Headline
Biden Announces $160bn Initiative To Aid Developing Nations
Published
9 months agoon
By
Editor
The United States has pledged $160 billion in funds to the World Bank and the International Monetary Fund (IMF) to support poverty reduction and foster a more sustainable global economy.
President Joe Biden announced this commitment at the 2024 Annual Meetings of the IMF and World Bank, held in Washington, D.C.
Highlighting the enduring mission of the IMF and World Bank—founded 80 years ago to promote global stability, fairness, and prosperity—Biden emphasized the urgency of addressing modern challenges. He called on wealthy nations to support poorer countries, noting that these nations should not have to sacrifice future development to pay off debt burdens.
READ ALSO: ‘We Have A Problem’: Democrats In ‘Aggressive Panic’ Over Biden’s Debate Performance
Key Points from Biden’s Address:
Funding for Development: The U.S. has secured over $140 billion in World Bank lending and an additional $20 billion through the IMF, specifically targeting sustainable development and climate action.
Advancing Equity: Biden pointed out efforts to increase African nations’ representation within the IMF, ensuring broader global participation.
READ ALSO: I Make N750,000 Monthly From Motorists – Fake LASTMA Officer Confesses
Debt Relief: The President stressed the importance of helping heavily indebted countries so they can invest in infrastructure, clean energy, and workers, rather than solely on debt repayments.
As world leaders prepare for the upcoming G20 Summit, Biden urged a renewed commitment to the International Development Association and emphasized that urgent action is needed to shape a stable and inclusive future.
He closed by reminding attendees of the “inflection point” the world faces, with decisions today shaping the global future for decades.
You may like
Headline
Iran Declares Holiday Amid Scorching Heatwave As Water Crisis Deepens
Published
13 hours agoon
July 20, 2025By
Editor
Iranian authorities have urged citizens to drastically reduce water consumption as the country battles severe shortages triggered by an intense heatwave, with temperatures surpassing 50 degrees Celsius in some parts.
According to the national meteorological service, this is Iran’s hottest week of the year so far, and conditions are expected to worsen. In Tehran, the capital, temperatures hit 40°C (104°F) on Sunday and are forecast to reach 41°C (106°F) by Monday.
Amid the heatwave in Iran and mounting pressure on water and electricity supplies, Tehran province has declared a public holiday on Wednesday. Government spokesperson Fatemeh Mohajerani announced the social media platform X, citing the need for resource conservation.
READ ALSO:Israel Wants Global Action Against Iran’s Nuclear Plans
“In light of the continued extreme heat and the necessity of conserving water and electricity, Wednesday … has been declared a holiday in Tehran province,” she wrote.
Water scarcity has long plagued Iran, especially in its arid southern provinces. The crisis has been attributed to a combination of climate change, mismanagement, and overexploitation of underground water resources. Officials warn that the reservoirs feeding Tehran are now at their lowest levels in a century, after years of declining rainfall.
Tehran city council chair, Mehdi Chamran, called on residents to conserve water to avoid further supply disruptions. Several provinces have issued similar advisories, urging citizens to cut down usage significantly.
READ ALSO:We Would Have Killed Iran’s Supreme Leader If Given Opportunity – Israel
Tehran’s provincial water management company has appealed for a minimum 20 per cent reduction in consumption to help ease the strain. Local reports from Javan, a conservative newspaper, revealed that authorities have already reduced water supplies in parts of the capital, resulting in outages lasting between 12 and 18 hours in some areas.
Energy Minister Abbas Aliabadi, in a statement on Sunday, apologised for the disruptions, explaining that the measure was necessary “to better manage resources.”
The situation adds to the growing list of climate-related challenges facing Iran, raising fresh concerns about long-term sustainability in the face of extreme weather events.
Headline
VIDEO: Passengers Jump Into Sea As Fire Guts Ferry
Published
21 hours agoon
July 20, 2025By
Editor
Dozens of passengers were forced to jump into the sea after a fire broke out onboard a passenger ferry, KM Barcelona VA, off the coast of North Sulawesi, Indonesia, on Sunday afternoon.
The incident, which occurred around 1.30pm local time, saw chaos erupt as thick black smoke billowed from the lower decks of the vessel, triggering panic among those onboard.
Harrowing videos from the scene captured the moment passengers, many wearing orange life jackets, jumped into the water in desperation while flames tore through the ferry.
Footage showed dark smoke engulfing the skies above the burning vessel, with screams and cries for help echoing from the ship.
READ ALSO:Inside £3,500 Per day Elite London Clinic Where Buhari Died
Some videos also depicted ferry staff assisting passengers in fastening their life jackets before they jumped overboard, as the overcrowded deck was quickly overwhelmed by the advancing inferno.
According to TheSunUS, the KM Barcelona VA, a ferry servicing the Manado-Tahuda route and nearby islands, was en route from the Talaud Islands to Manado City when the fire broke out near Talise Island, North Minahasa Regency. The vessel had been scheduled to arrive at Manado Port.
Rescue operations remain underway, with emergency teams racing to account for all passengers. Authorities have yet to confirm any casualties, and the cause of the fire is still unknown. A search and rescue post has been established at Likupang Port to coordinate efforts.
“There are KM Barcelona III, KM Venecian, and KM Cantika Lestari 9F,” a Manado KSOP officer confirmed, referring to the vessels dispatched to support the evacuation. Local fishermen and residents also joined the rescue operation, surrounding the burning ferry in small boats to assist in saving those trapped.
READ ALSO: Three Children Freed In Spain After Three Years Indoors
Images taken after the flames were subdued showed the once blue and white ferry reduced to a charred wreck, with its internal metal structure exposed and its hull completely destroyed.
Some survivors were seen staring in shock at the remains of the vessel from nearby boats.
The head of the Manado Search and Rescue Office, George Leo Mercy Randang, said: “More information will follow. We hope all passengers can be rescued first.”
Families of those onboard have been urged to stay calm and await official updates as authorities continue to gather details.
https://www.facebook.com/share/r/19R5VqxVj6
Headline
How Thief Stole Aeroplane At Airport 22 Years After Two Men Went Away With Boeing 727
Published
2 days agoon
July 19, 2025By
Editor
To many, stealing an aeroplane right inside the airport with a watertight security system in place seems unbelievable, but a man in Canada stole a light aeroplane at an airport in the country, circled it around and later landed it before he was arrested by security officials.
This came 22 years after two men entered a Boeing 727 parked inside the airport in Luanda, the Angolan capital, and went away with the big aircraft.
According to reports, the aeroplane had not been found till today and the men had evaded arrest since then.
According to the Cable News Network (CNN), the stolen Cessna 172 aircraft caused a temporary shutdown of the airspace over Vancouver International Airport, one of the busiest in Canada, on Tuesday.
READ ALSO: ‘His Security Is Not Guaranteed,’ Okpehbolo Warns Obi Not To Come To Edo Without Informing Him
The man stole the aircraft, took off from Victoria International Airport, where it is used for flight training, and flew north about 40 miles to Vancouver.
He started circling, apparently due to his lack of expertise.
“We do have an aircraft that has been stolen and is in the vicinity of the airport,” a tower controller warned other pilots.
“Just in case anything starts heading towards you, you have the ability to move at your discretion.”
The man eventually landed the plane safely at Vancouver International Airport and was immediately surrounded by police.
READ ALSO:U.S Plane Carrying 64 Passengers Collides With Army Black Hawk At Reagan Airport
The thief, who was not identified by authorities, was the only person inside and was arrested.
A similar incident also occurred at Luanda International Airport, Angola, when two individuals successfully stole a Boeing 727 without any security official knowing about the theft until a few hours later.
The Boeing 727, once operated by American Airlines, was retired and left at Luanda airport after plans to convert it were rejected. In 2003, two men—a pilot and a mechanic—illegally boarded the plane and took off with 14,000 gallons of fuel, enough to travel 1,500 miles. The plane and the men were never found.
(TRIBUNE)
- OPINION: The Body Of The Yoruba King
- [OPINION] Buhari: A Tale Of Two Deaths
- [OPINION] 2031: The Burden Of Hope And The Ijaw Expectation
- ‘Missing N6trn’: SERAP Drags FG To ECOWAS Court Over Unpublished NDDC Audit
- WAEC Speaks On Rumoured Cancellation Of 2025 WASSCE Exams
- Iran Declares Holiday Amid Scorching Heatwave As Water Crisis Deepens
- I’m Burdened By Suffering, Deprivation In Nigeria — Peter Obi
- What Late Awujale Told Me – Tinubu
- Anambra Governorship Candidate Shot
- Why Peter Obi Must Get Security Clearance Before Coming To Edo — APC Chair, Tenebe
About Us
Trending
- Politics4 days ago
BREAKING: Edo 2024 PDP Campaign DG Resigns From Party, Gives Reason
- Politics4 days ago
What Buhari Told Me During My Campaign — Peter Obi
- News5 days ago
Court Orders Final Forfeiture Of N335m, Hospital, Five Filling Stations To FG
- Headline5 days ago
Nurse Banned For Paying Patient $3,000 To Cut Off Ex-boyfriend’s Penis
- News5 days ago
Why I Didn’t Attend Buhari’s Burial – Peter Obi
- News3 days ago
How RCCG Pastor Absconded With $8,000, Marry New Wife In US — Pastor Adeboye’s wife
- News4 days ago
JUST IN: FG Renames Nigerian University After Buhari
- Metro4 days ago
How AAUA Undergraduates Were Raped, Killed, Corpses Disposed Of By Killers – Police
- News5 days ago
NIS Inaugurates Digital Expatriate Residence Permit Platform
- News3 days ago
‘His Security Is Not Guaranteed,’ Okpehbolo Warns Obi Not To Come To Edo Without Informing Him