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Politics

Nigeria mulls G20 bloc membership as president heads to India to...

Prince Ebuka - September 4, 2023

Nigeria Nigeria’s President Bola Tinubu left for India on Monday to attend this year’s G20 summit, as his...

Crime

Video of Christian women paraded naked through village triggers outrage

Skynewsafrica - July 20, 2023

India Two Christian women were filmed being paraded naked around an Indian village in an online video that...

Crime

Fresh clashes over India law, death toll hits 10

Samia Gazala - December 20, 2019

INDIA Fresh deadly clashes between Indian police and demonstrators erupted on Friday after more than a week of unrest...

Crime

Twenty Indians aboard oil tanker abducted in Gulf of Guinea

Mumbere Peter - December 17, 2019

TOGO The Gulf of Guinea has hogged news headlines again as a hotbed of global maritime piracy. The latest...

Crime

India gang-rape shootings revives extrajudicial killing fears

Samia Gazala - December 9, 2019

INDIA The shooting of four gang-rape and murder suspects by Indian police has highlighted the scourge of extrajudicial killings...

News

Inside Pope Francis’ visit to Indian ocean nations

Mumbere Peter - September 3, 2019

MADAGASCAR Pope Francis’ visit to the African nations of Mozambique, Madagascar and Mauritius, will feature some interesting highlights as...

News

Collapsed wall kills 22 in Mumbai monsoon chaos

Kate Howard - July 3, 2019

INDIA A wall collapsed and killed at least 22 people in Mumbai on Tuesday as the heaviest monsoon rains...

Indian doctors strike over violence from patients and families

News

India doctors call off strike after gov’t pledges better security

Kate Howard - June 17, 2019

INDIA Doctors in India's West Bengal state on Monday called off a week-long strike after authorities promised better workplace...

News

Indian doctors strike over violence from patients and families

Kate Howard - June 17, 2019

INDIA Tens of thousands of Indian doctors went on strike Monday calling for more protection against violence by patients...

News

Water tankers prove a lifeline for India’s parched villages

Kate Howard - June 12, 2019

INDIA As Gajanand Dukre parks the water tanker in a drought-stricken Indian village, dozens of locals -- mostly women...

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sky news africa South Sudan activist flees to US, says Kiir wanted him dead

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sky news africa Global stock markets and oil prices plunged Monday as panicked investors bolted into safer assets such as gold after China warned that the spread of a deadly new coronavirus was accelerating. China extended its traditional Lunar New Year holidays to buy time in the fight against the epidemic, prompting neighbouring Mongolia to close its border after the death toll spiked to 81 despite unprecedented quarantine measures. Fears of a repeat of the 2003 SARS outbreak, which also began in China, spooked investors who only recently pushed markets to record highs -- meaning there was plenty of room for a reverse. All sectors were hit but luxury goods makers and airlines suffered particularly as Chinese tourist spending is a key factor for them. Wall Street opened lower, quickly losing nearly two percent as the global sell-off continued, adding to the pressure on Europe. In mid-afternoon trade in Europe, London was down some 2.2 percent, with Paris and Frankfurt doing even worse with losses of some 2.6 percent each. Oil prices were down around 2.5 percent, coming off early lows hit on concerns over demand from the world's top energy consumer China. - 'Major panic' - "Market participants in Europe have grave concerns about coronavirus," said Ava Trade analyst Naeem Aslam. "The bottom line is that the virus has become deadly and it has caused a major panic in markets." Chinese President Xi Jinping warned over the weekend that China was facing a "grave situation" given the "accelerating spread" of the new SARS-like virus that has infected nearly 3,000 people across the country. Analysts said there were growing fears the crisis could become as bad as the Severe Acute Respiratory Syndrome (SARS) outbreak that hammered markets and the global economy in 2003. "Coronavirus fears have gripped the markets... as all the major European equity benchmarks are nursing big losses," said analyst David Madden at trading firm CMC Markets UK. "Stocks that are connected to China are feeling the pain... as traders are afraid the health crisis will curtail economic activity." The outbreak has led China to lock down the epicentre of the disease, Wuhan -- a city of 11 million people -- while imposing tight travel restrictions on a number of other cities including Beijing. The move comes during the Lunar New Year holiday when hundreds of millions of people criss-cross the country and spend billions of dollars. The government decided late Sunday it would extend the holiday and related school closures beyond the January 30 end date to "reduce population flows", state media said. Most Asian markets were closed for the Lunar New Year break but Tokyo was open and fell two percent. Bangkok plunged nearly three percent on worries about the Thai travel sector. AFP / Behrouz MEHRI Tokyo stocks fell while other Asian markets were closed The flight to safety saw the yen rally against the dollar, with the unit now up more than one percent from eight-month lows touched earlier this year. Gold, another go-to asset in times of turmoil and uncertainty, is heading back towards $1,600 per ounce and the six-year peaks touched at the start of January. While the main focus is on the spread of the virus, traders will also be keeping an eye on the release of earnings this week from top companies including Apple, Facebook and Samsung. The oil market had already tumbled more than six percent last week owing to concerns about the effects on demand in China, which is the world's number two economy after the United States. - Key figures around 1430 GMT - London - FTSE 100: DOWN 2.17 percent at 7,421.71 points Frankfurt - DAX 30: DOWN 2.52 percent at 13,234.06 Paris - CAC 40: DOWN 2.58 percent at 5,869.95 New York - DOW: DOWN 1.5 percent at 28,543.75 EURO STOXX 50: DOWN 2.41 percent at 3,687.90 Brent Crude: DOWN 2.57 percent at $58.35 per barrel West Texas Intermediate: DOWN 2.40 percent at $52.89 Tokyo - Nikkei 225: DOWN 2.0 percent at 23,343.51 (close) Hong Kong - Hang Seng: Closed for a public holiday Shanghai - Composite: Closed for a public holiday Dollar/yen: DOWN at 108.94 yen from 109.28 yen Friday Euro/dollar: DOWN at $1.1015 from $1.1025 Pound/dollar: DOWN at $1.3060 from $1.3073 Euro/pound: UP at 84.37 pence from 84.34 pence

World News

A Nigerian Bishop wants youths to occupy judiciary, sacks corrupt politicians

16 Days Activism: Group NAWE, harps on multi-sectoral approach to end…

25 killed when truck overloaded with food items and people crashes…

Mali: Niger’s military leader makes first foreign visit to Bamako

Energy Theft: Nigeria’s electricity coy JED, identifies staff as culprits

Nigeria’s electricity coy, JED, hits N4b revenue, targets N5b in December

Nigeria’s energy coy JED, to partner Police Chief, others to curb…

Nigeria’s electricity coy JED, wants branded cables to boost power supply

Egypt resumes commercial flights to Sudan for the first time since…

Tag: India

Nigeria mulls G20 bloc membership as president heads to India to...

Video of Christian women paraded naked through village triggers outrage

Fresh clashes over India law, death toll hits 10

Twenty Indians aboard oil tanker abducted in Gulf of Guinea

India gang-rape shootings revives extrajudicial killing fears

Inside Pope Francis’ visit to Indian ocean nations

Collapsed wall kills 22 in Mumbai monsoon chaos

India doctors call off strike after gov’t pledges better security

Indian doctors strike over violence from patients and families

Water tankers prove a lifeline for India’s parched villages

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South Sudan activist flees to US, says Kiir wanted him dead

Lubaina Himid’s groundbreaking exhibition opens in London

Nigeria’s Military taskforce battle virus with gifts, love

Mozambique president reelected with 74%, opposition rejects results

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Stocks, oil prices tumble as deadly China virus rattles markets

The last run: White says Olympics will be his final contest

2023 Election: We want northern President – Nigeria’s Northern Christian group...

Medical women urges Nigeria’s govt to make breast cancer treatment free

EDITOR PICKS

A Nigerian Bishop wants youths to occupy judiciary, sacks corrupt politicians

16 Days Activism: Group NAWE, harps on multi-sectoral approach to end...

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