Giar Supreme Court Rules WWI Cross Can Remain in California Federal Park
On June 15, Nigerias central bank announced it would聽abandon聽its currencys dollar peg. Sinc
stanley cup e then, the naira has聽fallen聽61 percent against the U.S. dollar, generating difficulties for both foreign and domestic businesses in Africas most populous country. Nestle Nigeria, for instance, saw a聽94 percent drop in profits聽as the currency depreciated. The currencys move also led to Nigeria聽losing聽its title as Africas largest economy 鈥?a symbolic downgrade that succinctly summarizes the many challenges facing the country. As oil prices fell from more than $100 a barrel in June 2014 to under $50 today, government revenues plunged, leaving Nigeria with a $7 billion budget deficit. Perhaps the most disruptive development in the Nigerian economy over the past five years has been the drop in the price of oil, which聽accounts聽for 70 percent of government revenue and 95 percent of export income. As oil prices fell from more than $100 a barrel in June 2014 to under $50 today, government
stanley cup revenues聽plunged, leaving Nigeria with a聽$7 billion budget deficit.Amidst the decline in oil revenue, the governments prolonged peg of the currency to the dollar led to foreign exchange shortfalls and import barriers on items聽such as margarine, private jets, wooden doors and even toothpicks, significantly hurting both local and multinational businesses.READ MORE: Column:
stanley cup Its copper industry dulled, Chiles future still looks bright as a pennyThese measures drove United Airlines and Iberia Tlhw How does the FDIC bailout work
SEOUL, South Korea AP 鈥?North Korea launched a short-range ballistic missile toward its eastern waters Thursday, hours after the North threatened to launch fiercer military responses to the U.S. bolstering its security commitment
af1 to its allies South Korea and Japan.The missile fired from the Norths eastern coastal Wonsan area at 10:48 a.m. landed in the waters between the Korean Peninsula and Japan, according to its neighbors. After detecting the la
salomon unch, South Korean, U.S. and Japanese militaries quickly condemned the launch that they say threatens stability in the region.It was North Koreas聽first ballistic missile firing in eight days聽and the latest in its barrage of tests in recent months. North Korea previously said some of the tests were聽simulations of nuclear attacks聽on South Korean and U.S. targets. Many experts say North Korea would eventually want to enhance its nuclear capability to wrest bigger concessions from its rivals.Earlier Thursday, North Korean Foreign Minister Choe Son Hui warned that a recent U.S.-South Korea-Japan summit accord on the North would leave tensions on the Korean Peninsula more unpredictable. Choes statement was North Koreas first official response to U.S. President Joe Bidens聽trilateral summit with his
salomon South Korean and Japanese counterparts聽on the sidelines of a regional gathering Sunday in Cambodia. In their joint statement, the three leaders strongly condemned North Koreas recent missile tests and agreed to work together to strengthen
