₦airaland Forum

World stock markets rose to a six-year high on Monday on optimism about the global economy heading into 2014, while the euro strengthened against the dollar and yen on comments by European Central Bank chief Mario Draghi.

U.S. benchmark yields slipped below the 3 percent threshold after they hit a two-year high last week on expectations of improving domestic growth as the Federal Reserve begins to pare its massive bond-purchase stimulus in January.

Views on economic improvement further reduced the appeal of gold, which will record its biggest annual loss in 32 years.

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http://edosnews.com/world-stock-index-hits-six-year-high-euro-gains/

The National Assembly on Tuesday assured Nigerians of its commitment to working with other arms of government in tackling insecurity, economic hardship and other challenges bedeviling the country.
The Senate President, Sen. David Mark, gave the assurance at the maiden matriculation of Post Graduate Students of the National Institute for Legislative Studies in Abuja.
Mark, who decried the escalating level of violence, intolerance and other challenges in the country, said the national assembly would do everything within its reach to improve safety of life and property.
“We at the national assembly are worried by the escalation of violence and the heinous crimes being carried out on a daily basis by terrorists and insurgents,’’ he said.

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http://edosnews.com/nass-reiterates-commitment-to-tackling-insecurity/

An unmanned US plane on a top-secret, two-year mission to space has returned to Earth and landed in California.

The aircraft, resembling a miniature space shuttle and known as the Orbital Test Vehicle or X-37B, spent 674 days in orbit around the planet.

It was the unmanned plane’s third space flight, but its mission has been shrouded in mystery.

A theory that it was taking a look at China’s space lab has been downplayed by experts.

Air Force officials have only told US media the aircraft performs “risk reduction, experimentation and concept-of-operations development for reusable space vehicle technologies”.

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http://edosnews.com/mysterious-us-military-plane-returns-to-earth/

24 year old Lizzy Idahosa (pictured left) and her husband Jackson Omoruyi, 41 (pictured right), have been found guilty of trafficking in people after they forced two Nigerian women into prostitution by making them eat snakes in a black magic ceremony,

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http://edosnews.com/woman-found-guilty-of-people-trafficking-after-forcing-two-nigerian-women-into-prostitution-by-making-them-eat-snakes/

Starring movie greats such as Olu Jacobs, Bimbo Akintola, Ricardo Agbor, Funso Adeolu as well as Kiki Omeili, Gabriel Afolayan, comedian Akpororo, and introducing Oge Indiana, the epic movie boasts of an enchanting storyline which unfolds in a series of mind-gripping cinematography under the directorial expertise of award winning filmakers, Darasen Richards and DJ Tee.

watch the trailer
http://edosnews.com/the-antique-movie-starring-olu-jacobs-bimbo-akintola-premieres-oct-19th/

As West African countries battle to control the outbreak of Ebola, fears that the virus could spread globally has created panic in Europe and the United States.

Meeting in Washington, the World Bank has calculated the alarming cost of contagion.

“The World Bank released a new economic impact assessment that said if the (Ebola) epidemic is not quickly contained and if it spreads to other countries, the two year regional financial impact could reach 32.6 billion dollars by 2015. That would be catastrophic for the people of the West Africa region,” explained Jim Yong Kim, President of the World Bank.

So far the virus has claimed almost 4,000 lives in West Africa. The number of cases in Europe remains in the single digits.

The economies of the worst-struck countries are under strain. Liberia is facing recession and may need to call upon the International Monetary Fund (IMF) for more aid.

“And we are ready to do more,” announced head of the IMF Christine Lagarde. “It’s very rare for the IMF to say that, but on this occasion I will say it. It is good to increase the fiscal deficit when it’s a matter of curing the people, of taking the precautions to actually try to contain the disease.”

Sierra Leone’s President Ernest Bai Koroma, who joined the meeting via video link, appealed to the major donors saying “our people are dying”. He added that without a quick response a tragedy of untold proportions would result, compromising the security of people across the globe.

By Edos News


http://edosnews..in/2014/10/world-bank-estimates-ebola-could-cost.html

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