As innovators, investors and world leaders converge in Silicon Valley, California, United States, on Wednesday to discuss the future of Africa at the African Diaspora Investment Symposium (ADIS), attention would be divided over the ripple effect of the collapse of Silicon Valley Bank (SVB), the bank of choice for most startups and venture capitalists, and the influence it had on the startup world, especially fintechs in Africa. This is as a new study has said 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds on the heels of SVB’s…
Author: Osas Monday
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The United States on Tuesday inaugurated its first permanent army base in Poland, which the ambassador to Warsaw said was a sign of NATO unity in the face of Russian aggression. More than 10,000 US soldiers are currently stationed in Poland, which has become the main transit country for international aid and equipment to neighbour […] The post US inaugurates first permanent army base in Poland appeared first on The Guardian Nigeria News – Nigeria and World News.
Iran’s supreme leader on Tuesday said the Islamic republic is not “upset” with European nations and is ready to work with them if they do not “blindly follow US policies”. Ayatollah Ali Khamenei, in a speech marking the Persian New Year, accused the United States and some European countries of being behind women-led Iranian protests that flared in September last year. Khamenei said the West had sought to isolate Iran to no avail, adding that “we have strengthened our ties with Asia 100 percent, and we will continue this”. He said Iran’s relationship with the West had “weakened”, but “we…
NOW A blast at a home in central Mexico that doubled as an unauthorized fireworks producer killed at least seven people and injured 15 others, state officials said. “The explosion occurred inside a house where fireworks were being clandestinely manufactured and stored,” the Morelos state office of civil protection said late on Monday. The accident happened… 8 mins ago French President Emmanuel Macron told allies Tuesday he plans to keep the government in place and not dissolve parliament, defying opponents and widespread public anger over his pensions reform. Police arrested another 234 people in Paris on Monday night during clashes…
French President Emmanuel Macron told allies Tuesday he plans to keep the government in place and not dissolve parliament, defying opponents and widespread public anger over his pensions reform. Police arrested another 234 people in Paris on Monday night during clashes between protesters and security forces, with several groups burning trash bins, bikes and other objects. The latest unrest came after Macron’s centrist government narrowly survived two no-confidence motions in parliament on Monday, meaning the legislation to raise the retirement age from 62 to 64 looks almost certain to enter into force. But anger over the government’s decision to invoke…
Devastating climate impacts are hitting faster than expected as the world teeters on reaching the 1.5 degree Celsius warming limit in a little over a decade, the UN said Monday. Temperatures seen in recent years have stoked destructive storms and flooding, crop-wilting heatwaves and deadly droughts. But generations to come will look back on the hottest years of the 2020s as relatively cool, even if planet-warming fossil fuel emissions drop quickly, the UN’s climate advisory panel said in a key report. The 36-page “summary for policymakers” — a synthesis of six major reports since 2018 from the Intergovernmental Panel on…
Xi Jinping and Vladimir Putin applauded on Monday the solidity of their alliance as the Chinese leader headed to Moscow for a summit with the internationally isolated Russian president. Xi described his trip as a “journey of friendship, cooperation and peace”, though China has been criticised by Western nations for what they consider tacit backing and diplomatic cover for Russia’s war in Ukraine. “I look forward to working with President Putin to jointly adopt a new vision” for relations, Xi wrote in a signed article in the newspaper Russian Gazette that was also carried by Chinese state news agency Xinhua.…
The UN’s migration agency should not get itself dragged into domestic policy debates, its chief Antonio Vitorino told AFP, as he seeks a second term leading the organisation. “Migration has become a highly politicised area, and even a highly polarised area,” the 66-year-old former Portuguese deputy prime minister said. “Some people would like us to be more vocal in some moments of the internal migration debate, but we do not take sides,” he said, noting how the topic is being fiercely debated in countries like Britain, France and the United States. Vitorino is standing for re-election as director general of…
South Africa braced for protests on Monday after a left-wing party called for a “national shut-down”, sparking fears of a repeat of unrest that turned deadly two years ago. Authorities said there would be a heavy police presence to deal with any possible violence, after the third largest party, the Economic Freedom Fighters (EFF) urged South Africans to take to the streets and bring the country to a halt. “The president has instructed law enforcement agencies to ensure that we do not have to see the repeat of those scenes that we saw back in 2021,” President Cyril Ramaphosa’s spokesman…
Palestinian militant group Islamic Jihad said Sunday one of its commanders had been shot dead in Syria in an assassination the Iran-backed group blamed on Israeli agents. The Gaza Strip-based group said Ali Ramzi al-Aswad, 31, was killed Sunday morning “by agents of the Zionist (Israeli) enemy” in the countryside outside the Syrian capital Damascus. […] The post Islamic Jihad says Israel killed commander in Syria appeared first on The Guardian Nigeria News – Nigeria and World News.