Wall Street has its worst day since 2022 as fears of U.S. recession deepen

Wall Street has its worst day since 2022 as fears of U.S. recession deepen

Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more

China’s internet watchdog calls for ‘favourable’ environment ahead of third plenum

China’s internet watchdog calls for ‘favourable’ environment ahead of third plenum

CAC deputy director Niu Yibing urged all departments and China’s web platforms to “go all out” to create a “favourable” public opinion environment in the build-up to the four-day meeting, which starts in just under two weeks. “[We must] adhere to the correct political position of directing public opinion and orienting social values,” the statement … Read more

Senate asks IGP to compel CAC RG to appear for budget defence

Senate asks IGP to compel CAC RG to appear for budget defence

The Senate Committee on Finance has asked the Inspector General of Police, Kayode Egbetokun, to compel the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Ishaq, to appear before it within 24 hours to defend the commission’s budget for the 2024 fiscal year. Chairman of the Committee, Sani Musa, gave the directive on Wednesday after … Read more