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By John Ogunsemore A former presidential aide, Reno Omokri has said President Bola Tinubu’s decision to remove fuel subsidy was not hasty or rushed as being insinuated in some quarters . Omokri, who was a social media aide to former President Goodluck Jonathan, stated this in a Facebook post on Saturday. He was reacting to a recent remark by Catholic Archbishop of Sokoto Diocese, Bishop Matthew Kukah, that Tinubu and his predecessors found themselves in power by accident and were therefore not fully prepared before assuming office. Omokri said Tinubu showed his readiness to govern by removing fuel subsidy at the outset of his administration. The ex- presidential aide insisted that Tinubu displayed great wisdom in taking action during his honeymoon period, when Nigerians historically gave new administrations the benefit of the doubt because of their euphoria that the old unpopular regime was gone. He stressed that such decisive action must be taken immediately and by surprise or it will never happen. “There was absolutely nothing like a rushed or hasty removal of fuel subsidy. “President Tinubu did the right thing. It was a masterstroke. “If you want to take such a decisive action in Nigeria, you do it immediately and by surprise, or it will never happen. If you alert people, you, as President, will have paralysis from analysis. “The day you give notice by announcing that you plan to remove it, you will start receiving calls from the owners of Nigeria. “Emirs and First Class traditional and spiritual leaders will come to your house and office to pressure you not to remove it. “Activists will rally Nigerians to take to the streets. The Nigerian Labour Congress will go on strike. The media will exaggerate its effects and paint doomsday scenarios,” he said. He added, “And the result is that you, as President, would be in a catch-22 position between the devil and the deep blue sea. “If you go ahead, you will appear insensitive. If you demurred, you look weak,” he added. Omokri maintained that Tinubu’s actions showed that, unlike Bishop Matthew Kukah claimed, he was ready to be President and had planned ahead. “That is why he hit the ground running on his first day and week by passing more policies and initiatives than any other administration before him, except Murtala Muhammad’s military government, on his first day, first week, first month and first 100 days. “In one week, Tinubu has achieved what Buhari would have taken one year to complete. This vindicates what I said during the campaigns, that any of the major Presidential candidates would have been better than Buhari. “Whether it is the immediate removal of fuel subsidy, flotation of the ,naira, the granting of Local Government autonomy, or the implementation of Student Loans to federal and state universities, all achieved with enthusiastic alacrity in his first year, one thing nobody can accuse President Tinubu of is not being prepared or decisive.”Minister Babalanda Spreads Anti-Poverty Gospel in Buyende, Urges Residents to Embrace Government’s Empowerment Programsb777-800 。

ASX to open stronger after sleepy Wall Street session

By Ricardo Brito BRASILIA (Reuters) - Brazil's top public prosecutor is not likely to issue any indictments until next year for former President Jair Bolsonaro, members of his government and military officers who allegedly planned a coup after his 2022 election defeat, four sources told Reuters. That is because General Prosecutor Paulo Gonet is planning to merge three Federal Police investigations into Bolsonaro's actions against Brazil's democratic system and produce one single global indictment against him, they said. On Thursday, Federal Police formally accused Bolsonaro and 36 others of the crimes of attempted coup d'état, violent abolition of the democratic state of law and participation in a criminal organization. The 884-page report was handed to the Supreme Court, which will send it to Gonet next week. Bolsonaro plotted to overturn his 2022 election defeat, along with dozens of ex-ministers and senior aides, including active duty military officers, in a conspiracy that included plans for assassinations, the police said. The police report capped a nearly two-year investigation into Bolsonaro's role in the election-denying movement that culminated in riots by his supporters that swept Brasilia, the capital, in January 2023, just a week after his rival, President Luiz Inacio Lula da Silva, took office. Gonet is expected to take time to carefully analyze the documents of the three investigations that propose indicting dozens of people. "Gonet is very technical. In addition to the investigation itself, there is all the legal basis for the indictments to be analyzed. This will take time," a source with knowledge of the situation said. Another source close to the prosecutor said the criminal indictments should come down "all at once" and that it would be a solid case. A fourth source at the prosecutor's office, known as the PGR in Portuguese, said he expects that to happen only in 2025. Federal police finished two separate criminal probes of Bolsonaro and his associates earlier this year formally accusing them of tampering with COVID-19 vaccination cards while in office and of embezzling jewelry gifted by the Saudi government. Brazilian court cases can take years to reach final judgment and even then they are subject to appeals and reversals. Even as his legal woes have mounted, Bolsonaro remains the central figure of a right-wing movement driving Brazilian politics for the past six years. His party is the largest in the lower house of Congress and made strides in municipal elections last month. (Reporting by Ricardo Brito, writing by Anthony Boadle, editing by Sandra Maler)( MENAFN - GlobeNewsWire - Nasdaq) Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Five9 To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Five9 between June 4, 2024 and August 8, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . [You may also click here for additional information] NEW YORK, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against Five9, Inc. (“Five9” or the“Company”) (NASDAQ: FIVN) and reminds investors of the February 3, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See . As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Five9's net new business was not "strong irrespective of the macro" and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (2) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and the Company was not "seeing very strong bookings momentum"; and (3) defendants did not have "enough information in terms of [their] existing customers that are going live" such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis. On August 8, 2024, after market hours, Five9 released its second quarter 2024 financial results and held an earnings call that same day, whereby the Company cut its annual revenue guidance due to a "challenging bookings quarter" and "uncertain economic conditions." Five9 disclosed that customer budgets had been "constrained and scrutinized" and that "Q2 new logo bookings came in softer than expected[.]" The Company also reported that sales execution "wasn't up to snuff" and announced remedial action to address sales execution and efficiency issues. As a result, Five9 announced that it was "no longer assuming" a dollar-based retention rate inflection in the second half of the year. On this news, Five9's stock price fell $11.25 per share, or 26.49%, to close at $31.22 per share on August 9, 2024. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Five9's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Five9, Inc. class action, go to /FIVN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) . Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at MENAFN26122024004107003653ID1109033770 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

In India, when young students are asked about their career goals, many aim to become doctors, engineers, chartered accountants, or aspire to join the IAS or IPS. Every year, thousands of students prepare for the IIT-Joint Entrance Examination (JEE) in hopes of studying at the prestigious Indian Institutes of Technology (IITs). The allure of these institutions lies in the belief that IIT graduates are set for successful careers, often with high-paying job offers from top companies that visit the campuses for recruitment. However, in recent years, the job placement trends at these institutions have started to show worrying signs. According to placement reports, around 38% of students from IITs and NITs did not secure any job offers during campus placement drives this year. For example, out of 24,230 students, approximately 8,000 failed to land jobs. Since 2022, many IIT graduates are still without jobs, with around 321 in 2022 and 172 in 2023 still jobless. Additionally, the average salary offered to final-year students in pre-placement offers has dropped from Rs 25 lakh per annum to Rs 16 lakh per annum, with the lowest offer being Rs 4.20 lakh per annum. Several factors have contributed to this shift. One major influence is the global geopolitical and economic situation. Ongoing conflicts around the world, such as those involving Russia, Ukraine, Israel, and the Middle East, have disrupted international trade and business. As a result, many companies have reduced hiring or offered lower salaries due to financial pressures. Industries like IT, travel, and tourism have been particularly affected, leading to fewer job opportunities for fresh graduates. Another challenge is the rise of automation and artificial intelligence (AI). With AI technologies increasingly handling tasks that were once performed by engineers, companies are reducing their dependence on human resources. Bill Gates has even predicted that IT companies will soon hire fewer engineers, as AI will take over roles like software development and testing. Companies like SpaceX and Tesla are already using robots in manufacturing, minimizing their need for human workers. This shift in technology has had a direct impact on the job market for engineering graduates, especially in IT and manufacturing sectors. The outdated curriculum in many colleges also contributes to the rising unemployment among graduates. Many institutes have not updated their courses to keep pace with technological advancements, leaving students ill-prepared for the changing demands of the job market. To stay competitive, students need to focus on acquiring new skills, especially in fields like AI, machine learning, and automation. So, what can students do to secure better job opportunities? The focus should be on upskilling and adapting to new technologies. Institutes must update their curriculum to include these new fields, and students should take initiative to learn about emerging technologies. Additionally, aspiring engineers should consider exploring entrepreneurship and start-up opportunities, as this can offer a path to success even in challenging times. The government also plays a crucial role by providing support to young entrepreneurs through funding and training programs. In conclusion, while global challenges like political conflicts and technological disruptions are beyond students’ control, there are ways to adapt and thrive. A supportive educational environment, updated curricula, and an entrepreneurial mindset can help students overcome these challenges and remain competitive on the global stage.Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/st