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  • IMF Said Chinese Economy is Worth £11trillion, the US £10.8trillion

    Figures show the Chinese economy is worth £11trillion, the US £10.8trillion. The IMF estimates China’s economy will be worth £16.7trillion in 2019. The US has been the global leader since it overtook Britain in 1872.
    China has toppled America to become the biggest economy in the world, according to figures from the International Monetary Fund. The US has been the global leader since it overtook Britain in 1872, but has now lost its status as top dog.
    The latest IMF figures show the Chinese economy is worth £11trillion compared with £10.8trillion for the US. China – whose wealth has accelerated in recent decades amid rapid industrialisation – is expected to extend its lead, with the IMF estimating its economy will be worth £16.7trillion in 2019. That would be 20 per cent bigger than the US economy, which is forecast to be worth £13.8trillion by then.
    The numbers are based on ‘purchasing power parity’ (PPP) which makes adjustments for the fact that goods are cheaper in countries such as China relative to the US. Without these adjustments for living costs, the Chinese economy is still smaller than that of the US, at £6.4trillion.

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  • Religious Leaders in Africa Building Wealth Empire over Poor People’s Money

    The issue of wealth and people’s response to it has created a clear divide in the body of Christ. While some preachers believe that God’s ultimate plan for His children is to prosper in this world and live eternally with Him in heaven quoting ‘I wish above all things that thou prosper …’ Others disagree and claim true followers of God should not focus on amassing the material possessions of this world especially when others around them suffer.
    Although Africa is home to some of the poorest and most religious countries in the world, it may seem a bit contradictory to note that she is home to the richest pastors in the world. According to naija.com, a Nigerian blog, five African pastors were listed among the wealthiest men of God in the world alongside Bishop TD Jakes, William Graham, Creflo Dollar and a host of them. From Nigeria, Bishop Oyedepo sits at the second position with a net worth of $150 million and other private properties. Pastor E.A Adeboye was also listed in an African magazine, NEWSWEEK, as the most powerful man in Africa and one of the top 50 global power elites in 2008/2009, among others such as President Barack Obama and Nicolas Sarkozy.
    Forbes evaluation was recently released to indicate that the richest pastors in Africa are from Nigeria with Bishop Oyedepo at First position having a net worth of $150 million while Chris Oyakilome is worth $50 million , T.B Joshua sits in third position with $15 million while Chris Okotie and Matthew Asimilowo stands at $10 each.
    It has been revealed that some of these pastors have private investments in form of privately owned universities, houses, schools and businesses which helps to finance their first class lifestyle. However, a majority are believed to live on church funds gotten from the pocket of members.

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  • Researcher Killed In Ethiopia Now Raising Money for Fellow Researcher

    Family of a researcher killed in Ethiopia is trying to raise money to continue her legacy. Sharon Gray set out on a journey around the world to help Ethiopian researchers to farm and help women there to have sustainable lives.
    “It was our first time in Africa and we were really enjoying exploring the country and its beauty,” said Siohban Brady, who was Sharon’s partner.
    “Ultimately empower them and their children and to not have them suffer painful and difficult lives,” she said. But tragically three days into the trip, Sharon was killed. Authorities say rocks were thrown at a van she was in.

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  • The Cost of Internet Shutdown in Ethiopia Expected to Increase

    The internet shutdown in Ethiopia will drain millions of dollars from the economy, besides undermining citizens’ rights to impart and seek information, observers of the current state of emergency say.
    Mobile internet remains down across the country since the government announced a six-month, nationwide emergency in early October. The government also this week banned the use of social media platforms like Facebook and Twitter to communicate or to document the ongoing unrest in the country.
    Ethiopia, the second most populous country in sub-Saharan Africa, has one of the lowest rates of internet and mobile phone connectivity in the world. The current protests, which have engulfed the country since Nov. 2015, have only exacerbated that situation. More than 500 people have died in the protests in both the Amhara and Oromia regions according to rights groups, 55 of whom died during a religious festival on Oct. 2.
    Authorities shut down access to social media in the Oromia region four times this year, Access Now, an organization that defends the digital rights of users across the world says. With the escalating protests, however, the government has now also cut mobile internet in the capital Addis Ababa, estimating the loss of millions of dollars. In the current crackdown, access to fixed internet lines to business was however reportedly relaxed and up, but mobile internet remained off.

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  • A 62 Year Old Spanish Woman Get a Child

    A 62-year-old Spanish woman has given birth to a healthy girl and encourages women in their later years to imitate her if they want to. Lina Alvarez left the Lucus Augusti Hospital in the northwestern city of Lugo on Tuesday with her third child in her arms, saying she felt wonderful.

    She said baby Lina, born Oct. 10, was in perfect health. The 2.4-kilogram (5.3-pound) Lina was born by cesarean section.

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  • Amnesty International: Draconian measures will escalate the deepening crisis in Ethiopia

    Heavy-handed measures by the Ethiopian government will only escalate a deepening crisis that has claimed the lives of more than 800 protesters since protests began in November 2015, said Amnesty International today after the government issued a directive imposing wide-ranging restrictions as part of a state of emergency.

    “The directive authorizes arrests without warrants, as well as rehabilitation measures. When such measures have been used in the past, they have led to the arbitrary detention of protesters at remote military facilities without access to their families and lawyers,” the rights group said.

    “These emergency measures are extremely severe and so broad that they threaten basic human rights that must not be curtailed even under a state of emergency,” said Muthoni Wanyeki, Amnesty International’s Regional Director for East Africa, the Horn and the Great Lakes. “These measures will deepen, not mitigate, the underlying causes of the sustained protests we have seen throughout the year, which have been driven by deep-seated human rights grievances.

     These grievances must be properly addressed by the authorities. Further crackdowns and human rights violations will only make the situation worse.” In a public statement issued today, Amnesty International recommends that instead of further curtailing human rights, the government should seize the moment and recommit itself to respecting, protecting and fulfilling them, in line with its regional and international obligations.

     “It is the government’s failure to constructively engage with the protesters that continue to fuel these protests. It must now change course,” said Muthoni Wanyeki.

     “The government must ensure an end to the excessive and arbitrary use of force by the security forces against demonstrators and release all protesters, opposition leaders, and supporters, as well as journalists and bloggers, arrested for exercising their rights to freedom of expression, association and peaceful assembly.” At least 600 protesters have been killed in Oromia and 200 in Amhara since November last year, the group said.


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