International News
Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump
Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.
Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.
“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.
“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.
Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.
“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.
European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.
In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.
Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.
The greenback was also higher versus the euro but fell against the yen.
Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.
Germany returned to weak growth in 2025 after two years of recession.
– Key figures at around 1445 GMT –
New York – Dow: DOWN 0.3 percent at 49,366.16 points
New York – S&P 500: DOWN 0.2 percent at 6,820.63
New York – Nasdaq: DOWN 1.0 percent at 22,486.46.
London – FTSE 100: UP 0.4 percent at 10,517.01
Paris – CAC 40: UP 0.3 percent at 8,343.55
Frankfurt – DAX: UP 0.4 percent at 24,897.35
Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)
Hong Kong – Hang Seng Index: closed for holiday
Shanghai – Composite: closed for holiday
Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday
Pound/dollar: DOWN at $1.3526 from $1.3630
Dollar/yen: DOWN at 153.40 yen from 153.48 yen
Euro/pound: UP at 87.40 pence from 86.98 pence
West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel
Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.
AFP
International News
Big Stars Who Wont Be At 2026 World Cup
The World Cup 2026 playoffs have delivered their final verdict, and while many nations celebrate qualification, others face bitter disappointment. Among the biggest shocks is Italy’s elimination against Bosnia and Herzegovina (1-1, 4-1 on penalties), marking a third consecutive absence from the tournament.
“It’s a devastating blow,” many observers noted, as captain Gianluigi Donnarumma will miss yet another World Cup at 27. The list of absent goalkeepers also includes Jan Oblak, André Onana, and Giorgi Mamardashvili, all denied a place on football’s biggest stage.


Federico Dimarco (Italy)
Several global stars will also be watching from home. Robert Lewandowski headlines the list after Poland’s elimination against Sweden. “Football can be cruel… it hurts because we were so close,” he admitted after the match. Alongside him, names like Victor Osimhen, Dusan Vlahovic, Pierre-Emerick Aubameyang, and Serhou Guirassy will miss out, as will creative forces such as Khvicha Kvaratskhelia and Dominik Szoboszlai. Even promising talents like Rasmus Højlund and Benjamin Sesko failed to secure qualification, highlighting the fierce competition across continents.
Robert Lewandowski (Poland)
Injuries have also played their part in shaping this list of absentees. Rodrygo is expected to miss out despite being in contention, while Neymar Jr. still hopes for a late call-up after a long absence from the national team. Jack Grealish, sidelined with a stress fracture, also faces a race against time. As the tournament approaches, the absence of these major names serves as a reminder of how unforgiving international football can be, even for the game’s biggest stars.

Dominik Szoboszlai (Hungary)
International News
Indian Police Arrest Nigerian Over ₦290m Drug Haul
A Nigerian national has been arrested in Bengaluru, India, for allegedly running a major drug distribution network, with authorities recovering MDMA crystals (ecstasy)worth about Rs 2 crore (over N290 million).
The arrest forms part of a wider crackdown on narcotics operations targeting both students and the general public in the city.
According to the Indian Express on Tuesday, the suspect, Samuel Ikkena, 44, was apprehended by the Yelahanka police in Bengaluru, Karnataka State, for allegedly running an MDMA racket disguised as a clothing business.
MDMA, also known as ecstasy, is a psychoactive drug often sold illegally for recreational use.
Ikkena reportedly “procured MDMA near Bannerghatta for Rs 50,000 (around N3.5 million) and sold it at higher rates through a structured illegal network.”
He arrived in India in 2012 on a business visa, initially trading garments in Delhi and Mumbai before moving to Bengaluru in 2025.
Police said investigators recovered 2 kg of MDMA crystals, valued at around Rs 2 crore (N140 million), along with 31.396 kg of cannabis (ganja), 220 g of hydro ganja, additional heroin, and a two-wheeler used for transporting the drugs.
Police Commissioner Seemant Kumar Singh described the total contraband as “estimated at Rs 2.57 crore (N180 million), with a potential street value of approximately Rs 5.14 crore (N360 million).”
Ikenna’s arrest was part of a larger operation that led to 11 arrests, including two foreigners and eight locals, at locations across Bengaluru, including Yelahanka, Adugodi, Bharathinagar, Jalahalli, and Pulakeshinagar. The Adugodi police also arrested Baljit Singh, from Uttar Pradesh, and Arjun Joshi, a Nepalese national, for allegedly supplying heroin in the city.
Police said Joshi, who initially consumed drugs, began selling heroin after sourcing it from Baljit Singh. Authorities recovered 162 g of heroin worth Rs 55 lakh (N3.85 million) and three mobile phones from the duo.
Police said the accused procured drugs from both foreign and interstate suppliers and sold them at inflated prices. Investigators have registered cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act and are working to trace the main kingpins behind the network.
International News
Protest Breaks Out in South Africa Over Controversial Coronation of ‘Nigerian King’
Tempers flared in parts of South Africa following a protest against the controversial coronation of a self-proclaimed Nigerian king, one Solomon Ezika.
The demonstration, led by community groups and traditional leaders in East London, turned violent after initially starting peacefully.
More than 10 vehicles were reportedly set ablaze amid unverified claims that a protester had been stabbed.
Police intervened to disperse the crowd, firing rubber bullets.
Authorities, however, say the alleged stabbing has not been confirmed, adding that no official injuries have been recorded.
Meanwhile, Nigeria’s acting High Commissioner in South Africa has distanced the diplomatic mission from Ezika, describing the coronation as an isolated incident fuelled by misinformation and lacking legitimate authority.
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