News

Over 100 dead after explosion at an illegal Nigerian oil refinery

Published

2 years ago

April 25, 2022

Costa Haritos

At least 110 people have been killed in an explosion at an illegal oil refinery in Nigeria

The overnight blast happened at a depot on the border of Nigeria’s Rivers and Imo states.

The nation’s President says there is “shock and trauma“ following the event in which victims were burnt beyond recognition.

Local police are searching for the owner of the illegal operation, which has caused damage to local fishing and agriculture.

These illegal practices are seen to be relatively easy to pull off because of a lack of oversight in Nigeria.

Authorities have been struggling to curb the growth of illegal plants where stolen crude oil is refined. The practices have been increasing because of a rising rate of unemployment and poverty in the country.

However, Nigeria’s President has ordered forces to increase their efforts to shut them down.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

9 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

9 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity