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Nigeria’s kidnapping epidemic has reached alarming proportions, with citizens paying a staggering 2.23 trillion naira ($2.79 billion) in ransom from May 2023 to April 2024.
This figure, released by the National Bureau of Statistics (NBS), surpasses Nigeria’s 2024 defense budget of 1.647 trillion naira. The scale of this crisis is unprecedented.
An
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Read more: Nigeria’s $2.79 Billion Ransom Crisis: A Nation Under Siege
Write comment (90 Comments)The Federal Reserve has decreased interest rates for the 3rd time in a row, bringing the benchmark rate to 4.25%-4.5%. This move comes at a crucial time when inflation has crept up to 2.7% annually.Jerome Powell, the Fed Chair, deals with a complex challenge. He needs to guide the economy towards growth while keeping inflation in check. It's like trying to
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Read more: Fed Cuts Rates to 4.25%-4.5% Amid Rising Inflation
Write comment (98 Comments)Money talks, and right now it’s speaking volumes in Brazil. The US dollar hit R$ 6.26 on December 18, 2024, forcing Brazilians to watch their purchasing power shrink by nearly 3% in a single day.
This marks the weakest point for the real in the country’s history. The markets have lost patience with Brazil’s fiscal promises. While politicians debate
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Read more: Dollar Hits R$6.26: Central Bank’s $12.7B Intervention Falls Short
Write comment (94 Comments)The streets of Maputo echo with the nightly sound of banging pots and pans. These protests signal a deeper crisis than just another disputed African election.
Since October, Mozambique has witnessed its most sustained civil unrest in recent history, with consequences reaching far beyond its borders.
Security forces have killed dozens of protesters
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Read more: December 23: The Date That Could Make or Break Mozambique’s Stability
Write comment (91 Comments)On December 18, 2024, Bitcoin's rate stood at $100,071, down over 5% from the previous day. This dip followed a current all-time high of $108,366. The cryptocurrency's market cap reached $2.09 trillion, with a 24-hour trading volume of $70 billion. Bitcoin kept its supremacy with a 56.63% market share.ETF activity painted an interesting
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Read more: Bitcoin Dips 5% to $100K After Record High While BlackRock ETF Draws $740M
Write comment (97 Comments)The fall of Syria's Assad regime has actually triggered a swift Israeli military growth into the Golan Heights' buffer zone. This strategic relocation doubles Israel's control over one of the Middle East's many important geographical positions.The Golan Heights offers commanding views of Damascus just 60 kilometers away. This rocky plateau acts as a natural
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Read more: Israel Seizes Strategic High Ground as Syria's Power Vacuum Grows
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