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June 12 protest: Police arrest Agba Jalingo

A right activist and a newspaper publisher, Agba Jalingo, has been arrested by the police in Calabar, Cross River State, Nigeria’s South-south. Jalingo is the publisher of Cross River Watch, an online newspaper with focus on Cross River State. He was arrested at the police headquarters, Calabar, on Friday where he went to honour an invitation by the Commissioner of Police in the State, Kayode Sikiru, Cross River Watch said in a report. The newspaper said Sikiru invited Jalingo to the police headquarters to discuss the planned nationwide June 12 protest which the latter is said to be coordinating in the state. After discussions, Jalingo was reportedly referred to another officer who informed him that the police had received a petition which accused him of being an arms dealer, the newspaper...

Australia’s competition chief claims victory after Facebook standoff

The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...

Gold rises on renewed US stimulus hope, dollar falls

Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...