News

Nigeria’s Debt Rises to N22.7tn —DMO

The nation’s total public debt increased by 4.52 per cent in the first three months of the year, data from the Debt Management Office showed on Wednesday. The public debt increased from N21.73tn ($71bn) in December 2017 to N22.71tn ($74.28bn) at the end of the first quarter of 2018. The DMO said in a circular




Markets

Trump throws G-7 into disarray with tweets after he leaves summit

LA MALBAIE, Quebec (AP) — Lashing out at the longtime U.S. ally and northern neighbor, President Donald Trump tweeted that Canadian Prime Minister Justin Trudeau is “dishonest & weak” and that the U.S. was pulling back its endorsement of the G-7 summit’s communique in part because of what he called Trudeau’s “false statements” at a




Tech

‘Carbon bubble’ coming that could wipe trillions from the global economy – study

Macroeconomic simulations show rates of technological change in energy efficiency and renewable power are likely to cause a sudden drop in demand for fossil fuels, potentially sparking a global financial crisis. Experts call for a “carefully managed” shift to low-carbon investments and policies to deflate this “carbon bubble”. Individual nations cannot avoid the situation by




Politics

Oil Kingdom in Crisis: Saudi Royal Family Rift Turns Violent

Saudi Arabia has plunged its immediate region into major strategic uncertainty. What can only be described as a serious outbreak of shooting in the Royal Palace in Riyadh on April 21, 2018, was the catalyst for events which could determine the fate of the Crown, the Kingdom, and the regional competition, particularly with Iran, for




Life

Opinion

Why Countries Never Thrive Without Activist Government Investment

By William Berkson History shows that economies have never grown through minimizing government involvement in the economy If there is one national goal that Americans can agree on, it is opportunity for all. However, the political parties have been sharply divided over the role of government in creating economic opportunity. Since President Ronald Reagan, Republicans




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