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Around the World

Ngozi Okonjo-Iweala resumes first day as WTO Director-General

Dr Okonjo-Iweala officially resumed duty as the DG of the WTO today, March 1, 2021.

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Dr. Ngozi Okonjo-Iweala, former Nigerian Finance Minister and the first woman and African to be appointed as Director-General of the World Trade Organization resumed her first day of work as WTO chief.

This was disclosed in a social media statement on Monday morning by the WTO. Okonjo-Iweala said the WTO has lots of work to do and she feels ready to start

The trade organisation said: “Welcome to Dr Ngozi Okonjo-Iweala, on her first day as WTO Director-General! She makes history as the first woman and first African to take up this post.”

On her first day, Dr. Iweala said she is “coming into one of the most important institutions in the world and we have a lot of work to do. I feel ready to go.”

READ: WTO: President Buhari reacts to US backing of Okonjo-Iweala as Director-General

READ: Portugal blocks Africa’s richest woman, Isabel dos Santos’ bank accounts

What you should know 

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  • On February 15th 2021, Nigeria’s Dr. Ngozi Okonjo-Iweala was officially appointed as the Director-General of the World Trade Organisation.
  • The United States and former Permanent Secretary Federal Ministry of Foreign Affairs, Ambassador Joe Keshi pointed out that the only way Nigeria as a country can benefit from her appointment is by being productive.
  • “She will not help you unless you are productive, she will not help you except you have something to sell, because her role as a DG of the World Trade Organization, the World Trade Organization is an organization that regulates global trade and except you have something to sell and you know put into the world market her role is to ensure that you get a fair deal and that you are not cheated in the whole process,” he said.

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    Around the World

    Trump to return to social media with his own platform in 2 months

    Over 2 months after he was banned from Twitter, Facebook, others, Donald Trump is working on making a return.

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    U.S. budget suffers a deficit of $3.1 trillion in 2020, as pandemic slams the economy, President Trump to decide fate of TikTok in 24-36 hours, Vaccine, America's Trump finally bans TikTok, WeChat, US imposes visa ban on Nigerians for election-related activities, I am not going to do second debate - Trump

    Former US President, Donald Trump, will be back on social media in the near future, over 2 months after he was banned from Twitter, Facebook, and others.

    This follows plans by the former President to launch his own social media platform within the next 2 or 3 months.

    This disclosure was made by Trump’s Senior Adviser, Jason Miller, on Sunday, March 22, 2021, during a chat with Fox News’ #MediaBuzz.

    READ: President Biden revokes Trump’s ban for green card applicants in US

    What Donald Trump’s Senior Adviser is saying

    Jason Miller, who was a spokesman for Trump’s 2020 campaign, told the media network that the former President would soon get back to social media space with a new platform of his own that would completely redefine the game.

    Miller, while talking to Fox News, said, “I do think that we’re going to see President Trump returning to social media in probably about two or three months here, with his own platform. And this is something that I think will be the hottest ticket in social media; it’s going to completely redefine the game, and everybody is going to be waiting and watching to see what exactly President Trump does.”

    Although he did not provide more in terms of details, Miller revealed that Trump had been having high-powered meetings at his Florida resort, Mar-a-Lago, with various teams regarding the venture, and that numerous companies had approached Trump.

    Miller said the new platform was going to be big, while also predicting that Trump would draw tens of millions of people.

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    In case you missed it

    • It can be recalled that former President Trump was banned from Twitter after the January 6, attack on the Capitol by his supporters. He was accused of inciting his supporters after he rejected the US Presidential election result which he claimed was a fraud.
    • Twitter last week said it would seek public input on when and how it should ban world leaders, saying it was reviewing its policy and considering whether leaders should be held to the same rules as other users.

    Continue Reading

    Around the World

    Tesla investor sues Elon Musk for causing problems with his tweets

    An investor in the US electric car maker, Tesla, has sued the company’s founder, Elon Musk over alleged erratic tweets.

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    Tesla Investor Sues Elon Musk for Causing Problems with His Tweets

    Elon Musk, the controversial multi-billionaire is being sued by an investor in his company. Musk is being accused by the investor of unsettling the markets and exposing his investors to high risk with his “erratic tweets”.

    Chase Garrity an investor in the US electric car maker, Tesla, has sued the founder of the company for his erratic Twitter messaging which according to him, has exposed the company to high legal risks and billions in price losses.

    The 105-page lawsuit was published in the US court of Delaware and it accuses Musk of violating the settlement negotiated with the US Securities and Exchange Commission in 2018.

    READ: Battle of Titans: Elon Musk, Jeff Bezos share world’s richest title

    The lawsuit also includes the entire Tesla board and its supervisory body for not calling Musk to order.

    In May 2020 Musk caused a 14 billion dollar loss in market value on a single trading day with a series of unguarded tweets. He tweeted about Tesla’s market value being too high and how he was going to dispose of all physical assets.

    The lawsuit stated that any further unbridled tweet from Musk would have dire consequences for Tesla’s future funding opportunities.

    READ: Elon Musk gains $25 billion in a day, as Tesla surges by 20%

    Sigma Pensions

    What you should know 

    • Remember Nairametrics posted a story on how Musk tweets once again caused a serious ripple effect in the crypto world. His tweet helped Bitcoin gain $6000. He later invested heavily in Bitcoin.
    • Manager Magazine stated that analysts are not comfortable with such a move and view it as some kind of manipulation.
    • Musk in April last year posted a joke photo of Tesla going bankrupt. This once again unsettled investors.
    • Tesla Management has not released a statement on this fresh lawsuit.

    Continue Reading

      





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