China’s Deepseek is topping iPhone downloads
A Chinese company called DeepSeek has created an AI chatbot app that became very popular on iPhones. This success has made some people in America’s tech industry worried about losing their lead in AI technology.
Experts say DeepSeek’s AI is just as good as those made by American companies like OpenAI and Meta (which owns Facebook). Still, DeepSeek claims they spent much less money developing it. This news affected stock prices across Asia and the US.
Chinese companies connected to DeepSeek saw their stock prices go up, while companies that make computer chips and related equipment saw their prices fall. This happened because people are concerned that DeepSeek might reduce the need for expensive computer chips made by Nvidia, an American company. U.S. stocks also dropped as investors worried about America possibly losing its edge in AI technology.
An airport in Congo was evacuated after a rebel fight broke out
An international airport in Goma, the Democratic Republic of Congo (DRC), has been reportedly evacuated and commercial flights grounded following intense fighting between M23 rebels and government forces.
Fighting has erupted in Goma, a major city in eastern Congo. M23 rebels are advancing toward the city, forcing residents to abandon their homes as government forces fight to maintain control.
The M23 group takes its name from a March 23, 2009 agreement that ended a previous Tutsi-led uprising in eastern Congo.
M23, which Rwanda allegedly supports, launched their new rebellion in 2022. They claim the Congo government broke its promises to integrate Tutsi people into the army and government positions. This conflict has escalated sharply since the beginning of the year.
The US is pausing Colombia’s tariffs after reaching an agreement
The White House said the US will not levy threatened tariffs on Colombia after reaching a deal.
The South American country’s government “agreed to all of President Trump’s terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay,” White House Press Secretary Karoline Leavitt said in a statement late on Sunday.
Read Also: Trumpian World: What Nigeria can expect from Trump’s second presidency
Trump asked Jordan and Egypt to take in Palestinians from Gaza; they said ‘no’
Donald Trump wants Jordan and Egypt to accept Palestinians fleeing from Gaza, but both countries have pushed back against this idea. Hamas, which controls Gaza, has also rejected Trump’s suggestion.
When reporters asked Trump if he meant this as a temporary or permanent solution for Gaza – where Israel’s military campaign has killed thousands and created a humanitarian crisis – he replied on Saturday: “Could be either.”
Jordan already hosts millions of Palestinians, while Egypt has given home to tens of thousands. Both nations, along with other Arab countries, strongly oppose any plan to relocate Gaza’s Palestinians to their territories. Palestinians view Gaza as an essential part of their future state.
Marketers got cheaper petrol from imports compared to Dangote’s
Oil marketers said that imported petrol’s landing cost dropped to N922.65 per litre on Friday. This price includes shipping costs, import duties, and exchange rates.
This new price undercuts Dangote Petroleum Refinery’s gantry price by N32.35, as Dangote currently charges N955 per litre. This drop could push more marketers to resume petrol imports and might affect consumer prices.
Dangote Petroleum Refinery blamed rising crude oil costs when they increased their petrol price from N899.50 last Sunday.
The lower landing cost suggests some relief from global market pressures and supply chain issues. However, major retailers in the Federal Capital Territory continue to sell petrol between N990 and N1,010 per litre.
The Major Energies Marketers Association of Nigeria’s latest data shows that on-spot estimated import costs fell by N21 (2.2%) from Thursday’s N943.75 to Friday’s N922.65 per litre.
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