Author: Amnewsworld

Lt. Gen. Tadesse Werede has been sworn in as the interim president of Ethiopia’s Tigray region, replacing embattled former leader Getachew Reda amid deepening political rifts and growing fears of renewed conflict. The appointment was announced Tuesday during a formal ceremony attended by senior government officials and the newly elected African Union Chairperson, Mahmoud Ali Youssouf. Tadesse, who previously served as deputy president of the Tigray interim administration and head of the cabinet secretariat for peace and security, now assumes leadership at a critical juncture in the region’s fragile peace process. According to a mandate he signed upon taking office,…

Wall Street Sinks as Economic Anxiety Grows Worldwide Wall Street is tumbling once again, mirroring sharp losses across global markets, as intensifying fears mount that U.S. President Donald Trump’s ongoing trade war could tip the world into a recession. The economic tremors are being felt around the globe, with major markets in the U.S., Europe, and Asia plunging into red territory. Analysts warn that if the trend continues, a full-blown bear market may not be far off. In early trading Monday, the S&P 500 dropped 3.8%, following its worst week since the COVID-19 crash of March 2020. The Dow Jones…

Jay North, the beloved actor who brought the mischievous and lovable character Dennis Mitchell to life in the iconic 1950s sitcom “Dennis the Menace,” has died at the age of 73. North passed away peacefully on Sunday at his home in Lake Butler, Florida, after a battle with colon cancer, according to his longtime friend Laurie Jacobson and booking agent Bonnie Vent. “He had a heart as big as a mountain and loved his friends deeply,” Jacobson wrote in an emotional tribute shared on Facebook. “He called us frequently and ended every conversation with, ‘I love you with all my…

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has raised a red flag over the deepening humanitarian crisis in the eastern Democratic Republic of the Congo (DRC), where persistent violence and a deadly cholera outbreak are wreaking havoc on civilian populations. According to OCHA, ongoing clashes between local armed groups and M23 rebels in North and South Kivu continue to claim lives, injure civilians, and displace thousands. Fresh fighting was reported Thursday in the town of Masisi Centre, North Kivu — one of the epicenters of the long-running conflict. Meanwhile, the southern province of Tanganyika is confronting…

The livelihoods of thousands in Lesotho hang in the balance following a new 50% tariff imposed by U.S. President Donald Trump on imports from the southern African nation — a move that could cripple Lesotho’s vital textile industry. The landlocked country, known for producing denim for major American brands such as Levi’s and Wrangler, relies heavily on textile exports to the U.S., with approximately 75% of its products destined for American consumers. The industry supports around 12,000 jobs, most of them filled by women. Trump justified the tariff by accusing Lesotho of imposing a 99% duty on American goods —…

The South African presidency has voiced strong concern over U.S. President Donald Trump’s recent tariff hikes, warning they pose a threat to trade stability and long-term economic cooperation between the two countries. In an official statement, the presidency reaffirmed South Africa’s commitment to a “mutually beneficial trade relationship” with the United States but criticized the unilateral and punitive nature of the tariffs. “While we remain committed to a mutually beneficial trade relationship with the United States, unilaterally imposed and punitive tariffs are a concern and serve as a barrier to trade and shared prosperity,” the statement read. The U.S. recently…

U.S. companies lost trillions of dollars in market value on Thursday after President Donald Trump imposed sweeping tariffs on foreign imports, triggering the biggest one-day drop in financial markets since the COVID-19 crash five years ago. Virtually every sector took a heavy hit, with banks, retailers, airlines, and tech companies suffering the steepest losses. Economists warned that higher prices on goods and services could push consumers to cut spending, potentially leading to an economic slowdown. “This is a game changer, not only for the U.S. economy but for the global economy,” said Olu Sonola, head of U.S. Economic Research at…

Nintendo has officially unveiled the Switch 2, an upgraded version of its popular gaming console that promises a more immersive and social experience. The new device, which blends handheld and TV-console gaming, is set to launch on June 5 at a price of $449.99—$150 more than its predecessor. At a media-exclusive event, reporters, including those from The Associated Press, got a first look at the console. Nintendo of America’s President Doug Bowser described the launch as the company’s entry into a “new era” of gaming, where online interaction and game-sharing take center stage. New Features: A Leap into the Social…

Financial markets worldwide are experiencing a sharp downturn following President Donald Trump’s latest and most severe round of tariffs, announced late Wednesday. The U.S. stock market has been hit the hardest, with the S&P 500 plunging 3.7%, its worst performance since the COVID-19 crisis in 2020. As of midday trading, the Dow Jones Industrial Average had lost 1,228 points (-2.9%), while the Nasdaq composite saw a staggering 4.8% drop. The Russell 2000 index, which tracks smaller U.S. companies, suffered a 5.5% decline, officially entering bear market territory after dropping more than 20% from its record high. A Global Shockwave Trump’s…

In a significant realignment of West Africa’s diplomatic and security landscape, the foreign ministers of Mali, Burkina Faso, and Niger are set to visit Moscow on April 3-4 to strengthen strategic ties with Russia. This visit marks the first AES-Russia consultations since the formation of the Confederation of Sahel States (AES) in 2024, signaling a major shift away from traditional alliances with France and ECOWAS. The three West African nations, all under military-led governments following coups between 2020 and 2023, are turning to Moscow for political and military backing as they battle ongoing insurgencies. A Shift in Alliances The decision…