Global markets tumble as VIX hits 5-year high, gold surges on safe-haven demand

By Anadolu Agency Global markets reeled on Wednesday under intense selling pressure, with the Volatility Index (VIX) — often dubbed the “fear index” — surging to its highest level in five years, while gold prices jumped over 2% as investors rushed to safe havens. The turmoil followed heightened fears of a global recession, triggered by

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America’s first national online community college founded by a Nigerian has raised $100m to offer affordable higher education

Tade Oyerinde launched Campus in 2022. Photo: TechCrunch By Face2Face Africa Tade Oyerinde, founder and chancellor of Campus, has always believed that top-tier education shouldn’t come with crippling debt. His online learning platform, which partners with professors from elite universities, just secured $46 million in Series B funding to further its mission, according to Afro

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China moves swiftly to stabilize markets amid global financial turbulence

This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. Photographer Liang Xu By Xinhua News Agency In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence. Affected by sweeping

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Kremlin says Russia is ready to do all it can to help resolve US-Iran nuclear tensions

A 3D-printed miniature model of Donald Trump and the U.S. and Iran flags are seen in this illustration taken January 15, 2025. Reuters/Dado Ruvic/Illustration/File Photo By Reuters The Kremlin said on Monday that Russia was ready to do all it could to help resolve tensions between the United States and Iran around Tehran’s nuclear programme,

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Trump calls tariffs ‘medicine’ amid market turmoil

By Anadolu Agency US President Donald Trump described tariffs as “medicine” for addressing the country’s trade deficit with many countries. “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters Sunday while flying on Air Force One from Florida to Washington, DC, saying he was

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US revokes all South Sudan visas over failure to repatriate citizens

U.S. Secretary of State Marco Rubio boards a plane after attending the NATO meeting in Brussels, Belgium, April 4, 2025. Jacquelyn Martin/Pool via Reuters/ File Photo By Reuters The U.S. said on Saturday it would revoke all visas held by South Sudanese passport holders over South Sudan’s failure to accept the return of its repatriated

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Somalia President meets Ugandan dictator Yoweri Museveni for advice

File Photo/Somali Times Uganda’s President Yoweri Museveni, who has been in power since 1986, is turning into an dictator, bent on silencing the opposition and suppressing the media in order to maintain a firm grip on his power. This only confirms that Uganda, like some other countries in the region, is slowly degenerating into a

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Farmajo says arrest of the chairman of the people’s political organization is a reflection of the political direction taken by Hassan Sheikh

File Photo/Somali Times Former Somalia President Mohamed Abdullahi Farmajo has strongly condemned the arrest in Mogadishu of the chairman of the People’s political organization Abdirahman Suleiman Jama by the Federal Government’s security agencies. Read: Exclusive: Somalia airspace revenue collected by Hassan Sheikh and his family Read: Somalia officials abuse diplomatic passports for immigration fraud and

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Russian official says Moscow, Washington made ‘3 steps forward’ in mending ties

By Anadolu Agency Russia and the US made “three steps forward” on a large number of issues over the past two days, Kirill Dmitriev, Russia’s special envoy for foreign investment and economic cooperation, said Thursday. “You know, indeed, for the last two days, on behalf of (Russian) President (Vladimir) Putin, I have been holding meetings

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China will resolutely adopt countermeasures against U.S. reciprocal tariffs-commerce ministry

By Xinhua News Agency China firmly opposes the U.S. “reciprocal tariffs” and will resolutely adopt countermeasures to safeguard its rights and interests, a spokesperson for the Ministry of Commerce said on Thursday. The comments came after the United States announced on Wednesday that it would impose “reciprocal tariffs” on its trading partners. History shows that

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