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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 ...

Plateau United coach seeks financial support to achieve Champions League Semi final target

Plateau United coach Abdu Maikaba has stated that they need the required support to meet the target of semi-finals of the 2020/2021 CAF Champions League. The former Akwa United coach admitted the 2017 NPFL champions will require even more backing and hard work to realize their last-four ambition in the competition – a feat which was last achieved by a Nigerian club – Sunshine Stars in 2012. “They (Plateau State Government) gave us enough support, but actually, we have to work very hard to achieve that target,” he said. “Getting to the semi-finals (of the CAF Champions League) is not an easy task, and we have to work very, very hard. We have to be given all the necessary support to get there. “In terms of personnel, like the replacement of players, I have to get the support to make the repl...

Ivory Coast’s Guillaume Soro faces war crimes lawsuit in France

File Photo Ivory Coast’s former prime minister Guillaume Soro, a rebel leader before he entered politics, is facing a lawsuit in France for war crimes, torture and murder, lawyers told AFP. The plaintiffs say the case is being filed in France because Soro has been living in the country since 2019. Late last month, he was handed a 20-year jail term in Ivory Coast for embezzlement, money laundering, and buying a mansion in the West African country’s main city Abidjan with public money. The Abidjan court fined him nearly seven million euros ($7.6 million), ordered the confiscation of his Abidjan home and barred him from civic duties for five years, which effectively eliminates the 47-year-old from contesting presidential elections due in October. Soro denies all accusations. The latest lawsui...