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Israel Launches Airstrikes On Iran

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Israel Launches Airstrikes On Iran

Israeli military officials said that the Israeli Air Force targeted Iranian nuclear and military sites in the attacks.

Sounds of explosions have been reported in Iran after Israel attacked the country’s capital, Tehran, early Friday.

The Israeli military officials said that the Israeli Air Force targeted Iranian nuclear and military sites in the attacks.

President Benjamin Netanyahu, in a YouTube video on Friday morning, said the strikes targeted Iran’s nuclear facilities and ballistic missile production sites.

“This operation will take as long as is needed to complete the task of fending off the threat of annihilation against us,” Mr Netanyahu said.

However, images circulating in the media showed the airstrike destroyed buildings in residential areas.

The Chief Commander of Iran’s Islamic Revolution Guards Corps, Hossein Salami, has reportedly been killed.

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Iran, in response, has vowed to launch a swift and forceful retaliation against the airstrikes.

Tensions over Iran’s nuclear programme escalated on Thursday after the International Atomic Energy Agency’s Board of Governors censured the country for the first time in two decades over its lack of cooperation with inspectors.

In a swift response, Iran announced it would build a third uranium enrichment facility and upgrade its centrifuges to more advanced models.

Also, talks between the United States and Iran have largely stalled, primarily due to an impasse over uranium enrichment. Both countries have held five rounds of nuclear talks since April, as President Trump pushed for a deal that would limit Iran’s uranium enrichment.

The US had insisted that Iran halt all uranium enrichment activities, but Iran rejected the demand.

Multiple reports from Tehran indicated that loud explosions were heard northeast of the Iranian capital. Iran’s state media also announced that all flights at Imam Khomeini International Airport, the city’s main air hub, have been suspended.

The United States has, however, distanced itself from the attack against Iran.

The Secretary of State, Marco Rubio, has declared that the US was not involved in the strikes and warned Iran not to target American interests or personnel in the region.

“Tonight, Israel took unilateral action against Iran. We are not involved in strikes against Iran, and our top priority is protecting American forces in the region.

“Let me be clear: Iran should not target US interests or personnel,” Mr Rubio said in a statement.

President Trump had earlier warned Prime Minister Netanyahu against an attack on Iran.

A few hours before the strike, he had also posted on Truth Social that his administration was committed to a diplomatic resolution with Iran on its nuclear development.

“We remain committed to a Diplomatic Resolution to the Iran Nuclear Issue! My entire Administration has been directed to negotiate with Iran. They could be a Great Country, but they first must completely give up hopes of obtaining a Nuclear Weapon,” he said.

The Iranian spokesperson for the Armed Forces’ General Staff, Abolfazl Shekarchi, has said both the US and Israel will pay a “heavy price” for the “deadly airstrikes” against the country.

He declared that Israel “will pay a heavy price and should await a strong response from the Iranian armed forces.”

Both Iran and Israel have closed their airspace.

Israel has also signed “a special order declaring an emergency situation on the home front,” in anticipation of Iran’s response.

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Fight Back: Kemi Badenoch Breaks Silence On Media Attack Over Reckless Comments

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Kemi Badenoch

If there is anyone in the world that is not happy or feeling serious criticism, it has to be nobody except, Kemi Badenoch, UK business secretary and Conservative Party leader.

The British politician with Nigerian heritage has been consistently getting serious backslash from different media users by Nigerians and some British citizens over her reckless statement against immigrants in the United Kingdom.

Recently, the British electorate has decided to reject Kemi Badenoch, marking a significant moment in the political landscape.

Critics argue that her outspoken remarks betray a certain level of disregard for her Nigerian roots, suggesting that she is more aligned with her identity as a British citizen than with her heritage.

This perception has been fueled by her rhetoric, which some interpret as prioritizing British values and culture over the traditions and issues of her ancestral country.

As a result, a segment of the public and political observers feel that Badenoch’s actions and statements may contribute to a narrative of disavowal of her Nigerian background in favor of assimilation into her adopted home, the United Kingdom. This tension highlights the complexities faced by individuals straddling multiple identities and the scrutiny they encounter in the political arena.

Responding to media critics, she declared that she no longer identifies as Nigerian and has not held a Nigerian passport for over 20 years.

Badenoch, who was born in London and raised in Lagos, made the statement while speaking on a podcast.

She said that while she knows Nigeria well and has family ties there, she no longer feels a sense of belonging to the country.

Her words: “I have not renewed my Nigerian passport, I think, not since the early 2000s,” she said. “I don’t identify with it anymore. Most of my life has been in the UK and I’ve just never felt the need to.

“The Conservative Party is very much part of my family, my extended family, I call it.

“I’m Nigerian through ancestry, by birth despite not being born there because of my parents, but by identity I’m not really.

“I know the country very well, I have a lot of family there… but home is where my now family is.”

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Uganda Election: Museveni Confirms Bid To Extend 40-Year Rule

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Uganda Election: Museveni Confirms Bid To Extend 40-Year Rule

The 80-year-old leader pledges economic growth from today’s GDP of $66bn to $500bn within the next five years.

Ugandan President Yoweri Museveni has confirmed he will contest next year’s presidential election, setting the stage for a potential extension of his nearly 40-year rule.

The 80-year-old announced late on Saturday that he had expressed his interest “in running for … the position of presidential flag bearer” for his National Resistance Movement (NRM) party.

Museveni seized power in 1986 after a five-year civil war and has ruled ever since.

The NRM has altered the constitution twice to remove term and age limits, clearing the way for Museveni to extend his tenure.

Rights groups accused him of using security forces and state patronage to suppress dissent and entrench his power – claims he denies.

Museveni said he seeks re-election to transform Uganda into a “$500bn economy in the next five years”. According to government data, the country’s current gross domestic product stands at just under $66bn.

Ugandans are due to vote in January to choose a president and members of parliament.

Challenger
Opposition leader Bobi Wine, a pop star-turned-politician whose real name is Robert Kyagulanyi, has confirmed he will run again. Wine rejected the 2021 results, alleging widespread fraud, ballot tampering and intimidation by security forces.

Ugandan opposition leader Robert Kyagulanyi, also known as Bobi Wine, poses for a photograph after his press conference at his home in Magere, Uganda, on January 26, 2021. – Ugandan soldiers have stood down their positions around the residence of opposition leader Bobi Wine, a day after a court ordered an end to the confinement of the presidential runner-up. He had been under de-facto house arrest at his home outside the capital, Kampala, since he returned from voting on January 14, 2021.

Tensions have risen in recent months after parliament passed a law allowing military courts to try civilians, a practice the Supreme Court ruled unconstitutional in January.

The government insisted the change is necessary to tackle threats to national security, but rights organisations and opposition figures argued it is a tool to intimidate and silence critics.

Uganda for years has used military courts to prosecute opposition politicians and government critics.

In 2018, Wine was charged in a military court with illegal possession of firearms. The charges were later dropped.

Human Rights Watch (HRW) has criticised Uganda’s military courts for failing to meet international standards of judicial independence and fairness.

Oryem Nyeko, senior Africa researcher at HRW, said this year: “The Ugandan authorities have for years misused military courts to crack down on opponents and critics.”

Aljazeera.com

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Nike To Hike Prices Amid Trump’s China Tariffs

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Nike To Hike Prices Amid Trump's China Tariffs

Nike joins companies like Walmart, Target and Mattel that have said they will need to raise prices.

Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue.

The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction with its earnings report released on Thursday.

US President Donald Trump’s sweeping tariffs on imports from key trading partners could add about $1bn to Nike’s costs, company executives said on a post-earnings call after the sportswear giant topped estimates for fourth-quarter results.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16 percent of the shoes Nike imports into the US, Chief Financial Officer Matthew Friend said. However, the company aims to cut the figure to a “high single-digit percentage range” by the end of May 2026 as it reallocates Chinese production to other countries.

“We will optimise our sourcing mix and allocate production differently across countries to mitigate the new cost headwind into the United States,” he said on a call with investors.

Consumer goods are one of the most affected areas by the tariff dispute between the world’s two largest economies, but Nike’s executives said they were focused on cutting the financial pain. Nike will “evaluate” corporate cost reductions to deal with the tariff impact, Friend said. The company has already announced price increases for some products in the US.

“The tariff impact is significant. However, I expect others in the sportswear industry will also raise prices, so Nike may not lose much share in the US,” David Swartz, analyst at Morningstar Research, told the Reuters news agency.

CEO Elliott Hill’s strategy to focus product innovation and marketing around sports is beginning to show some fruit, with the running category returning to growth in the fourth quarter after several quarters of weakness.

Having lost share in the fast-growing running market, Nike has invested heavily in running shoes such as Pegasus and Vomero, while scaling back production of sneakers such as the Air Force 1.

“Running has performed especially strongly for Nike,” said Citi analyst Monique Pollard, adding that new running shoes and sportswear products are expected to offset the declines in Nike’s classic sneaker franchises at wholesale partner stores.

Marketing spending was up 15 percent year on year in the quarter.

On Thursday, Nike hosted an event in which its sponsored athlete Faith Kipyegon attempted to run a mile in under four minutes. Paced by other star athletes in the glitzy event that was livestreamed from a Paris stadium, Kipyegon fell short of the goal but set a new unofficial record.

Nike forecast first-quarter revenue to fall in the mid-single digits, slightly better than analysts’ expectations of a 7.3 percent drop, according to data compiled by LSEG. Its fourth-quarter sales fell 12 percent to $11.10bn, but still beat estimates of a 14.9 percent drop to $10.72bn.

China continued to be a pain point, with executives saying a turnaround in the country will take time as Nike contends with tougher economic conditions and competition.

Looming trade deal as prices rise
Nike’s woes come as a trade deal with China could be on the horizon. US Treasury Secretary Scott Bessett said on Friday that the administration could have a deal with Beijing by Labor Day, which is on September 1.

Under the deal, the US will likely impose 55 percent tariffs across the board on Chinese goods, down from 145 percent, still a significant burden on businesses.

o a survey from Allianz Global Trade last month, 38 percent of businesses say they will need to raise prices for consumers, with Nike being the latest.

In April, competitor Adidas said it would need to eventually raise prices for US consumers.

“Cost increases due to higher tariffs will eventually cause price increases,” CEO Bjorn Gulden said at the time.

Walmart said last month that its customers will see higher price tags in its stores as the nation’s biggest big box retailer prepares for back to school shopping season.

Target, which had a bad first quarter driven by boycotts and the looming threat of tariffs, also has been hit as the big box retailer gets 30 percent of its goods from China.

Aljazeera.com

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