Abiola

Global Markets Tumble Amid Trade War Fears and Recession Worries

Financial markets worldwide experienced a sharp downturn on Monday following U.S. President Donald Trump’s announcement that tariffs would apply broadly to all countries. His remarks, made aboard Air Force One, dampened hopes that the levies would be more targeted, fueling fears that escalating trade tensions could push the global economy toward recession. With uncertainty looming,…

China Discovers Major Oilfield in South China Sea

China’s National Offshore Oil Corporation (CNOOC) has made a significant discovery in the eastern South China Sea, unveiling a massive oilfield with proven reserves exceeding 100 million tonnes. The newly discovered Huizhou 19-6 oilfield is located approximately 170 kilometers (100 miles) from Shenzhen in Guangdong Province. According to state-owned Xinhua News Agency, test drilling at…

President Donald Trump Blasts Putin Over Ukraine

U.S. President Donald Trump expressed strong frustration with Russian leader Vladimir Putin over recent comments regarding Ukrainian President Volodymyr Zelensky’s leadership. During an early morning phone call with NBC’s Kristen Welker, Trump reportedly conveyed his anger, marking a stark shift in his usual diplomatic tone toward Putin. Trump, who has often taken a pragmatic approach…

Netanyahu Claims Military Pressure on Hamas Is Working Amid Ceasefire Talks

Israeli Prime Minister Benjamin Netanyahu stated on Sunday that Israel’s intensified military operations against Hamas in Gaza have been effective, emphasizing that the Palestinian group must surrender its weapons. Speaking at a cabinet meeting, Netanyahu asserted that Israel is “negotiating under fire” and claimed that Hamas’ demands in the ongoing talks are beginning to show…

South Korea, China, and Japan Revive Economic Dialogue Amid Rising Trade Tensions

After a five-year hiatus, South Korea, China, and Japan resumed economic dialogue on Sunday, aiming to strengthen regional trade ties as they brace for the impact of new U.S. tariffs. The high-level meeting, attended by trade ministers from the three economic powerhouses, focused on advancing negotiations for a trilateral free trade agreement (FTA) and enhancing…

Myanmar Earthquake Death Toll Rises to 1,644 as Rescue Efforts Intensify

A devastating 7.7-magnitude earthquake—the strongest to hit Myanmar in a century—has claimed at least 1,644 lives and left thousands injured in its wake. The quake struck on Friday, causing widespread destruction, particularly in Mandalay, the country’s second-largest city. As of late Saturday, authorities reported over 3,408 injuries, with 139 people still missing. Mandalay, home to…