World

Turkish Crypto-currency founder, Faruk Fatih Ozer, 29 and his two brothers who fled their country to Albania after defrauding unsuspecting populace has been arrested by the Turkish authority and sentenced to 11,196yrs jail term. The court prosecutor has earlier ordered that the Thodex founder, Ozer be sentenced to 40,562yrs in prison for charges bordering on money laundering, fraud and the establishment of a criminal organisation.

The Committee of Chiefs of Defense Staff of Economic Community of West African States (ECOWAS) has set off an important meeting today, August 2, 2023, at Defense Headquarters (DHQ), Abuja, following a seven (7) day ultimatum issued to the Military junta in Niger to reinstate the democratic leadership or risk military action.

The World Health Organisation (WHO) has warned leaders against relaxing COVID-19 protocols, saying the pandemic is not yet over. WHO Director-General Tedros Ghebreyesusi gave this warning yesterday in Geneva while speaking to journalists, that after declining of the pandemic, there are reports that it has surged globally in the last few days. Ghebreyesus said, especially in some parts of Asia a combination of factors like misinformation that the pandemic was over leading to the lifting of face mask, abolishing social distancing are responsible for the surge in the global index.

Efforts to dislodge the stricken container ship blocking the Suez canal continue as fears mount that the operation could take days or weeks. The 400-metre-long Ever Given mega-container ship ran aground on Tuesday and has blocked traffic through one of the world’s busiest shipping routes. Despite efforts to free the ship, it could take weeks to remove experts say. According to shipping data, the stranded Ever Given in the Suez Canal is said to be holding up an estimated $9.6bn (£7bn) of goods each day. This works out at $400m an hour in trade along the waterway which is a vital passageway between east and west.

Yoo Myung-hee, the South Korean candidate for the World Trade Organisation (WTO) Director-General position has voluntarily withdrawn from the race as a candidate. With this new development, the Nigerian candidate, Ngozi Okonjo-Iweala may clinch the office as she has remained the only candidate for the position.

Chinese authority has finally congratulated United States President-elect, Joe Biden today a week after he was declared the winner of the American Presidential race saying it respect “the choice of the American people”. The US-China relation has grown sour in the last few years of the Trump administration after 40 years of a good relationship between the two giants.