Nov
Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...
Millions of Americans risk losing jobless benefits as Donald Trump refuses to sign aid bill
Millions of Americans are about to see their jobless benefits expire on Saturday as U.S. President Donald Trump has so far refused to sign into law a $2.3 trillion pandemic aid and spending package, insisting that it did not do enough to help everyday people. Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec. 26, and $1.4 trillion for normal government spending. Without Trump’s signature, about 14 million people could lose those extra benefits, according to Labor Department data. A partial government shutdown will begin on Tuesday unless Congress can agree a stop-gap government funding bill before then. Af...
California hospitals overrun even as vaccine is rolled out
Even as high profile figures like U.S. Vice President Mike Pence rolled up their sleeves for COVID-19 vaccinations, patients already ill with the disease crowded emergency rooms and overran intensive care units in California, now a worldwide epicenter. Another 41,000 people tested positive in the most populous U.S. state on Thursday, and 300 died, state public health officials said. In a state with 40 million residents, only about 1,200 intensive care beds remained available by Friday – just 2.1% of the total, the California Department of Public Health said. “We anticipated a surge, but I’m not sure if anyone imagined it would be as bad as it has been,” said Adam Blackstone, a spokesman for the Hospital Association of Southern California. Hospitals are strained under the press of patients,...
Kwara announces second wave of coronavirus
The Kwara Medical Advisory Sub-Committee on COVID-19 has announced that a second wave of the pandemic has hit the state. The announcement is contained in a statement issued on Sunday by the committee’s chairman, Femi Oladiji. “Now, there are two epidemiological curves of the disease in Kwara. The first curve peaked between July and August, and then plummeted between September and October, at which stage people thought COVID-19 was winding down. “It is important to state clearly that we now have the second wave of COVID-19 outbreak in Kwara just like a few other states of the country,’’ he said. Mr Oladiji stated that the second curve started early in November with sharp rise in the number of positive cases. He noted that the reasons for the second wave included increase in awareness for vo...
U.S. senators seek possible sanctions over Ethiopia conflict abuses
Two U.S. senators have called on their government to consider imposing sanctions on any political or military officials found to be responsible for human rights violations during a month of conflict in Ethiopia’s northern Tigray region. The proposed resolution was introduced on Wednesday by Senator Ben Cardin, a Democrat, and Senator Jim Risch, a Republican. It was the first such call by U.S. lawmakers since war between Ethiopian federal forces and the Tigray People’s Liberation Front (TPLF) broke out on Nov. 4. The conflict is thought to have killed thousands and displaced more than 950,000 people, according to United Nations estimates, about 50,000 of them into Sudan. Concern has mounted over reports of civilians targeted by both sides, posing a policy dilemma for the United States, whic...
Jigawa Assembly passes 2021 Appropriation Bill
Jigawa State House of Assembly has on Tuesday passed the 2021 Appropriation Bill of N156.588 billion. This followed the adoption of a 2021 appropriation committee’s report led by the House Committee on Appreciation chairman, Hon. Suleiman Kadara, at plenary. Kadara, who is representing Guri Constituency, told the House that the committee had done justice to the appropriation bill presented by Gov. Muhammad Badaru to the house on Nov. 4. Badaru had sought the consideration of the House to appropriate the sum of N156.588 billion for the services of the Jigawa State Government during the period of Jan. 1 to Dec. 31, 2021. Of the figures, N78.346 billion was earmarked for recurrent expenditures, including provisions for contingency and stabilization funds, while N78.241 was for capital expendi...
Egyptian rights group head hopes release will help other prisoners
The head of a leading Egyptian human rights group who was held for two weeks on terrorism charges said Saturday he hoped the campaign to secure his release would help others still jailed on similar Allegations. Activists saw the detention last month of Gasser Abdel Razek, executive director of the Egyptian Initiative for Personal Rights (EIPR), and two of the group’s other staff, as the latest escalation of a broad crackdown on political dissent under President Abdel Fattah el-Sissi. Egypt’s foreign ministry had said EIPR was operating illegally, an accusation the group denies. There has been no official statement from public prosecutors since Abdel Razek’s release, and officials could not be reached for comment. The arrests, which came after EIPR hosted a briefing on human rights for 13 s...
2023: Kogi lawmakers endorse Yahaya Bello for the presidency
Less than one year into his constitutional four-year second tenure mandate as Governor of Kogi State, members of the Kogi State House of Assembly have called on Yahaya Bello to seek a higher office. The 25-member house made the unanimous call at plenary on Wednesday, 2 December, in Lokoja. Bello had on Tuesday presented a budget proposal of N130.5bn for 2021 to the lawmakers. The document was expected to gain attention of the lawmakers when they reconvened Wednesday. They however chose to delve into the uncertain waters of 2023 Presidential politics, asking the governor to throw his hat into the ring. The House in its plenary described Bello as fit for the office in view of his outstanding performances as Governor and in view of the fact that the North Central Zone has also not had the opp...
United Nations, Ethiopia reach aid pact for war-hit Tigray
Ethiopia and the United Nations reached an agreement on Wednesday to channel desperately needed humanitarian aid to a northern region where a month of war has killed, wounded and uprooted large numbers of people. The pact, announced by U.N. officials, will allow aid workers access to government-controlled areas of Tigray, where federal troops have been battling the Tigray People’s Liberation Front (TPLF) and captured the regional capital. The war is believed to have killed thousands, sent 45,000 refugees into Sudan, displaced many more within Tigray, and worsened suffering in a region where 600,000 people were already dependent on food aid even before the flare-up from Nov. 4. Aid agencies had sounded the alarm about a growing humanitarian crisis and been pressing for access, after hundred...
Joe Biden picks diverse team of top economic advisers
President-elect Joe Biden named former Federal Reserve Chair Janet Yellen as his Treasury secretary nominee on Monday, and named three women to other top economic posts, setting the stage for a more diverse White House. While Biden’s transition to the presidency on Jan. 20 appeared to be hitting its stride, he himself was hobbling after fracturing his foot while playing with his dog on Saturday and will wear a protective boot for several weeks, his doctors said. The incoming administration has been hampered for weeks by Republican President Donald Trump, who has refused to concede to Biden, a Democrat. Trump has said without providing evidence that the Nov. 3 vote was fraudulent, claims that state and federal election officials have dismissed. Biden named leading members of an economic tea...
Post-UTME: UNIBEN promises to comply with coronavirus protocols
The University of Benin (UNIBEN) says it is ready to comply with the Nigeria Centre for Disease Control (NCDC) protocols on Coronavirus (COVID-19), ahead of its Post University Tertiary Matriculation Examination (Post–UTME) scheduled for Dec. 2. Dr Benedicta Ehanire, Public Relations Officer of the university, disclosed this in a statement issued on Monday in Benin. She said “The University of Benin has provided hand sanitisers and buckets of water in each examination centre, following the Federal Government directive.” Ehanire also said the university was fully prepared in terms of security, adding that face masks are compulsory for candidates writing the examination. She equally said the date of the examination had not been changed contrary to some speculations. “The 2020/2021 University...
Turkish exploration vessel back in port ahead of EU summit
Turkey’s seismic exploration vessel Oruc Reis returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc will evaluate possible sanctions against Ankara. NATO members Turkey and Greece have conflicting claims to continental shelves and rights to potential energy resources in the eastern Mediterranean. Tensions flared in August when Ankara sent Oruc Reis to map out energy drilling prospects in waters also claimed by Greece. Turkey withdrew Oruc Reis from contested waters ahead of a previous EU summit in October to “allow for diplomacy”, but later sent it back after what it called unsatisfactory outcomes from the summit. Earlier this month, Turkey said Oruc Reis would operate in the region until Nov. 29. The energy ministr...
