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Peter Atitebi

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News

Dozens of Naked Migrants Found in Secret Johannesburg House

South African authorities have discovered 26 Ethiopian nationals being held against their will in a Johannesburg residence. The police operation, conducted Thursday evening in a northeastern suburb, was initiated after neighbors alerted law enforcement. Upon arrival, officers found 15 individuals without clothing inside the property, while 11 others were discovered in the vicinity with injuries. The injured migrants had reportedly escaped through a window after breaking through security bars. Law enforcement arrested three suspects at the scene and recovered an illegal firearm. The suspects face allegations related to human trafficking, though investigations are ongoing to determine the full scope of the operation. The Hawks, South Africa's specialized crime unit, confirmed that the injured individuals received medical treatment. Colonel Philani Nkwalase, the Hawks' spokesperson, indicated that authorities are processing the 26 undocumented individuals to verify their status as trafficking victims. This […]

Peter Atitebi January 10, 2025

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Finance

UK’s Borrowing Costs Soar to 16-Year High as Chancellor Jets Off to China!

Chancellor Rachel Reeves faces crucial financial decisions as UK borrowing costs reach their highest level in 16 years, according to former Bank of England deputy governor Sir John Gieve. Reeves, who committed to not borrowing for day-to-day spending and reducing debt relative to national income, must now navigate between increasing borrowing, raising taxes, or reducing public spending. The UK's 10-year borrowing costs have climbed to levels not seen since 2008, while the pound has dropped below $1.22 against the dollar. Unlike typical scenarios where higher borrowing costs strengthen the pound, analysts suggest broader concerns about the UK economy affect sterling's value. The Treasury has maintained that markets continue to operate normally, ruling out emergency intervention. The global rise in government borrowing costs stems from investor concerns about U.S. economic policies and inflation risks. Sir John Gieve noted that UK yields […]

Peter Atitebi January 10, 2025

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News

Legal Dispute Unfolds Between General Hydrocarbons Limited and First Bank of Nigeria

General Hydrocarbons Limited (GHL), the operator of OML 120 in Deep Offshore Nigeria, has addressed its ongoing legal dispute with First Bank of Nigeria Limited (FBN), highlighting their complex business relationship. According to a statement released Friday by GHL Board Chairman Nduka Obaigbena, the companies entered into a Subrogation Agreement whereby GHL provided financial assistance to FBN, helping address its Non-Performing Loans (NPLs). This partnership subsequently enabled the exploration and development of OML 120. The collaboration has faced challenges, with GHL alleging that FBN breached obligations under both the Subrogation and Tripartite Agreements. The matter is currently being addressed through court proceedings and arbitration. While GHL reports obtaining a favorable court judgment, they state that FBN has not complied with the ruling. GHL maintains its financial stability and operational capability, citing achievements in oil and gas discoveries. The company acknowledges […]

Peter Atitebi January 10, 2025

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News

Proposed Federal Rule Could Dramatically Reduce Nicotine in Cigarettes

The Biden administration is preparing to propose new regulations limiting nicotine levels in cigarettes, expected to be announced as early as Monday. This initiative comes after the administration's previous commitment to ban menthol cigarettes remained unfulfilled. The proposed regulation would focus specifically on traditional cigarettes, excluding other tobacco products such as e-cigarettes and nicotine replacement therapies. While specific nicotine reduction targets haven't been disclosed, research indicates levels may need to be reduced by approximately 95% to minimize addiction potential. The Centers for Disease Control and Prevention identify cigarette smoking as the leading preventable cause of death in the United States, resulting in over 480,000 deaths annually. Research from a 2018 FDA study projects that implementing a nicotine cap could prevent 16 million people from developing smoking addiction by 2060, potentially reaching 33.1 million by 2100. The initiative's origins trace back […]

Peter Atitebi January 10, 2025

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News

Steel Giant’s CEO Makes Desperate Appeal to Trump After Biden’s $15B Deal Rejection

The $15 billion acquisition of U.S. Steel by Japan's Nippon Steel has hit a significant roadblock after President Biden blocked the deal, citing national security concerns. Following the decision, both companies have initiated legal action against the administration. U.S. Steel CEO David Burritt has turned to President-elect Donald Trump, hoping for a different outcome under the incoming administration. During a CNBC interview, Burritt expressed optimism about Trump's potential business-oriented perspective on the deal, despite Trump's opposition to the acquisition. The deal has garnered mixed responses from stakeholders. Twenty mayors and community leaders from Pennsylvania and Indiana supported the acquisition in a December letter. However, United Steelworkers International opposed the deal and welcomed Biden's decision to block it. Burritt defended the acquisition's merits, stating that any national security concerns could be addressed. He argued that the deal would strengthen national security, […]

Peter Atitebi January 7, 2025

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Politics

Federal Judge’s Last-Minute Decision Throws Trump Investigation into Chaos

A federal judge has temporarily halted the release of special counsel Jack Smith's investigative report concerning President-elect Donald Trump's classified documents case. U.S. District Judge Aileen Cannon issued a temporary injunction on Tuesday, which will remain active until three days after the 11th Circuit Court makes its ruling on a separate blocking request. This separate request comes from Trump's co-defendants Walt Nauta and Carlos De Oliveira, who filed their motion Monday evening, referencing Cannon's earlier decision regarding Smith's appointment's constitutionality. Judge Cannon stated her decision aims to "preserve the status quo" pending the higher court's determination. Her order specifically restricts Attorney General Merrick Garland, the Department of Justice, Special Counsel Smith, and all associated personnel from sharing the Final Report or its drafts beyond the Department of Justice's boundaries. This restriction extends to any information or conclusions in the report […]

Peter Atitebi January 7, 2025

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Politics

US Plans Humanitarian Aid Changes for Syria, Sanctions to Remain Intact

According to sources close to the matter, the United States is preparing to announce modifications to its humanitarian aid restrictions for Syria while maintaining its existing sanctions framework. The Biden administration's forthcoming policy adjustment will ease limitations on providing essential services, including electricity and basic aid. The policy revision comes after discussions between US officials and Syria's new governing faction, Hayat Tahrir al-Sham (HTS), which assumed control following the December 8 uprising that ended the Assad family's five-decade rule. While HTS remains classified as a terrorist organization by the United States, the group has publicly distanced itself from its previous Al-Qaeda connections. Under the new provisions, the US Treasury Department will be authorized to grant waivers to organizations and businesses delivering humanitarian supplies and basic utilities such as water and electricity. The Wall Street Journal reports that these changes, approved […]

Peter Atitebi January 6, 2025

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News

“Biden Implements Extensive Offshore Drilling Restrictions

President Joe Biden has banned new offshore oil and gas drilling across major portions of US coastal waters, preceding Donald Trump's upcoming presidency. The policy encompasses the Atlantic coastline, eastern Gulf of Mexico, Pacific waters off California, Oregon, and Washington, and portions of Alaska's Bering Sea. This action joins several recent climate-related policies enacted by the Biden administration. Despite current record extraction levels, Trump's campaign promoted increased domestic fossil fuel production to reduce gas prices. "Drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary for our nation's energy needs," Biden stated, citing concerns from coastal communities and businesses. The ban, implemented under the 1953 Outer Continental Shelf Lands Act, covers 625 million acres. A 2019 court ruling established that presidents cannot reverse previous drilling bans under this law, potentially complicating Trump's ability to […]

Peter Atitebi January 6, 2025

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News

RuPaul’s Drag Race UK Champion The Vivienne Passes Away at 32

James Lee Williams, known professionally as The Vivienne, has died at age 32. Publicist Simon Jones confirmed the news, describing Williams as "an incredibly loved, warm-hearted, and amazing person." The Welsh performer achieved prominence after winning the inaugural season of RuPaul's Drag Race UK in 2019. Following this success, Williams built a diverse career in entertainment, competing in Dancing On Ice 2023, where they placed third, and starring as the Wicked Witch of the West in The Wizard of Oz musical's UK and Ireland tour, later performing the role in London's West End at the Gillian Lynne Theatre. Williams' drag name was inspired by their appreciation for Vivienne Westwood's fashion. Their television appearances included competing in RuPaul's Drag Race All-Winners season in 2022 and hosting BBC Three's "The Vivienne Takes On Hollywood" in 2020. Michelle Visage, a judge on RuPaul's […]

Peter Atitebi January 5, 2025

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Politics

Secret Mar-a-Lago Summit Could Make or Break Trump’s Second Term

According to three sources involved in the planning process, multiple groups of House Republicans have received invitations to meet with President-elect Donald Trump at Mar-a-Lago next weekend. The invitations, coordinated between Trump's team and Speaker Mike Johnson's office, target Republican factions, including House Freedom Caucus members, representatives from states affected by SALT deduction caps, and key committee chairs. The meetings are scheduled between January 10 and 12 at Trump's Florida residence. These gatherings follow Friday's speaker vote, during which Trump intervened to secure support for Johnson's re-election from two initially opposing representatives. The meetings also precede an upcoming reconciliation package that is expected to include extensions of Trump's 2017 tax legislation. According to two sources, the meetings aim to align Republican lawmakers from various ideological backgrounds on upcoming legislative initiatives. The Trump transition team has not provided an official comment […]

Peter Atitebi January 5, 2025

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