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Indian stock prices plummeted after results from India's general election showed Prime Minister Narendra Modi's party may not be able to form a majority government.The benchmark NSE Nifty 50 stock index closed nearly 6% lower, its biggest drop since India's first coronavirus lockdown in March 2020.Early results suggest Mr Modi's party may need to turn to allies to form a coalition government.Some analysts said that could lead to uncertainty over economic policy.The NSE Nifty 50, which comprises stocks of various large companies, had earlier slumped as much as 8.5% before closing down 5.9% at 21,884.5 points.The S&P BSE Sensex also…
The Sandfields Hindu Temple hall is damaged by a tornado and extreme weather events in Tongaat, north of Durban, on June 4, 2024. (Photo by RAJESH JANTILAL/AFP via Getty Images) The tornado that struck the Tongaat region of KwaZulu-Natal during a severe storm on Monday night may have only lasted around 45 minutes, but the damage it caused was severe and widespread. “The impact it's left behind – the devastation – is staggering,” said Bilal Jiwa of the Gift of the Givers Foundation, who was deployed to the area Monday night to help with relief efforts after tornadoes, heavy rains…
The boss of Britain's largest arms manufacturer has said that intensifying global conflicts will mean countries will spend the next decade restocking their arsenals.Chemring, which describes itself as a major supplier to NATO, said countries were reacting to the wars in Gaza and Ukraine and “an increasingly assertive China.”The company wants to quadruple its already record-level sales to nearly £1 billion by 2030.”Rising geopolitical tensions around the world are creating a virtuous cycle of radical rearmament that is expected to continue for at least the next decade,” said Chemring CEO Michael Ould.The company builds aerospace, defense and security technologies for…
Sameera Kasmod | sameerac@radioislam.co.zaJune 4, 2024 | 13:01 SAST2 min readimage: Election photos for the 2024 general electionRadio Islam International / Samira KasmodFollowing last Wednesday's election, allegations of corruption and bias have been levelled at the Independent Electoral Commission (IEC), raising concerns about the accuracy of the results and the electoral process as a whole.Independent political analyst Michael Atkins said the main allegations of bias and corruption lacked evidence and that the IEC had resolved the objections submitted by political parties over the weekend.”Further research is needed to address concerns about small-scale accuracy,” Atkins added. [election] “Results or Process”The election…
Human rights groups say there have been multiple attacks on media workers since Bola Tinubu became president last year. Photographer: Gina Moon/Bloomberg via Getty Images ohOn a recent hot afternoon, five men with rifles approached Daniel Ojukwu on a Lagos street, showed him a detention warrant bearing his full name, and forced him into a car. They were police officers in Abuja, Nigeria. He is an investigative journalist. At the State Criminal Investigation Agency in Panti, Yaba County, Lagos, the men handcuffed Ojukwu from behind and emptied his pockets. They did not allow him to call his lawyer or family…
Zodwa Wabantu says she regrets helping ungrateful poor people Zodwa Wabantu expressed her disappointment at poor people taking advantage of her. “Please don't take my post negatively, just Abantu Bayakasaza “(People get tired) especially when you know you have a kind heart and you want to help in any way you can,” the entertainer said. “Poor people think they're smart,” she posted on social media. Speaking to TshishaLIVE, Zodwa further explained why she made the post. The South African star said that while she has a responsibility, her choice to help people, especially the poor, should not make her so…
South Africa's real gross domestic product (GDP) contracted 0.1% in the first quarter of 2024, worse than economists had expected. Economists polled by Reuters had forecast growth of 0.1 percent.South Africa narrowly avoided a recession with its economy growing by 0.3% in the fourth quarter of 2023 after contracting in the third quarter.However, Statistics South Africa confirmed on Tuesday that the economy had slipped back into negative territory earlier this year.2024 got off to a dismal start, with weak domestic consumer demand and mining production falling 2.3 percentage points, with platinum group metals, coal, gold and manganese ore performing the…
Gogo Maweni Gogo Maweni denies using dark powers on customers following the invention of the cash candle. The sangoma shared a video of the pink cash candle on his Instagram page, sparking suspicion. talk Tushisha LIVEMaweni said putting cash inside the candles was a great idea and nothing more than ordinary. “I'm probably the best known traditional healer in South Africa so I'm not going to defend myself over nonsense. When I spoke about people handing out money I said it was some people. Just because I know people are doing it doesn't mean I'm doing it.” “I'm a businesswoman,…
Minister in the President's Office, Khumbudzo Ntsahvheni. (Jairus Mutule/GCIS) aAs the ANC continues to discuss which parties it will form a coalition with nationally, National Executive Committee (NEC) member Khumbudzo Ntshavheni said the party has a majority and should be allowed to lead the new government. Ntshavheni was speaking on the sidelines of the announcement of the 2024 election results by the South African Electoral Commission on Sunday. “The ANC has the most votes, it is the party with the most votes, supported by over six million South Africans. The ANC has the responsibility to lead the country,” she said.…
J.Molly returns to social media after scaring fans J.Molly returned to social media on May 30 after causing concern for her fans and followers. The rapper posted a suicide note on Twitter and then went live on Instagram to ingest a toxic substance. Rappers and other fans like Rouge cried out and pleaded with Molly to calm down and reconsider her decision. The young rapper was reported to have been rescued hours after the incident. However, he did not return to social media to make any statement. On Monday, J. Morey casually tweeted about cryptocurrency, infuriating his followers. Some Twitter…