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Instablog9ja
34 m
12
Nigerian Army personnel under Operation Hadin Kai have reportedly k+lled a top commander of the Jamā’at Ahl as-Sunnah lid-Da’wah wa’l-Jihād, otherwise known as Boko Haram, Tahir Baga during their recent raid on Sambisa Forest in Borno State.
According to Zagazola Makama, a counter-insurgency expert and security analyst in the Lake Chad region, the t£rrorist top commander was k+lled on Monday, May 13, when the army cleared their enclaves of Shababul Umma, Garin Panel Beater and Lagara Anguwan Gwaigwai at the heart of the forest.
Zagazola added that the troops and the terrorists cla§hed in heavy g¥n b@ttles which resulted in the d£ath of several top Boko Haram commanders including Baga.
According to the report, “Third Baga was a close ally to Abubakar Shekau. He was among the first sets who founded the Boko Haram movement in Maiduguri before moving into Sambisa Forest with the likes of Mamman Nur, Khalid Albarnawi, Abubakar Shekau, Kaka Ali, Mustapha Chad, Abu Maryam and Abu Krimima.
Tahir Baga was a revered Imam who was respected among the Sect group. He had on several bases truncated the efforts of many fighters and their families to surrender and also pushed many under-aged girls to go on suicide bombing after convincing them that they would be granted paradise as an everlasting reward.
The k+lling of Tahir Baga is a major blow to the Boko Haram t£rrorist groups.
A heap of b%mb-making materials; 1 RPG 7 tube; Pkm 1X Rpg 7 tube, 1X ak47 rifle, 1 RPG Bomb, 1X RPG 7 Charger quantities of 97X 7.62MM Nato, quantities of 99X7.62 MMX 51MM, quantities 554X7.62 MM X 54 MM, 5, MCs, 2 bicycles, 3 mobile phones 11 magazines, 3 hand grenades 2 bandolier, one starlink WiFi system, among others items were found in the t£rrorists enclaves.”
Instablog9ja
2 hrs
11
A writer has revealed that sacking her driver of two years made her realize how much he has been fleecing her after a full tank of fuel last her for one week.
She lamented how her driver has probably been using her car in her absence, as she vowed never to be nonchalant about her car anymore.
Investopedia
2 hrs
13
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President Joe Biden imposed sweeping tariffs on a large swath of Chinese imports from steel to semiconductors and electric vehicles on Tuesday, turning up the heat on trade tensions between the two countries as U.S. officials accuse China of overcapacity in manufacturing.
The changes, the culmination of a review of the Section 301 tariffs under former President Donald Trump starting in 2018, are projected to affect around $18 billion in current annual imports, according to the White House.
"Today’s actions to counter China’s unfair trade practices are carefully targeted at strategic sectors," the White House said in its statement.
The administration said that the tariff rate on certain steel and aluminum products under Section 301 will increase to 25% in 2024 from 0%–7.5%; the rate on semiconductors will increase to 50% by 2025 from 25%; and the rate on electric vehicles will rise to 100% this year from 25%.
Also this year, there will be an increase to 25% from 7.5% on the tariff rate for lithium-ion EV batteries and battery parts, and increase to 50% on solar cells from 25%.
Trade Representative Katherine Tai separately said the report also includes a recommendation for allocating additional funds to U.S. Customs and Border Protection for greater enforcement of the tariffs.
The Biden administration has been spending billions of dollars to promote domestic manufacturing in critical industries in recent months as it seeks to counter what it sees as China's increasing dominance in many fields.
The CHIPS and Science Act of 2022 has earmarked over $50 billion for investment in semiconductor research and manufacturing facilities to be built in the U.S. after the industry mostly has moved overseas in recent years.
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Instablog9ja
3 hrs
15
Three people have reportedly lost their lives at the demolition site for the proposed Enugu Central Station along Ogui-Market Road in the Enugu North Council Area of the state.
The deceased, who were said to be scavengers, were reported to have di£d when walls of demolishing property fell on them, according to a report by SaharaReporters.
It gathered that two persons di£d on Friday while one other person di£d on Saturday in a similar manner.
An eyewitness told SaharaReporters that the two who di£d on Friday, were evacuating some properties in one of the houses where occupants were chased out when a earth moving equipment knocked the house and the wall fell on them.
“They were rushed to the Mother of Specialist Hospital but regrettably on getting to the hospital doctors pronounced them d£ad.
On Saturday, around 11:30am another person was hit and k+lled by falling debris from one of the several storey buildings,” the source said.
Confirming the development, a senior police officer told the publication that: “I can tell you authoritatively that some persons di£d at the demolition site when bulldozers pulled walls and it fell on them.”
Investopedia
3 hrs
9
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Pandemic-era meme stocks GameStop (GME) and AMC Entertainment (AMC) continue to soar in premarket trading following the return to social media of famed investor “Roaring Kitty"; President Joe Biden imposes sweeping tariffs on a large swath of Chinese imports from steel to semiconductors and electric vehicles, turning up the heat in trade tensions between the two countries; Home Depot (HD) posts higher-than-forecast first-quarter earnings but undershoots on sales; the Producer Price Index numbers for April are due today, giving a read on whether price pressures are cooling enough to encourage Federal Reserve officials to cut interest rates; and Anglo American is planning to split up and sell several assets after rejecting a sweetened $43 billion offer by rival mining giant BHP Group (BHP). U.S. stock futures are little changed ahead of the U.S. producer prices numbers and a speech by Federal Reserve Chair Jerome Powell today at an event in the Netherlands. Here’s what investors need to know today.
Pandemic-era meme stocks GameStop (GME) and AMC Entertainment (AMC), which both surged more than 70% to multi-month highs on Monday, continued soaring in premarket trading. The brick-and-mortar video game retailer and the cinema chain operator were both around 100% higher in premarket trading two hours before the opening bell. In 2021, the social media-fueled meme stock frenzy that swept Wall Street squeezed hedge funds that held short positions in either stock. Monday’s rally was triggered by key meme online persona "Roaring Kitty" making his first post on X in three years—causing losses nearing $1 billion for GameStop short sellers, according to data from S3 Partners cited by .
President Joe Biden imposed sweeping tariffs on a large swath of Chinese imports from steel to semiconductors and electric vehicles, turning up the heat in trade tensions between the two countries as U.S. officials accuse China of overcapacity in manufacturing. The changes, the culmination of a review of the Section 301 tariffs under former President Donald Trump starting in 2018, are projected to affect around $18 billion in current annual imports, according to the White House. The administration said that the tariff rate on certain steel and aluminum products under Section 301 will increase to 25% in 2024 from 0%–7.5%; the rate on semiconductors will increase to 50% by 2025 from 25%; and the rate on electric vehicles will rise to 100% from 25%.
Home Depot (HD) posted higher-than-forecast first-quarter earnings but undershot Wall Street analysts’ projections on revenue, signaling that elevated interest rates continue to weigh on home improvement spending. The retailer reported diluted earnings per share (EPS) of $3.63, topping the $3.58 consensus expectation, but revenue for the three months through April 28 of $36.42 billion was shy of the forecasted $36.65 billion. Home Depot affirmed its previous guidance and said it expects total sales to rise about 1% in fiscal 2024. Chief Executive Officer (CEO) Ted Decker said the quarter "was impacted by a delayed start to spring and continued softness in certain larger discretionary projects." Home Depot shares were up less than 1% in premarket trading.
Investors will be closely watching today’s wholesale price numbers and tomorrow’s consumer price index data to give a read on whether price pressures are cooling enough to encourage Federal Reserve officials to cut interest rates. The Bureau of Labor Statistics is due to report the Producer Price Index (PPI) at 8:30 a.m. ET. Wholesale prices are seen rising 0.3% in April from the previous month, according to economists surveyed by and . In March, the PPI rose 0.2% from the previous month, less than economists had expected. Core PPI is expected to rise 0.2% in April. Inflation readings have continued to move higher in 2024, and consumers have been raising their expectations for future price increases.
Anglo American is planning to split up and sell several assets after rejecting a sweetened $43 billion offer by rival mining giant BHP Group (BHP) in a break-up plan CEO Duncan Wanblad called its most “radical” shakeup in decades. Anglo said Tuesday that it would spin off its platinum-metals subsidiary Anglo American Platinum; explore options for putting its nickel operation on “care and maintenance” before divesting it; divest or demerge its diamond unit De Beers; and sell its steelmaking coal assets. BHP had made the bid for Anglo on soaring demand for copper at a time when the world is moving away from fossil fuels toward more renewable energy projects and electric vehicles. Wanblad said the breakup will mean the miner’s assets base will be focused on copper and premium iron ore. BHP shares were 2.5% higher in premarket trading, while Anglo was trading down around 1.6% in London.
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Rambo
3 hrs
9
