Bank of Japan: Middle East War Squeezing Economy
Rising energy costs and fractured supply chains are threatening to derail Japan’s fragile economic recovery….
Rising energy costs and fractured supply chains are threatening to derail Japan’s fragile economic recovery. In its quarterly report released on April 6, the Bank of Japan (BOJ) warned that the war in the Middle East is beginning to squeeze regional businesses. Policymakers noted that while the domestic economy remains resilient, the closure of the…
Gold prices slipped on Monday as a resurgent dollar and robust American labour data outweighed the geopolitical risk premium from the Middle East. Spot gold fell 0.4 per cent to $4,658.90 per ounce, retreating from recent highs despite the ongoing maritime blockade in the Persian Gulf. Investors are recalibrating their portfolios as the prospect of…
Benjamin Netanyahu has dismissed his acting chief of staff, Ziv Agmon, following a wave of indignation over leaked racist remarks. In a late-night post on X, the Israeli Prime Minister announced that Ido Norden would take the post in the coming days. The exit follows reports that Agmon referred to Jews of Moroccan descent as…
The youth wing of the African Democratic Congress (ADC) has threatened nationwide protests unless the electoral umpire reverses its recent leadership “derecognition.” During a heated press conference in Abuja on Monday, National Youth Leader Balarabe Rufa’i gave the Independent National Electoral Commission (INEC) 72 hours to reinstate David Mark and Rauf Aregbesola as the party’s…
Narcotics agents in Edo State have intercepted a massive haul of “skunk” cannabis as part of a renewed crackdown on regional trafficking hubs. On Monday, the National Drug Law Enforcement Agency (NDLEA) confirmed the seizure of 125 bags of the illicit weed, weighing a total of 1,378kg. The operation took place in the Igbanke community…
The Confederation of African Football has published the definitive roster of 16 countries set to compete at the 2026 Under-17 Africa Cup of Nations, with hosts Morocco leading a field that excludes Nigeria for the second consecutive tournament. CAF confirmed the qualifiers through its official website on Sunday, finalising the lineup after Algeria secured…
The Social Democratic Party’s 2023 presidential candidate, Adewole Adebayo, has publicly criticized the Federal Government’s handling of Nigeria’s deteriorating security situation following a deadly attack in Plateau State that claimed at least 29 lives. Adebayo visited Anguwan Rukuba, the site of the March 29 assault, where he accused the administration of President Bola Ahmed…
Former England striker Gary Lineker has dismissed suggestions that Arsenal’s season is unravelling, insisting the Gunners remain on course to capture their first Premier League title in two decades despite consecutive cup exits. The assertion comes after a turbulent fortnight that saw Mikel Arteta’s side eliminated from both domestic knockout competitions, raising questions about…
Nigeria discards roughly 38 million tonnes of food each year, the highest volume of any African nation, according to data disclosed by the European Union during this year’s International Zero Waste Day commemoration in Abuja. The staggering figure has prompted urgent calls from the EU, Federal Government, and United Nations Industrial Development Organisation for…
A 14-year-old female student has died from a stray bullet while performing household chores within the University of Maiduguri Teaching Hospital quarters, residents confirmed on Sunday. The incident, which occurred on Saturday in the Borno State capital, has intensified local concerns regarding celebratory gunfire and public safety in a region long affected by insurgency….