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CFTC report: Climate change poses serious risk to financial system
The nearly three dozen members of the task force convened by CFTC Commissioner Rostin Benham include officials from U.S. banks, asset managers, academia and environmental groups. The report’s findings are non-binding but are intended to shape the regulator’s understanding of how climate change could strain markets. The report says regulators should be concerned about “what we don’t know,” including how changes in the climate may drive capital flights from hard-hit companies and industries, which could “unfold in parallel, compounding the challenge.” Such disruptions could have spillover effects on the overall financial system and lead to a “disorderly repricing of assets” with “cascading effects.” Those same worries have propelled a number of central banks in other countries to consider cl...
Everton sign Abdoulaye Doucouré from Watford
Everton have confirmed the signing of Watford midfielder Abdoulaye Doucouré. The Frenchman joins the likes of Allan and James Rodriguez as summer recruits for Carlo Ancelotti’s side. The 27-year-old has signed on a three-year deal with an option for a fourth. 🇫🇷 | And another one… Bienvenue, @abdoudoucoure16! 🔵#BienvenueDoucouré pic.twitter.com/pHYJ0w2b86 — Everton (@Everton) September 8, 2020 “I have been waiting a long time to come here and now it has happened so I am very happy,” Doucoure told evertonfc.com. “I had some interest from other clubs but from the beginning when Everton showed an interest in me I told my agent to focus on Everton. “It was the only club I wanted to join. “Everton has a big history in English football and it is a good club for me to have...
Southern-Kaduna Christian leaders boycott peace summit
File Photo A peace summit organized in Kafanchan to find an end to the conflict in Southern Kaduna, suffered set back as Christian leaders in the area who doubted the genuineness of the occasion, boycotted the summit. Nevertheless, the peace summit still went on as scheduled with over 100 participants across religious faiths. The Kaduna chapter of the Christian Association of Nigeria, Christian leaders from the Southern part of Kaduna and the Southern Kaduna Peoples Union, were earlier scheduled to attend the peace summit in Kafanchan, Jema’a Local Government Area of Kaduna State on Tuesday. Friends of Southern Kaduna in collaboration with the Nigeria Christian Pilgrims Commission organized the summit as part of efforts to find a lasting solution to the killings in Southern Kaduna. Explain...
Eberechi Eze makes PFA Championship Team of the Year
Crystal Palace new signing Eberechi Eze has been included in the PFA Championship Team of the Year. The PFA made the announcement which was published on their verified Twitter handle on Tuesday. Eze’s inclusion is due to his impressive performance for former club Queens Park Rangers last season. The 22-year-old scored 13 goals and provided eight assists in 45 Championship appearances for QPR. He was voted QPRs Players’ Player of the Year, the Supporters’ Player of the Year and the club Player of the Year. The PFA Championship Team of the Year was dominated by newly promoted Leeds United who have four players: Luke Ayling, Ben White, Liam Cooper and Kalvin Philips. Other players in the list are Brice Samba of Nottingham Forest, West Bromwich Albion’s Romaine Sawyers, Aleksandar Mitrovic and...
Apple will seek damages from Epic Games for breach of App Store contract
Apple will seek damages against Epic Games for allegedly breaching its contract with the iOS App Store, in a new escalation of the two companies’ ongoing legal fight. The allegation was entered on Tuesday, alongside counterclaims for unjust enrichment and tortious interference with Apple’s relationship with its customers. Apple is seeking monetary damages as part of the claim, although the precise amount is not specified in the filing. “By all accounts, Epic has taken advantage of Apple’s support and services more than any other app developer for the past two years,” the filing reads. “But sometime before June 2020, things changed. Epic decided that it would like to reap the benefits of the App Store without paying anything for them.” Apple declined to comment beyond the filing. Apple has ...
Trump expands oil drilling moratorium for Florida
A congressional aide who works on the issue said their office had gotten no advance heads-up from the White House. “As of yesterday they said there would be no announcement,” one congressional aide said on Tuesday morning. The new move is expected to be done by Presidential Memorandum, according to an administration official. That vehicle — the same one the Obama administration used to withdraw parts of Alaska from drilling — would have the same impact as a Congressional moratorium, an industry source added. Half a dozen industry officials and lobbyists who had been working on the offshore exploration issue with the Interior Department, which develops the federal government’s five-year drilling plans, told POLITICO the administration never mentioned extending the moratorium. “It’s a comple...
Trump to expand oil drilling moratorium for Florida
A congressional aide who works on the issue said their office had gotten no advance heads-up from the White House. “As of yesterday they said there would be no announcement,” one congressional aide said on Tuesday morning. The new move is expected to be done by Presidential Memorandum, according to an administration official. That vehicle — the same one the Obama administration used to withdraw parts of Alaska from drilling — would have the same impact as a Congressional moratorium, an industry source added. Half a dozen industry officials and lobbyists who had been working on the offshore exploration issue with the Interior Department, which develops the federal government’s five-year drilling plans, told POLITICO the administration never mentioned extending the moratorium. “It’s a comple...
Bayelsa West: Over 900 defect to PDP due to violation of zoning agreement
File Photo The senatorial ambition of former Deputy Governor, Chief Peremobowei Ebebi, has triggered a fresh crisis within the All Progressives Congress, APC, in Sagbama Local Government Area of Bayelsa State. Over 900 protesting members of the APC stormed the Toru Orua country home of the Peoples Democratic Party, PDP Senatorial Candidate for Bayelsa West, Hon Seriake Dickson, the immediate past governor of the state, to defect to the PDP in protest against the violation of the arrangement on the zoning of the National Assembly seats in the Senatorial District. The defectors led by the former Chairman of the Ogobiri Youth Association, Mr. Ekadi Desire, were received on behalf of the State chapter of the PDP by the Sagbama Local Government Chairman of the PDP, Mr. Ofoni Oyafikunmo, the Sen...
Enugu Assembly by-election: Casmir Nnadi emerges ZLP candidate
Hon. Casmir Nnadi has emerged the flag bearer of the Zenith Labour Party (ZLP) unopposed for the Isi-Uzo constituency by-election. Nnadi emerged at the party’s state primaries held on Friday 4th September 2020 at Cabrini Hotel New Haven Enugu after other candidates stepped down from the race, noting that Hon. Nnadi embodies the aspirations and representation yearned by people of Isi-Uzo constituency at the state house of Assembly. If Hon. Nnadi is elected 31st of October, 2020 Isi-Uzo constituency by-election, he will fill the vacuum created by the death of Hon. Chijioke Ugweze who died since June this year. Speaking to newsmen after the primaries, the state party chairman, Hon. Elvis Ugwuoke maintained that the Zenith Labour Party (ZLP) will get the mandate of the people of Isi-Uzo consti...
Plateau governor tasks new council chairman on prudence, accountability
Gov. Simon Lalong of Plateau has urged the new Chairman, Management Committee, Barkin Ladi Local Government, Jock Alamba, to embrace prudence and accountability in the discharge of his duties. Lalong also charged him to consolidate on the peace achieved in the area. He made the call while inaugurating the chairman on Tuesday at the Government House, Jos. Newsmen report that the former chairman of the Local Government, Mr Ezekiel Mandyau, died in July after an illness. The governor said that Nigeria was dealing with the impact of COVID-19, adding that the global pandemic had affected all facets of the economy, including the finances of local government. “This means that you must embrace prudence, accountability and accord priority to the programmes and projects that have direct bearing on t...
Retired Delta council workers, teachers protest non payment of benefits
Retired Local Government workers and primary school teachers, stormed the streets of Asaba, Delta State in protest against the non-payment of their retirement benefits. Clad in black attires, the retirees numbering over 1000, marched through the streets of the State capital to the State House of Assembly complex and Government House, chanting songs of disenchantment. The protesters, however, refused to be addressed by the Head of Service, Reginald Bayoko, Senior Special Assistant (Religion Matters), and current Christian Association of Nigeria (CAN) Apostle Silvanus Okorote and State NLC chairman, Comrade Goodluck Ofobruku. Displaying placards with various inscriptions such as “Pay Us Our Gratuity From 2014 to date”, “Our Pension Mata, No Retreat, No Surrender”,”Let Us Reap the Fruit Of Ou...
Nigerian government justifies choice of Siemens for power grid expansion
The federal government yesterday defended the choice of German firm, Siemens AG, for its 25,000 megawatts grid expansion, saying the German firm was chosen to expand Nigeria’s power grid because the company was best qualified to rehabilitate the dilapidated electricity infrastructure in Nigeria. The Minister of Power, Mr. Sale Mamman, who disclosed this in series of tweets via his official Twitter handle, explained that the Siemens deal would expand Nigeria’s power grid capacity to 25,000 megawatts. Mamman noted that not all Nigerians had access to power, while those who had suffer irregular power supply. “So the Siemens project is here to upgrade the national dilapidated infrastructure. The deal is monumental for this sector because the early phases of delivery will improve the grid’s ope...
