Surges
Egypt court acquits TikTok stars jailed over ‘debauchery’
An Egyptian appeals court has acquitted two young women imprisoned for “attacking society’s values” over videos they published on TikTok. The women had been sentenced to two years in prison last July for “breaching public morals”. “The court of appeal accepted the appeal filed by Haneen Hossam and Mawada al-Adham against their imprisonment … on charges of incitement to debauchery and attacking society’s values,” a court official said on Tuesday, asking not to be named. Hossam, 20, was acquitted after being jailed for encouraging women among her 1.3 million subscribers to broadcast videos in exchange for money, while al-Adham’s two-year sentence for publishing indecent photos and videos was cancelled. Hossam’s lawyer Hussein El Bakar told Thomson Reuters Foundation that her client, a studen...
Yuletide: Children are happier with gifts than excursions – study
Kids aged between three and 12 are happier when given material gifts than being taken on pleasure trips, a recently released study suggests. The findings, published in September in the International Journal of Research in Marketing, revealed that while adults tend to be thrilled by experiences, younger kids are more drawn to material goods. This effect, however, changes over time as a child’s cognitive skills increase, the study compiled by a team of researchers at the University of Illinois stated. “Across four studies with children and adolescents of ages 3–17 years, we show that children (ages 3–12) derive more happiness from goods than from experiences, but the effect changes over time,” it said. An associate professor of marketing at the Chicago-based institution, Lan Nguyen Chaplin, ...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...