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Global shares and oil drop after Trump tests positive for COVID-19

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Global equity markets and oil fell sharply on Friday, while gold rallied, after US President Donald Trump said he and the first lady, Melania Trump, had tested positive for coronavirus, sparking a rush to safe-haven assets and a jump in overall volatility.

US futures on the S&P 500 , the Dow Jones Industrial Average , and the Nasdaq 100 traded about 1% to 1.5% lower, suggesting the major indexes would fall at the start of trade later on Wall Street, while oil suffered the heaviest blow, sliding by more than 3%, as investors fled risk-linked assets.

Even the US dollar came under pressure, trading roughly flat against a basket of major currencies, to the benefit of typical safe-haven assets such as the Japanese yen , gold, and US Treasurys.

Trump, who faced off against his Democratic rival Joe Biden in a televised debate Tuesday night, got tested for the coronavirus along with the first lady after his close confidante and White House counselor, Hope Hicks, tested positive earlier this week.

“News of Trump’s testing positive for Covid-19 test throws a spanner in the pre-election process, as it clearly limits his ability to campaign for the presidency, and the initial negative market reaction market implies that volatility will remain elevated as a result,” ADM Investor Services’ chief global economist, Marc Ostwald, said.

European indexes slipped in early trade, with the FTSE 100 , the DAX , and the CAC 40 all down by 0.5% to 0.6%, led by losses in the chemical, energy, and industrial materials sectors.

The dollar index traded 0.1% up on the day, at about 93.81, having fallen back from an earlier intraday high of 94.03.

Various indicators of volatility a measure of investor nervousness rose sharply. Futures on the VIX index , which reflects options volatility on the S&P 500, were up by nearly 4%, while the V-DAX New an indicator of options volatility on Frankfurt’s DAX index was up 3.7%.

“It seems that the knee-jerk reaction was first to sell USD a little instead, at least until markets can work out exactly how this potentially plays out,” Rabobank strategists said in a note. “Stock futures are certainly going down at time of writing, however. Risk is off there.”

Spot gold was last up 0.1% on the day at $1,908 an ounce, having bounced off an earlier low of $1,889.90 an ounce as the news of Trump’s positive test broke. The yield on the 10-year US Treasury fell 2 basis points on the day to 0.659%, set for its biggest one-day decline in nearly two weeks.

Oil, one of the most sensitive commodities to geopolitics and the economy, plunged by as much as 4% at one point. Brent crude futures were most recently down 3.1% at $39.67 a barrel, while West Texas Intermediate futures fell 3.1% to $37.55 a barrel.

“News that Donald Trump has contracted Covid-19 adds to the bearish pressure,” the SEB chief commodities strategist Bjarne Schieldrop said. “It was always a big wild-card in this election whether one of the candidates would contract C-19 thus placing the candidate on the side-lines.”

Highlighting the investor flight from risk was a drop in cryptocurrencies, with bitcoin down by more nearly 4% on the day, while Ethereum fell by 7%.

Source: Business Insider Africa

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Global music entrepreneur Richardine Bartee named director of Content at Duke Concept

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Regularly looking for African artists to support them through editorial placements, radio promotion and other suitable opportunities, Recording Academy member Richardine Bartee is at the forefront of the Afrobeats movement in America. Within the first week of January, the native New York businesswoman announced the deal she landed with Willow Creek, California radio station: 99.5 FM KXGO through her Twitter account.
 
Her next tweet was an open call for African artists. Music fans tagged their favourite artists, and artists promoted themselves, hoping to get a chance to be featured on the Northern California station. Soon after, Bartee began the outreach by emailing artist managers and texting others.
 
On its first episode, Bartee booked two Nigerian artists, MIMZ and Moelogo. Following the first episode, the music activist booked another interview with Ghana’s new artist MOH—recently placed on Shatta Wale’s iMullar playlist—and Big Brother Naija Season 5 winner Laycon, who is also an acclaimed artist
 
After uploaded to British online music streaming service Mixcloud, the audio from the conversation charted at #17. As of Sunday (January 12), it is now #10 on the platform’s global interview chart. On January 8, 2021, Laycon’s fans made the #LayconXKXGO hashtag trend at #1 on Twitter in Nigeria.
 
Ghanaian rising artists Gyakie and Kofi Jamar were the latest recording artists to get booked on Irie Adina’s show ‘Reggae Pon the Edge’. There are a total of six episodes left to air from the Afrobeats special broadcasts. 
 
Bartee will announce the next guests on her social media accounts: @richardinebartee on Instagram and @theyams on Twitter.
 
And last but not least, the BMI Publisher made the announcement Instagram official about her becoming Duke Concept’s first Director of Content. In her new role, she is in charge of creating content for the website. 
 
If you aren’t familiar with Duke Concept, it is a New York-based event production and promotion company, that counts Live Nation and Ticketmaster as its trusted partners. The company specialises in live concerts, festivals, tours, parties, talent management and more. It is the leading brand in the African and Caribbean entertainment atmosphere of North America, and its ultimate goal is to ensure that every event is an experience. The company offers other services like talent development, talent booking, consultancy, and brand placement.

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Government Squadron Apprehend 7 Illegal Chinese Miners; Seizes 10 Excavators

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2192020112114 pulwo0a442 galamsey ghana illegal mining

One of the major initiatives of the government’s endeavors to protect our water bodies and forests from inhuman activities is the curtailment of illegal mining.

Information reaching us is that, the Environmental Sustainability taskforce has taken into its custody 7 Chinese persons and seized 10 Excavators as well in the Western region of Ghana as part of implementing the government’s project of saving our forests.

In the late hours of yesterday, January 11,2021,the Government’s Environmental Sustainability platoon received a tip off regarding some illegal Chinese miners who were destroying the forests without permit and demolishing about 10 football fields.
One of the rivers which runs through this forest is the Oda river and the current sight of this river is very devastating looking at how lifeless it has been rendered and full of mud. The thick forest cover had been cut down and buried in the mud alongside other plant species.

The taskforce raided the Taabosere forest in the Western region enclave at dawn today, January 12,2021,where they caught these Chinese miners in the act. Amongst these Chinese nationalities was a Ghanaian illegal miner by name Issah Odartey who when confronted by the team on operation, he alleged that the concession was gifted to him by the Minerals Commission but lacked concrete evidence to relegate his claims. He further stated that he pays 20,000 Ghana cedis every month to the Minerals Commission and once more,had no documents to back his claims.

At the site where the illegal activities took place, a journalist from Luv FM, Erastus Asare Donkor made it known that they discovered close to 12 excavators and there was a supervisor who was identified as Omar who instigated that they were given the permission to mine by some powerful prominent personalities in the country.
Right after Omar spoke with the taskforce, another man who is revealed himself as Charles Owusu, a relative of the late Sir John, made assertion of ownership of the site and requested that the taskforce leave the site but this plea fell on deaf ears as the taskforce removed all the excavators and transported them across the Oda river.

In all, seven Chinese miners were apprehended and taken to Accra for processing whilst 10 excavators were seized from the site.

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Queen Elizabeth And Duke Of Edinburgh Receive Covid-19 Vaccine

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In the early hours of last year, a deadly virus shook the entire world with the pace at which it swept people off their feet and took millions of lives in a glance at an unexpected hour. This caused the World Health Organization to declare it as a pandemic. One of the countries which lost a lot of its citizens is the United Kingdom which is governed by Queen Elizabeth.

After the UK recorded their very first case of coronavirus, they have had quite a handful of mishaps leading to about 3 million people contracting the virus with a little over 80,000 deaths according to the records from Johns Hopkins University on Saturday, January 9, 2021. In as much the UK is currently under total lockdown, a new variant of the coronavirus was detected on Friday, January 8, 2021, which took the country by surprise and infected 1,325 persons within a day which the Health Section ascertained to be the highest daily
death toll in the year.

In a press release on Friday evening, the mayor of London, Sadiq Khan, prated that, “The situation in London is now critical with the spread of the virus out of control.
We are declaring a major incident because the threat this virus poses to our city is at a crisis point… If we do not take immediate action now, our National Health Service could be overwhelmed and more people will die”.

Some few months ago, it was announced that Prince Charles, the son of Queen Elizabeth, tested positive for the covid-19 and went into isolation and after his treatment, the second-in-line to the throne, Prince William, also tested positive for coronavirus some few days ago. As we already know, WHO has approved of the covid-19 vaccines they deployed some of the big pharmaceutical companies to experiment on and these vaccines have been requested by a lot of countries to be used in the treatment of their victims.

On Saturday, January 9, 2021, a Buckingham spokesperson made it known that Queen Elizabeth II and the Duke of Edinburgh, Prince Philip have received some of the vaccines for the coronavirus.
The suffusions were dispensed by a household doctor at Windsor Castle, a royal source disclosed.

To avoid inexactitudes, her Majesty who’s spent 94 years on earth decided to let it known that she had acquired the inoculation. The source added.

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Suhum Abortion Doctor Sentenced To Four Years Imprisonment

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Abortions, as we all know, are a lawless act that is being frowned upon by society at large. Despite it being illegal, some mischievous persons still go-ahead to take this risk, and mostly, it is the doctors who perform this operation that is mostly dealt with according to the law.

In Suhum which is located in the Eastern Region of Ghana, a confident trickster ascertained to be a doctor with the name David Darko has finally been incarcerated for 4 years by the Suhum Circuit Court after been on the run from the police force for nearly 3 years now.

In December 2017, a warrant was issued for the arrest of this charlatan alongside his accomplices when the Suhum police were alerted on the abortions ongoing and this led to them fleeing from their abode when the personnel from the Domestic Violence and Victim Support Unit ( DOVVSU ) stormed their facility. The haunt for them had since been in the process until he got arrested some weeks ago.

The culprit who is said to be a ” specialist” had been conducting unsafe abortions for ten good years now without any professional qualifications and certification. He was a health extension officer with the Youth Employment Agency posted to the Tetteh Quarshie Memorial hospital located at Mampong. After his service ended, he was taken in by Rev Bidi Memorial hospital which is popularly known as Setsoafia clinic as a ward assistant but was dismissed after exactly a year, somewhere in 2017, for misconduct and that was when his new found hobby was executed.

The illegal abortion center is found just a few meters away from the private hospital where he used to work. His arrest was made when some of his victims who suffered some complications after the abortions were done filed reports against him at the Suhum police station. Chief Superintendent Joseph Owusu who is the Police Commander for the Suhum division of police confirmed to the DGN Online that the Municipal health directorate informed the police about David’s deeds which led to his immediate arrest.

Presiding over his case yesterday, January 11, 2021, Judge Diana Adu Asare jailed him for 4 years with hard labor after he was found guilty of two counts of practicing medicine without authority and receiving money for the practice of medicine without authority.

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Fire guts Suame Magazine in Kumasi

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Outbreaks of fire have been on the rampage in these past weeks in the country and as inescapable as they seem , we tend not to have absolute control over them and such is what occurred in the early hours of today, January 12,2021 at one of the famous magazines in the country; Suame magazine.

In the last 48 hours, Kumasi, the capital city of Ashanti region, has recorded 3 fire outbreaks consecutively and this has created a tensed up atmosphere within the vicinity, resulting in fear and panicking amongst the inhabitants. The fire started around 9am today and per reports received, the number of mutilated spare parts were estimated to be worth billions of cedis, leaving craftsmen powerless.

In an interview granted by an eye witness identified as Omega Kwarteng with Pure FM’s Osei Kwadwo, he made it known that the staff and shop managers did their best to quench the fire but it was uncontrollable and gutted into locked shops to destroy several products.
” There is a fire beyond reach. We noticed that smoke came from the building on the floor and the fire erupted”…this was uttered by Osei Kwadwo who visited the site.

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Reasons why Shatta Wale’s manager, Bulldog has been arrested

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Bulldog and Nana Akufo Addo

Lawrence Nana Asiamah Hanson, known in showbiz as Bulldog, was arrested on Monday, January 11, 2021, over allegations that he had threatened President Nana Addo Dankwa Akufo-Addo will not complete his four-year term in office if aggrieved customers of Menzgold, a gold dealership firm, do not get back their locked-up funds.

Bulldog who claims that he invested in Menzgold, stated on UTV’s United Showbiz on Saturday, January 9, 2021: “The fact that people invested in Menzgold, it is also somebody’s business which employs a lot of people. Now, if you have issues with whatever it is when commenting on Menzgold, you need to relax with your comments.

“We have a culture of trying to pull people down in this country. Look, two or three years from now or even this year, you could start a huge business [but] if someone goes on the rampage to say that the business you are engaging in is not good, I think it is not healthy for our system.” Bulldog was commenting on issues raised on the show by co-panelist Afia Schwarzenegger.

Trying to give vivid explanations on why Menzgold was shut down by the Akufo-Addo administration, Bulldog said, Menzgold was operating when the government indicated that the firm had no license to operate in that ‘specialized’ field.

Nana Addo Dankwa Akufo-Addo will not complete his four-year term in office if aggrieved customers of Menzgold, a gold dealership firm, do not get back their locked-up funds” – Bulldog said.

“In my view, if you say the person doesn’t have a permit to run the business, you regularize their business. You make sure they get the permit, then you allow them to work. If you don’t do that and say OK shut down [the] business, what you need to do is to protect customers,” Bulldog explained.

Making reference to Afia Schwarzenegger’s comments earlier that some of her family folk who saved with Menzgold had lost all their investments, Bulldog reiterated that the government needed to pay all investors before shutting down the business.

“It doesn’t make sense [if] they want to shut them down,” Bulldog said. “To protect customers, customers should receive their monies before they shut them down.”

Afia Schwarzenegger then interjected, “So where is the money?”

Bulldog obviously ruffled by the interjection replied: “Go and ask the government that shut them down. Are you listening? We’ll get our monies back else Nana Addo will run; he won’t finish his four years. I’m telling you. He won’t finish his four years.”

When Afia Schwarzenegger suggested that he was threatening the President, Bulldog said: “Just shut up, that’s none of your business.”

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