nearly 2.5 percent, erasing gains made earlier in the day. Shanghai dropped over 3 percent. Hong Kong ended down nearly 2 percent.
Experts blame the sell-off on investor pessimism over plunging oil prices, China's economic slowdown, and a gloomy outlook for the overall global economy this year.
Crude oil prices, which have been falling since 2014, rose slightly in Asia Thursday. But concerns remain about an oversupply.

Wednesday, January 20, 2016

Anxiety in the Air as World Economic Forum kicks off in Davos


A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets, slowdown in China and plunging oil prices.
As global stock markets suffered another day of hefty losses and oil prices sank to fresh 12-year lows, there was a high degree of concern about the outlook for the global economy this year.
High on the agenda was plunging oil prices and how they are connected to the downturn in Chinese economy.

Thursday, January 14, 2016

Naira crashes further to N295 to dollar at parallel market


The naira continued its slide against the dollar at the parallel market on Wednesday trading at N295 to the dollar. It was traded N290 to the dollar at the same segment in Lagos on Tuesday.
The naira exchange rate was, however, stable at N197 to the dollar at the official market on Wednesday. The naira has depreciated steadily since Monday when the apex bank stopped the weekly sale of foreign exchange to Bureau de Change operators in the bid to sanitise the market.
Traders at the market said that they were concerned about the depreciating naira exchange rate in the black market. They, however, expressed optimism that the policy might impact positively on the market in the long run.
CBN Governor, Mr. Godwin Emefiele announced the new foreign exchange policy at a media briefing in Abuja on Monday.
He said that the new policy was to stop “rent seeking activities’’ in the market.