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Alibaba Surges as Wall Street Drop Leaves Global Markets Mixed

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Global markets were mixed Friday after Wall Street ended the previous session with a decline, while Chinese e-commerce giant Alibaba saw its shares jump sharply on strong earnings.....KINDLY READ THE FULL STORY HERE▶

In Asia, major indexes moved in different directions. Hong Kong’s Hang Seng index rose 2.4% as Alibaba stock soared more than 6% following quarterly results that beat analyst expectations. The company reported stronger revenue in its cloud and retail divisions, boosting investor confidence.

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Japan’s Nikkei 225, however, slipped 0.8% as technology and export-oriented stocks came under pressure from a stronger yen. South Korea’s Kospi edged lower by 0.5%, weighed down by losses in chipmakers.

In Europe, trading opened cautiously. London’s FTSE 100 was nearly flat, while Germany’s DAX posted a modest 0.3% gain. France’s CAC 40 was little changed. Investors were watching for signals from central banks and fresh economic data, including inflation reports expected later in the week.

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The mixed performance followed a weak session on Wall Street, where the S&P 500 dropped 0.7% on Thursday, the Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite fell 0.8%. The pullback came after several days of gains driven by optimism over potential Federal Reserve interest rate cuts.

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Investors in the United States grew cautious as bond yields rose and uncertainty increased over when the Fed might move to ease borrowing costs. Analysts say markets are still sensitive to inflation trends, which could influence the central bank’s timing.

“After a strong rally, markets are pausing to reassess,” said Hao Wu, a market strategist at an investment firm in Singapore. “Alibaba’s performance shows some bright spots, but the overall global picture remains cloudy.”

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Alibaba’s gains gave a boost to Chinese equities, which have been under pressure this year due to weak consumer spending and concerns about slowing growth. The company’s earnings showed resilience in key business lines, giving some investors reason to hope that China’s tech sector could stabilize.

Still, broader market sentiment remained cautious. Concerns linger over global growth, high interest rates in the United States, and geopolitical tensions in several regions.

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Oil prices slipped slightly in early trading, with benchmark U.S. crude at $78.60 per barrel and Brent crude at $82.10. Energy traders said worries about demand were outweighing supply concerns.

Currency markets also reflected investor caution. The U.S. dollar weakened against the Japanese yen, trading near 147.8, while the euro held steady around $1.07.

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Analysts say the coming days will be key for direction. U.S. inflation data is due next week, and central bank meetings in Europe and Asia could also shape expectations.

“Investors are looking for clarity,” said Sarah Lin, chief economist at a London research group. “Right now, there is no single story driving markets. It’s a push and pull between earnings optimism, rate expectations, and growth concerns.”

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For now, markets remain divided. Alibaba’s strong earnings provided a lift in Asia, but Wall Street’s decline and global economic worries kept gains in check.

The focus will now shift to whether upcoming data confirms a cooling of inflation in the U.S. and Europe. A clearer picture could set the tone for the final quarter of the year.

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Trump Claims Maduro Copies His Dance Moves Amid Venezuela Raid.

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United States President Donald Trump has accused Venezuelan President Nicolas Maduro of imitating his dance moves while also condemning him for violent actions, including alleged torture and killings.....KINDLY READ THE FULL STORY HERE▶

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According to Nivo News, Trump made the remarks during a speech to Republican lawmakers at the Kennedy Center in Washington on Tuesday, delivered in the wake of the U.S. military operation that captured Maduro and his wife. The president described Maduro as a violent figure responsible for the deaths of many people and referenced an alleged torture site in Caracas, though he did not provide specific details.

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Trump noted that Maduro’s public dancing had drawn the attention of U.S. officials and suggested it was among the factors influencing the decision to act against him. In a lighthearted comparison, Trump claimed that Maduro often attempted to imitate his own dance moves. During his address, Trump even performed a brief dance demonstration and highlighted that his wife disapproves of his dancing, contrasting it with the conduct of previous U.S. presidents.

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While the capture of Maduro remained a key topic, Trump’s speech also focused heavily on the upcoming 2026 midterm elections. He warned Republican lawmakers of potential political consequences if the party failed to secure victories and referenced pardons he had issued to participants in the January 6 Capitol events.

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Trump also encouraged lawmakers to prioritize pressing domestic issues, such as healthcare and the rising cost of living, noting that public concerns over affordability of basic goods must be addressed to maintain voter confidence.

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“If I Was Irrelevant, Why Visit My House?” — Orji Kalu Fires Back At Otti.

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The Senator representing Abia North, Orji Uzor Kalu, has challenged claims of his political irrelevance, asserting that Abia State Governor, Alex Otti, would not have emerged victorious in the last governorship election without his intervention.....KINDLY READ THE FULL STORY HERE▶

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According to Nivo News, Kalu made the assertion in a statement issued on Tuesday by his media office and signed by George Maduka. The statement alleged that Governor Otti personally visited Kalu’s residence in Igbere late on the night before the election to seek his support.

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The senator further claimed that key figures involved in the Labour Party’s 2023 campaign in Abia State, including the party’s state coordinator, Umeh Kalu, were part of discussions with him concerning the governorship contest. He argued that such engagements contradict claims that he lacked political influence in the state.

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Questioning the narrative of irrelevance, the statement asked why his residence would have been visited on the eve of the election if his political standing was insignificant. Kalu maintained that the ruling party does not rely on Governor Otti to secure electoral victories in Abia, insisting that the All Progressives Congress remains cohesive and formidable in the state.

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The senator reaffirmed his commitment to ensuring the APC’s success in Abia during the 2027 general elections. His remarks followed Governor Otti’s endorsement of the Labour Party’s candidate for Abia North, a move aimed at unseating Kalu in the next election cycle. The governor had earlier declared that the Labour Party would defeat the senator in 2027.

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“Unacceptable And Illegal” — United Nations Condemns U.S. Action In Venezuela.

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The United Nations has strongly criticised the United States over its recent military invasion of Venezuela and the arrest of the country’s president, Nicolas Maduro, describing the justification offered by Washington as unacceptable and contrary to international law.....KINDLY READ THE FULL STORY HERE▶

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According to Nivo News, the UN’s position was conveyed on Tuesday in Geneva by the spokesperson for the UN Human Rights Office, Ravina Shamdasanie, who warned that the use of force against the territorial integrity or political independence of another country violates fundamental principles of international law. She called on the global community to collectively condemn the action taken by the administration of U.S. President Donald Trump.

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Shamdasanie stated that the invasion undermines the international legal framework established to preserve global peace and security. She stressed that no state has the right to threaten or use force against another sovereign nation, noting that such actions weaken the foundations of international order.

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The UN official acknowledged that the organisation has long documented the deterioration of human rights conditions in Venezuela, but insisted that meaningful change cannot be achieved through unilateral military intervention. She warned that using human rights concerns as justification for armed action is unacceptable and risks worsening an already fragile situation.

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According to her, the invasion has prompted Venezuelan authorities to declare a state of emergency, enabling measures such as property seizures, restrictions on movement, and suspension of the right to protest. She cautioned that far from advancing human rights, the military intervention damages the architecture of global security and makes all countries less safe.

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Meanwhile, the deposed Venezuelan leader, Nicolas Maduro, has pleaded not guilty to charges brought against him at a New York court, including allegations related to narcotics and weapons trafficking. Maduro maintained his innocence, stating that he was forcibly taken from his residence in Caracas during the U.S. military operation.

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The 63-year-old insisted that he remains the legitimate president of Venezuela, describing the operation as a kidnapping and reiterating that he bears no guilt for the charges read against him in court.

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