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☆ Iran’s Call for Oil Embargo on Israel Roils Markets
▼ + stars: | 2023-10-18 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

The prospect of an oil embargo arising from the conflict between Israel and militant groups contributed to a sharp but brief jolt in oil prices on Wednesday. Iran’s foreign minister, Hossein Amir-Abdollahian, called for Islamic countries to boycott Israel, including stopping oil shipments, according to Iranian media. He was speaking at a meeting of the Organization of Islamic Cooperation in Jeddah, Saudi Arabia. Although Israel imports nearly all its oil, analysts said that such an embargo would probably have little immediate impact, because the country does not buy oil from major Persian Gulf producers like Saudi Arabia and the United Arab Emirates or Iran. Instead, Kazakhstan, where oil is mostly produced by joint ventures involving Western companies including Chevron and Exxon Mobil, and Azerbaijan are among Israel’s biggest suppliers.

Persons: Hossein Amir Organizations: Israel, of Islamic Cooperation, United Arab, Chevron, Exxon Mobil Locations: Israel, Jeddah, Saudi Arabia, Gulf, United Arab Emirates, Iran, Kazakhstan, Azerbaijan, Nigeria

☆ ECB starts preparation for digital euro in multi-year project
▼ + stars: | 2023-10-18 | by ( Francesco Canepa | ) www.reuters.com time to read: +4 min

A number of Caribbean countries and Nigeria have already launched digital currencies while China and Sweden are among those that have rolled out pilot projects. The ECB says a digital euro will create competition in the market for payments, dominated by U.S. credit card companies. The digital euro will distributed by the ECB as well as commercial banks and digital wallet providers. Many of these projects surged around 2019, when Facebook announced plans to introduce a digital currency, which were then ditched. But the rise of stablecoins – crypto tokens backed to some degree by traditional currencies – gave central bank’s digital currencies, or CBDC in financial jargon, new impetus.

Persons: Markus Ferber, Francesco Canepa, Alex Richardson, Deborah Kyvrikosaios Organizations: European Central Bank, ECB, Bank of England, Bank of Canada, European People's Party, U.S, Monetary Fund, Commission, Bank for International, Facebook, Thomson Locations: FRANKFURT, Nigeria, China, Sweden

☆ Teju Cole Knows His New Novel Resembles Autofiction. Please Don’t Be Tempted.
▼ + stars: | 2023-10-16 | by ( Anderson Tepper | ) www.nytimes.com time to read: +1 min

“I don’t think there is any way of discussing Teju Cole’s aesthetic without putting front and center this idea of his relentless inventiveness,” the writer Amitava Kumar wrote by email. Cole calls his new novel “a reiteration of my faith in fiction.” But it didn’t come easily or quickly. After “Open City,” Cole began to conceive of a big work of nonfiction on Lagos, his hometown, in the vein of Suketu Mehta’s book “Maximum City,” about Mumbai. (Cole, who often borrows from his own biography in his books, was born in Kalamazoo, Mich. and raised in Nigeria. I think I had to realize that what I have to offer is something else, closer to the bone and more personal.”

Persons: Amitava Kumar, “, Thelonious Monk, Kumar, Cole, ”, ” Cole, that’s Locations: Lagos, ”, Mumbai, Kalamazoo, Mich, Nigeria, United States

LAGOS, Nigeria (AP) — The United Nations said it will repatriate nine peacekeepers from a South African contingent in eastern Congo who were accused of sexual assault and other abuse. The U.N. decided to immediately repatriate the peacekeepers and a senior officer of the South African army “due to the seriousness of the allegations against them,” the organization said in a statement on Friday. Such accusations of sexual abuse by U.N. peacekeepers are not new in various parts of the world, from Congo to Haiti where peacekeepers are deployed. The abuses are particularly rampant in Congo, which accounted for one-third of the nearly 2,000 sexual abuse and exploitation complaints made against the U.N. worldwide in 2017. Last year, Secretary-General António Guterres said the organization has "not succeeded in all respects, but neither have we stood still” in handling the sexual abuse crisis.

Persons: António Guterres Organizations: United Nations Locations: LAGOS, Nigeria, Congo, Haiti

WASHINGTON (AP) — Last year, a teenager in a small Michigan town killed himself after an online chat turned to demands that he pay money to keep intimate photos secret. He was one of dozens of people targeted online by two men extradited from Nigeria to face charges, FBI director Christopher Wray said Saturday. The arrests came after the FBI joined with police in Michigan to investigate the death of 17-year-old Jordan DeMay, one thousands of American teenagers targeted in a sharp rise in online “sextortion” cases in recent years. He was preparing to go a trip to Florida with his father the night before his death, she said. HIs family has since spoken out about his death, urging other parents to talk with their kids about “sextortion” schemes.

Persons: Christopher Wray, Jordan DeMay, “, ” Wray, Wray, DeMay, Samuel Ogoshi, Samson Ogoshi, Samuel Ogoshi's, Samson Ogoshi's, Jennifer Buta Organizations: WASHINGTON, —, FBI, Associated Press, International Association of Chiefs, Police, U.S Locations: Michigan, Nigeria, U.S, Jordan, Upper, Marquette County, Lagos, Ivory Coast, Florida

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. US West Texas Intermediate (WTI) crude gained $1.98, or 2.39%, to $84.89 a barrel. "(A) geopolitical risk premium still lingers around the corner that is likely to support oil prices in the short-term," said Kelvin Wong, senior markets analyst at OANDA in Singapore. Russia is the world's second-largest oil producer and a major exporter and the tighter U.S. scrutiny of its shipments could curtail supply. Oil prices also shrugged off data released on Friday showing a month-on-month decline in Chinese crude imports.

Persons: Brent, WTI, Kelvin Wong, Wong, Daniel Hynes, Hynes, Paul Carsten, Katya Golubkova, Andrew Hayley, Christian Schmollinger, Deborah Kyvrikosaios Organizations: REUTERS, U.S, US West Texas, Hamas, OANDA, Organization of, Petroleum, ANZ, OPEC, Thomson Locations: Cushing , Oklahoma, U.S, Brent, Israel, Singapore, East, Russia, Moscow, Ukraine, China, London, Tokyo, Beijing

REUTERS/Nick Oxford/File Photo Acquire Licensing RightsSummary IEA trims 2024 oil demand forecast to 880,000 bpdOPEC sticks to 2024 forecast of 2.25 million bpdIEA cites signs of demand destruction from higher pricesLONDON, Oct 12 (Reuters) - The gap between two leading oil forecasters' views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) predicting a sharper slowdown while producer group OPEC stuck to expectations for buoyant China-led growth. By contrast, in its latest report OPEC stuck to its forecast that demand will rise by 2.25 million bpd in 2024. The difference between the two forecasts - 1.37 million bpd - is equivalent to more than 1% of daily world oil use. Oil demand growth is an indication of likely oil market strength, and can affect prices and fuel costs for consumers and businesses. "In 2024, solid global economic growth, amid continued improvements in China, is expected to further boost oil consumption," OPEC said in a monthly report.

Persons: Nick Oxford, Natalie Grover, Alex Lawler, Jason Neely, Susan Fenton, Jan Harvey Organizations: Midland , Texas U.S, REUTERS, International Energy Agency, of the Petroleum, IEA, OPEC, Economic Co, Development, Thomson Locations: Midland , Texas, China, OPEC, Israel, Palestinian, Nigeria, Pakistan, Egypt, United States, London

☆ OPEC sticks to 2024 oil demand growth forecast
▼ + stars: | 2023-10-12 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 12 (Reuters) - OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand gains in China. A lifting of pandemic lockdowns in China has helped oil demand rise in 2023. OPEC has consistently forecast stronger demand growth for next year than other forecasters such as the International Energy Agency. "In 2024, solid global economic growth, amid continued improvements in China, is expected to further boost oil consumption," OPEC said in the report. The OPEC report also said OPEC oil production rose in September despite pledged OPEC+ supply cuts, driven by increases in Nigeria, Saudi Arabia and Kuwait.

Persons: Dado Ruvic, Alex Lawler, Jason Neely Organizations: REUTERS, Organization of, Petroleum, OPEC, International Energy Agency, for Economic Co, Development, Thomson Locations: China, OPEC, Europe, Nigeria, Saudi Arabia, Kuwait

It comes amid criticism that the lending institutions are not taking climate change and the vulnerabilities of poor countries enough into account in their funding decisions. Dysfunctional because the system as a whole is too slow to respond to new challenges, such as climate change. Lee pointed to an IMF program that launched last year to help poor countries address problems like climate change. “The national policy to address climate change is lax — little or no focus is on climate change and the nexus between climate change and conflict in the Sahel is underappreciated,” Hassan said. “Go beyond the conflict itself to start prioritizing climate change as the root cause of the problem affecting these countries."

Persons: ”, William Ruto, Akinwumi Adesina, Moussa Faki, Patrick Verkooijen, Daniel Lee, Lee, Rwanda —, Carlos Lopes, It’s, Idayat Hassan, Ibrahim Audi, Femi, Lopes, ” Hassan, “, ” Mimiko, — Organizations: Global, International Energy Agency, International Monetary Fund, World Bank, New York Times, Kenyan, African Development Bank, African Union, IMF, Mandela School of Public, University of Cape, Center for Strategic, International Studies, Obafemi Awolowo University, Africa Climate Summit, International Rescue Committee, AP Locations: ABUJA, Nigeria, Africa, Africa's Sahel, Burkina Faso, Chad, Mali, Niger, Marrakech, Morocco, Rwanda, University of Cape Town , South Africa, Nigeria's, Katsina, Kenya

☆ The Afrobeats star on a mission to raise the profile of African art
▼ + stars: | 2023-10-11 | by ( Natty Kasambala | ) edition.cnn.com time to read: +7 min

London CNN —It was a painting in the lobby of a Benin hotel last year that changed the way Afrobeats star Mr Eazi thought about art. The works will also be exhibited in galleries internationally — in Accra, Lagos, London (where they will be displayed as part of a “listening experience” the 1-54 Contemporary African Art Fair between October 12—15) and in New York. “One of the most exciting things for me is that art represents an opportunity to discover people without a pre-bias… it’s exerting soft power,” said Mr Eazi. “It’s an ecosystem,” Mr Eazi summarises. “African music should be in African film and African art with African music… That’s culture, that’s the flood.

Persons: Eazi, “, …, Oluwole, ”, Patricorel, Eazi —, —, Eazi’s, Tammy Sinclair's, OLÚWA, Tammy Sinclair, I’m, ” Eazi, don’t, Sinclair, “ Mandela, Foli, Mr Eazi, Mr Eazi’s, ” Tesprit, undiluted Organizations: London CNN, CNN, Fair, Banku, US, Alpha Locations: Benin, Accra, Lagos, London, New York, Ghana, Nigeria, Rwanda, Zimbabwe, South Africa, Togo, Cameroon, Senegal, Kenya, Ghanaian, Kenyan, Togolese, Togo’s, Lomé, Cape Town , South Africa, ”

☆ World Mental Health Day: When talking about suicide, avoid using these words
▼ + stars: | 2023-10-10 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —When it comes to reducing stigma around suicide, not treating it as the elephant in the room is helpful, say mental health experts. P. Bonny Ball’s 2005 book “The Power of Words: The Language of Suicide” identified words in need of replacing due to problematic connotations. READ MORE: People who attempt suicide might show signs early on. Suicide remains a crime in at least 23 countries, including the Bahamas, Nigeria and Bangladesh, according to the World Health Organization. “Fatal suicide attempt,” “killed herself” or “took his own life” are other alternatives, experts said.

Persons: it’s, “, —, Urszula Klich, don’t, ” Klich, ’, Klich, Bonny Ball’s, ”, Thomas Joiner’s, Jacek Debiec, ” “, Justin Baker, “ It’s, ‘, ’ ” Baker, Michael Roeske, ” Roeske, what’s, they’re, Baker Organizations: Lifeline, CNN, Alberta Mental Health Board, Suicide Prevention, World Health Organization, University of Michigan, Initiative, Veterans, Ohio State, Wexner Medical, Newport Healthcare Center for Research & Innovation Locations: Atlanta, Alberta, Germany, North America, Bahamas, Nigeria, Bangladesh, Newport

"It's very disturbing," study co-author Matthew Huber of Purdue University in the U.S. state of Indiana told Reuters. It found that around 750 million people could experience one week per year of potentially deadly humid heat if temperatures rise 2 degrees Celsius (3.6 degrees Fahrenheit) above preindustrial levels. At 4C of warming, Hodeidah, Yemen, would see around 300 days per year of potentially unsurvivable humid heat. WET-BULB THRESHOLDTo track such moist heat, scientists use a measurement known as "wet-bulb" temperature. Beyond this, people were likely to succumb to heat stress if they could not find a way to cool down.

Persons: Nico, Adrees Latif, Matthew Huber, Huber, George Mason, George Mason University climatologist Daniel Vecellio, Vecellio, Jane Baldwin of, Gloria Dickie, Andrew Heavens Organizations: Emergency Aid Coalition, REUTERS, U.S . Midwest, Purdue University, Reuters, George, George Mason University, National Academy of Sciences, Jane Baldwin of University of California Irvine, Thomson Locations: Houston , Texas, U.S, Delhi, Shanghai, U.S ., Indiana, India, Pakistan, Lagos, Nigeria, Chicago , Illinois, South America, Australia, Hodeidah, Yemen, London

How the $13 trillion economy's slowdown will affect other emerging markets is still an unanswered question for investors. "Lower for longer Chinese growth is shaping a new regime of investments," Amundi's head of emerging markets Yerlan Syzdykov told Reuters. The World Bank trimmed its 2024 China growth forecast to 4.4% from 4.8%. 6/DEVELOPING REFORMThe World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. China and other large emerging economies have long demanded a greater say in the global financial architecture, which is still dominated by parameters set out by the 1944 Bretton Woods meeting, where the IMF and World Bank were established.

Persons: Abdelhak, Joseph Cuthbertson, Syzdykov, Anna Gelpern, Gregory Smith, Smith, Mehmet Simsek, Tayyip Erdogan, Erdogan, drubbing, Timothy Ash, Jorgelina, Rosario, Rachel Savage, Marc Jones, Karin Strohecker, Christina Fincher Organizations: International Monetary Fund, World Bank, Palais des, REUTERS, Federal Reserve, International Monetary, PineBridge Investments, Reuters, Bank, Ukraine, U.S, Kyiv, Paris Club, IMF, American, London, G Investments, JPMorgan, Egypt IMF, Fitch, Reuters Graphics Reuters, Finance, BlueBay Asset Management, Thomson Locations: Palais, Palais des Congres, Marrakech, Morocco, Argentina, Pakistan, Kenya, Egypt, CHINA, China, UKRAINE, Ukraine, Zambia, Sri Lanka, Ghana, Georgetown, Nigeria, TURKEY, Ankara, New York, Washington, London, Woods

ABUJA, Nigeria (AP) — A nurse was identified on Friday as the “principal suspect” in the mysterious death of a Nigerian Afrobeat star, which triggered dayslong protests by thousands demanding justice. Investigations into the death of Ilerioluwa Aloba, better known as MohBad, in the commercial hub of Lagos have pointed to the nurse who treated the late singer before his death, Lagos police chief Idowu Owohunwa told reporters on Friday. Questions about the cause of his death prompted protests, rallies and grief spilling onto the streets across the West African nation. The outrage over the singer's death was also directed at Naira Marley, his former boss and controversial musician currently on trial in Nigeria for alleged internet fraud. “She acknowledged that it was the injections that she administered on the deceased that triggered the reactions which eventually led to Mohbad’s death.”

Persons: ”, Ilerioluwa, Idowu Owohunwa, “, ” Owohunwa, Aloba, Naira Marley, Marley, maltreating, wasn't, Owohunwa Locations: ABUJA, Nigeria, Nigerian, Lagos, West African, Aloba

☆ Uncover: The Kenya skincare brand targeting African skin
▼ + stars: | 2023-10-05 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

Uncover – a startup founded by three women in Kenya in 2020 – wants this to change. It has developed a range of cosmetics that serve the needs of African women, says Sneha Mehta, the company’s CEO and co-founder. Jade Oyateru, the startup’s COO and co-founder, explains that while demand for sunscreen is growing among African women, they often complain that it leaves a ghostly white layer on their skin. The African identity carries through to the product’s ingredients, with each one containing a plant grown on the continent. Pan-African skincareUrbanization and a young population are some of main drivers behind the booming African beauty market, but there is still a big gap in knowledge, says Uncover’s Oyateru.

Persons: –, Sneha Mehta, Jade Oyateru, Mehta, Edwin Maina, Technavio, Rubab, Uncover’s Oyateru, ”, we’ve, “, it’s, hyperpigmentation – Organizations: CNN, Euromonitor Locations: Africa, Kenya, Nigeria, South Korea, South Africa, Ghana

☆ Driver may have fallen ill before fatal Venice bus crash
▼ + stars: | 2023-10-04 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/6] Flowers are seen at the site where a coach crashed off an overpass in Mestre, Italy, October 4, 2023. Five Ukrainians, a German and the Italian bus driver were among those killed, Venice's prefect Michele Di Bari, the local representative of the interior ministry, said on Wednesday. "We presume the driver may have fallen ill," Veneto regional president Luca Zaia told Rtl 102.5 radio. The bus had been ferrying the tourists back to a campsite in nearby Marghera after a day out in Venice. "I think the driver had an illness, because otherwise I can't explain it," Fiorese said, adding that the driver had started his shift less than two hours before the crash.

Persons: Claudia Greco, Michele Di Bari, Luca Zaia, Di Bari, Volodymyr Zelenskiy, Corriere, Massimo Fiorese, Corriere della Sera, Fiorese, Alvise Armellini, Keith Weir, Bernadette Baum, Gavin Jones, Gareth Jones Organizations: REUTERS, Rtl, Corriere della Sera, Thomson Locations: Mestre, Italy, Venice Italian, VENICE, Venice, Veneto, Croatian, Marghera, Nigeria

ABUJA, Nigeria (AP) — Nigerian government workers on Tuesday continued working after last-minute efforts by authorities averted a nationwide strike to protest growing hardship that could have shut down government services in Africa's most populous country. The indefinite strike by Nigerian labor unions scheduled to start Tuesday is being suspended for 30 days, while meetings and talks with the government will be held over the coming days, said Joe Ajaero, president of the Nigeria Labour Congress, or NLC, which is the umbrella body of the unions. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week’s announcement of the strike. One major source of concern has been intervention efforts, which the labor unions said have been slow. “But the adverse outcomes of the measures, the hardship, were much higher than what many of us expected.”

Persons: Joe Ajaero, Bola, ”, Muda Yusuf Organizations: Nigeria Labour Congress, NLC, Lagos Chamber of Commerce, Industry, Private Enterprise Locations: ABUJA, Nigeria, Africa's, Lagos

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Brent December crude futures rose $1.04 to $93.24 a barrel by 1124 GMT after falling 90 cents on Friday. Both benchmarks rallied nearly 30% in the third quarter on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. A Reuters survey on Monday showed OPEC oil output rose for a second straight month in September, led by increases in Nigeria and Iran despite cuts by Saudi Arabia. Despite the brighter China news, European manufacturing data showed the euro zone, Germany and Britain all remained mired in a downturn in September - bad news for oil demand.

Persons: Agustin Marcarian, Baker Hughes, Brent, Hiroyuki Kikukawa, Haitham Al Ghais, Paul Carsten, Yuka Obayashi, Emily Chow, Kim Coghill, Kirsten Donovan Organizations: REUTERS, . West Texas, of, Petroleum, Reuters, NS, ING, PMI, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, U.S, Saudi Arabia, Russia, OPEC, Nigeria, Iran, Turkey, Iraq, China, Germany, Britain, London, Tokyo

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Brent December crude futures rose 17 cents, or 0.18%, to $92.37 a barrel by 0802 GMT after falling 90 cents on Friday. Brent November futures settled 7 cents lower at $95.31 a barrel at the contract's expiry on Friday. U.S. West Texas Intermediate crude futures gained 26 cents, or 0.29%, to $91.05 a barrel, after losing 92 cents on Friday. Both benchmarks rallied nearly 30% in the third quarter on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year.

☆ OPEC oil output rises for second month on Nigeria, Iran - Reuters survey
▼ + stars: | 2023-10-02 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

Last month, the Organization of the Petroleum Exporting Countries pumped 27.73 million barrels per day (bpd), the survey found, up 120,000 bpd from August. Iran, which has been boosting supply despite U.S. sanctions, also pumped more, with output hitting the highest level since 2018. The second-largest increase came from Iran, the survey found, which pushed output to 3.15 million bpd. Output from the 10 OPEC members that are subject to OPEC+ supply cut agreements rose by 80,000 bpd, the survey found. Top exporter Saudi Arabia kept August and September output close to 9 million bpd, the survey found, as the country extended a voluntary 1 million bpd output cut to provide extra support for the market.

Persons: Ramzi Boudina, Ahmad Ghaddar, Sharon Singleton Organizations: Organization of, Petroleum, REUTERS, LONDON, Reuters, Analysts, OPEC, Saudi, United Arab, Petro, Logistics, Thomson Locations: Algiers, Algeria, Nigeria, Iran, Saudi Arabia, Washington, OPEC, Iraq, United Arab Emirates, Angola

☆ Nigeria's Tinubu offers wage increase ahead of labour strike
▼ + stars: | 2023-10-01 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Tinubu scrapped a decades-old subsidy during his inauguration in May and ended foreign exchange restrictions, which has led to soaring cost of living and angered unions. In a national broadcast marking 63 years of independence, Tinubu defended the reforms as necessary to put Africa's biggest economy on the path to recovery. That would take the minimum wage in Nigeria to 55,000 naira ($71) from 30,000 naira. But labour unions want Tinubu to reinstate the fuel subsidy and had previously demanded a minimum wage of 200,000 naira.

Persons: Bola Tinubu, Lewis Joly, Tinubu, Tinubu's, Felix Onuah, MacDonald Dzirutwe, Daniel Wallis Organizations: New Global Financial, Rights, Sunday, Thomson Locations: Nigeria, Paris, France, Rights ABUJA

ABUJA, Nigeria (AP) — Nigeria’s leader increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy. The increase expected to take effect this month takes the minimum wage to 55,000 naira ($71), still far below the 200,000 naira ($258) the unions had requested. The labor unions did not immediately comment on Tinubu’s announcement. The unions representing Nigeria’s government workers announced they will go on an indefinite strike starting Tuesday to protest the government's austerity measures. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week's announcement of the indefinite strike.

Persons: —, Bola Tinubu, Tinubu, ” Locations: ABUJA, Nigeria

☆ Markets in Q3: Gains, pains and oil reigns
▼ + stars: | 2023-09-29 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. Gold has lost its shine too meaning that only oil and gas, cash and the dollar have proved reliably profitable. “If you are going above $100 a barrel and staying there you are starting to create that inflation narrative again”. Athens’ main stock market is up 26.5% this year, even if it is down 11% since July. “The comforting news for Q4 though is that we should be close to peak (global) interest rates,” Metcalfe said.

Persons: Christian Hartmann, It’s, Salman Ahmed, Japan’s, ”, Robert Alster, El Salvador’s, Tayyip Erdogan’s, Argentina’s, Michael Metcalfe, ” Metcalfe Organizations: REUTERS, Christian, Federal Reserve &, Macro, Deutsche Bank, Management, Russia, U.S, Athens ’, Apple, Microsoft, Nvidia, Tesla, Meta, Street Global Markets, Indicators Locations: Paris, France, Saudi Arabia, Russia, Ukraine, Greece, Athens, Pakistan, Britain’s, Turkey, Nigeria, Colombia, Mexico, U.S, Poland, Ecuador, Japan

☆ Victor Osimhen: Napoli ‘never intended to offend of make fun of’ striker with TikTok video
▼ + stars: | 2023-09-29 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Italian soccer club Napoli has said that it “never intended to offend or make fun of” star player Victor Osimhen after coming under fire for posting – and then deleting – a video of the striker missing a penalty on TikTok. “To avoid any potential exploitation of the matter, SSC Napoli would like to explicitly state that the club never intended to offend or make fun of Victor Osimhen, who is an asset to the club,” Napoli said in Thursday’s statement. “Over the course of the summer Napoli rejected all offers to sign the striker – firm proof of the club’s appreciation of him. “A video mocking Victor was first made public and then, but now belatedly, deleted. Osimhen scored in Napoli’s match against Udinese but celebrated in muted fashion before embracing his teammates.

Persons: “, Victor Osimhen, ”, –, Osimhen, ” Napoli, Victor, Roberto Calenda, Calenda, Gennaro Del Vecchio, Giuseppe Santoro Organizations: CNN, Napoli, Nigeria international Osimhen, Serie, Bologna, SSC Napoli, Udinese, Wednesday, Lecce Locations: Italian, Nigeria

☆ Napoli say they never intended to offend Osimhen amid row
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Napoli said on Thursday they never intended to offend their striker Victor Osimhen with mocking social media videos, but the Serie A champions stopped short of apologising to the Nigeria international. Osimhen's agent Roberto Calenda later threatened legal action, while the 24-year-old player removed all images of himself in a Napoli shirt from his social media accounts. "On social media, and TikTok particularly, expressive language is used in a light-hearted and playful manner. Osimhen helped Napoli end their 33-year wait for a league title last season as he was Serie A's top scorer with 26 goals. Champions Napoli are fifth in the league standings and will face Lecce on Saturday before hosting Real Madrid in the Champions League.

Persons: Napoli, Victor Osimhen, Roberto Calenda, Victor, Osimhen, Janina Nuno Rios, Pritha Sarkar Organizations: Serie, Nigeria, Bologna, Napoli, Serie A's, Napoli's, Udinese, Lecce, Real Madrid, Champions League, Thomson Locations: Mexico City

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