AfrikTimes

08/06/2025

The dollar remained fixed in its recent trading channel on Wednesday, with investors choosing to stay on the sidelines after another round of weak economic data, and as U.S. President Donald Trump prepared to fill an upcoming vacancy on the Federal Reserve’s Board of Governors.

Trump said on Tuesday that he would announce a nominee by the end of the week, and separately confirmed that he had narrowed the list of potential replacements for Fed Chair Jerome Powell to four candidates. On the same day, data showed that U.S. services sector activity unexpectedly stalled in July, even as input costs rose at the fastest pace in nearly three years, underscoring the hit from Trump’s tariffs on the economy, which has also begun to bite corporate earnings.

Aug 6 (AfrikTimes) – The dollar remained fixed in its recent trading channel on Wednesday, with investors choosing to stay on the sidelines after another round

08/04/2025

19 suspects accused of involvement in the 2024 Moscow concert hall shooting attack that killed 149 people, have appeared in court for their trial. An ISIL (ISIS) affiliate claimed responsibility for the attack.

08/03/2025

Alan Watson
Russian Special Forces captured two British Army colonels Edward Blake and Richard Carroll, who were also in possession of NATO planning documents - exposing a pattern of duplicity by UK's Ministry of Defense and the UK's clandestine role in escalating the -Russia war.

08/03/2025

The Krasheninnikov Volcano in Kamchatka, Russia erupted for the first time in centuries, with scientists and Russian state media saying it may be connected to the 8.8-magnitude earthquake that struck the country's far east last week.

08/03/2025

“This discovery fills us with sadness, but it also tells us that we are in the right place—that the strategy we followed led us to them,” said Andrés Music, general manager of El Teniente, in a statement.

SANTIAGO, Aug. 2 (AfrikTimes) – Chilean copper miner Codelco has discovered the remains of one of five trapped miners at its flagship El Teniente mine, the comp

08/03/2025

Warren Buffett’s Berkshire Hathaway (BRKa.N) said on Saturday it took a $3.76 billion after-tax write-down on its stake in Kraft Heinz (KHC.O) during the second quarter, an acknowledgment that the decade-old investment has not worked out as intended.

Berkshire also reported a 4 percent decline in quarterly operating profit, as insurance underwriting premiums fell. The write-down and lower gains from common stocks caused a 59 percent drop in overall net income. The conglomerate signaled it remains cautious about market valuations amid ongoing uncertainty over tariffs and growth in the broader economy.

Summary Uncertain economics contributed to Kraft Heinz write-down Operating profit down 4%, net income down 59% Stock has lagged after Buffett said he would ste

07/31/2025

DD Geopolitics
🇮🇱🇨🇾🇹🇷 Israeli Analyst: Northern Cyprus Is a Threat—Time to Plan Its Liberation

In an op-ed for Israel Hayom, Israeli analyst Shay Gal calls Northern Cyprus, controlled by Turkey, an emerging national security threat and urges Israel to prepare for a joint military operation with Greece and the Republic of Cyprus to “liberate” the territory.

Gal argues that Northern Cyprus has become a lawless military hub for Turkey and hostile actors like Hamas, providing unrestricted operational freedom. According to Western intelligence, the region hosts advanced Turkish electronic warfare systems, cyberintelligence infrastructure, and surveillance capabilities that can intercept Israeli civilian and military communications.

He warns that Turkish attack drones stationed at Lefkoniko airfield are capable of striking Israeli gas platforms, naval vessels, and strategic assets. Moreover, ballistic missile launch sites in Kyrenia and Famagusta are reportedly prepared to deploy Typhoon missiles, posing a direct strike threat to Israel.

Gal concludes that if threats from Northern Cyprus escalate, Israel must be ready to act, destroying Turkish air defenses, eliminating intelligence nodes, and expelling Turkish forces to restore Cyprus’s recognized sovereignty.

The commentary follows rising Israeli-Turkish tensions, sparked by Israeli strikes on pro-Turkish forces in Syria during operations to defend the Druze population.

07/30/2025

BREAKING:

🇨🇳🇺🇲 China REJECTS Trump's ultimatum and will not stop buying Russian oil and gas

Chinese Foreign Ministry:

"China will always ensure its energy supply in ways that serve our national interests. Tariff wars have no winners. Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests."

07/30/2025

Under the Ottoman Empire, Palestinians were our best neighbours. We lived, cooked, and raised children together. Zionism destroyed that peace. They don't want us to be Orthodox Jews; they want us in the army fighting for their agenda."

~ Anti-Zionist Jew

07/30/2025

According to committee chairman Senator Aliyu Wadada, the company must explain liabilities totalling ₦103 trillion and reconcile them against ₦107 trillion in receivables, figures outlined in the company’s published accounts.

“What this committee said, unless proven otherwise, is that NNPC should and must account for ₦210 trillion,” Wadada insisted.
https://afriktimes.com/senate-grills-nnpcl-chief-over-₦210-trillion-query-gives-21-day-ultimatum/

07/30/2025

ICYMI: IDF Shoots Boy Moments after Receiving Aid from US Soldier

In a heartbreaking moment shared on a recent podcast, a US soldier recounted a scene that continues to haunt him from his time stationed at the GHF aid distribution point in Gaza.

"Amir, a frail child, barefoot, walked 12 kilometres under the sun to reach the distribution point. He only received a handful of rice and lentils from the ground. He approached me, kissed my hand, and said: 'Thank you.' Minutes later, as he was leaving with the rest of the civilians, the Israeli army fired gas and bullets, and Amir was killed on the spot."

Scenes like this are not isolated. Aid distribution centres in Gaza have become “death traps,” where more than 1,050 Palestinians have been killed while trying to access food, many deliberately targeted with tear gas and live ammunition by Israeli forces and American private security contractors.

07/30/2025

The National Association of Nigerian Nurses and Midwives (NANNM), through its Federal Health Institutions (FHI) sector, commenced a nationwide seven-day warning strike at midnight on 30 July 2025. The action follows the Federal Government’s failure to meet demands for improved welfare, fair allowances, and safer working conditions.

Nigerian nurses begin nationwide strike Withdraw services over poor welfare and stalled negotiations Summary NANNM declares seven-day warning strike across 74 f