US Business

Hustling in Lagos to 'survive in hell'

It’s midnight. Luxury cars arrive outside Cocoon, a nightclub in Lagos, Nigeria’s largest and most vibrant city. In minutes, dozens of people surround the vehicles, hoping to make a buck.

In the wealthy Ikoyi neighbourhood, the flow of people chasing money never stops. All survive on informal jobs they find daily on the streets.

For a handful of dollars, they help people park in front of expensive restaurants, bars and clubs, and help manage traffic during the day. 

In the megacity of some 20 million people, for the poorest a good day is when you have enough to eat. A bad day is when you don’t — and those days are increasingly frequent as high fuel and food costs bite into earnings.

“In Nigeria, it’s simple. Either you hustle or you die. So even 100 naira (25 cents), we take it,” says Musa Omar, standing opposite the Cocoon nightclub.

Africa’s most populous country has some 80 million people living below the national poverty line, earning less than 1.90 dollars a day. 

And in rural Nigeria, millions live in areas where insecurity is rife, making living conditions even harsher. 

Many are now being pushed to a tipping point, after cost of living and food prices increased following the coronavirus pandemic and then again after Russia declared war in Ukraine.

Nigeria’s official year-on-year inflation is now 18 percent, with food inflation at 20 percent — a five-year high.

In Lagos, hustlers — people living and working by the day — can be seen at every corner. 

They embody one of the city’s mottos often seen painted in colourful letters on trucks: “No food for lazy man.” 

The street is like a river, and they hope desperately to catch a passing fish.

“I’m willing to work anywhere, to do anything, to make a decent living,” said Omar, 36.

“Before, it was not like this… prices have gone up, everything is expensive and everybody is suffering.”

– God, only ‘hope’ – 

Every day, thousands of people, mostly young, trickle into the cities and in particular Lagos, hoping to capture a small fraction of the immense wealth concentrated in the hands of a select few. 

It’s the case of Kasheem Sadiq who left Kaduna, in the north, after the death of his baby son, Yusuf, who “got sick”.

“I had to find 9,000 naira (about $20) to pay the treatment but I couldn’t because price of food is up. And there is no job anywhere,” said the 44-year-old, standing under the only functioning light of a dark street of Lagos.

Now working in Lagos, he says he earns about 2,500 naira ($6) a day — almost three times more than what half of the population earns — but, “every night, I’m crying, away from my family,” he said.

It’s now 2.20 am outside the Cocoon nightclub. Someone in a Porsche is trying to park while a group of hustlers guide the driver so that he doesn’t crash the luxury car in a ditch full of trash. 

“The rich are getting so rich and nobody cares about the poor,” says Abdul Musa, 35, who seems to be the hustlers’ informal chief. “Only God can help us.”

– Drugs, prostitution –

From Benue, in the east, Musa has been working the streets of Ikoyi for the past five years. He says he sleeps in a stable at night with donkeys.

“I don’t want to have children,” he says. In this country, “we are surviving in hell.”

Five a.m. Clubbers are streaming out, heading back to their cars.

It’s late, or early, but someone shouting the following three syllables is enough to arouse the crowd: “Bu-ha-ri”, in reference to President Muhammadu Buhari.

The 79-year-old former army general is stepping down next year after his two terms in office allowed by the constitution. 

For many including for those waiting outside Cocoon, the government is “corrupt” and “does nothing for the people”.

Anita Obasi, the only woman in the group of hustlers, is looking at the stream of cars driving away, smoking a joint.

In Nigeria, drugs are widely consumed among the street hustlers as a way to escape reality.

Wearing a black cap, the 24-year-old smiles. She says smoking “eases the pain away”. 

For the past two years, she has been working as a prostitute, charging the equivalent of $9 a client or $11 when she travels to them.

After two decades of growth, Nigeria entered a recession in 2016, after a fall in oil prices. The economy was just starting to recover in 2020 when the pandemic hit. And the war in Ukraine has made everything much worse. 

Obasi lives in constant anguish: will she be able to feed her daughter at the end of the day?

“I try thinking about the bright side of things, but everything around me is going down.”

Bob Dylan accuser drops sex abuse lawsuit

A woman who sued Bob Dylan for allegedly sexually abusing her when she was 12 has dropped her case, just after the folk-rock artist’s legal team accused her of destroying evidence.

In August of last year the plaintiff, who remains unnamed and was identified only as J.C., had filed a suit alleging that Dylan abused her over a six-week period between April and May of 1965.

It alleged Dylan “exploited his status as a musician” to provide “alcohol and drugs and sexually abuse her multiple times” at the famed Chelsea hotel in Manhattan.

The suit also accused Dylan, who turned 81 in May, of physically threatening the girl.

At the time a spokesperson for Dylan, who was born Robert Zimmerman, had dubbed the accusation “untrue.” 

In a letter Dylan’s legal team filed with the federal court on Wednesday, they accused the plaintiff of deleting important text messages, and suggested that “monetary sanctions” were necessary.

On Thursday Dylan’s lawyers said the plaintiff had dropped the case. Lawyers for the plaintiff did not immediately respond to an AFP request for comment.

“This case is over,” said Dylan’s lead counsel, Orin Snyder, in a statement given to AFP. “It is outrageous that it was ever brought in the first place. We are pleased that the plaintiff has dropped this lawyer-driven sham and that the case has been dismissed with prejudice.”

The plaintiff’s lawsuit was filed last summer, a day before the window for filing claims under New York State’s Child Victims Act closed.

The act allowed victims of abuse to sue their alleged attackers irrespective of the age of the claims or whether the statute of limitations had passed.

Instagram sidelines TikTok-like features following complaints

Instagram will pause features that users have campaigned against and complained make the social network too much like TikTok, according to a report in the Platformer tech newsletter Thursday.

Celebrity sisters Kim Kardashian and Kylie Jenner were some of the most vocal users to have posted messages on social media this week calling for the company to “make Instagram Instagram again” and stop trying to be like TikTok.

The slogan sprang from a change.org petition that had received more than 229,000 signatures as of late Thursday.

“Lets go back to our roots with Instagram and remember that the intention behind Instagram was to share photos, for Pete’s sake,” the petition read.

Instagram chief Adam Mosseri had responded to the controversy earlier this week with a video on Twitter in which he said the features were a work in progress, and being tested with a small number of users.

Changes included playing up short-form video, displaying it full-screen the way TikTok does, and recommending posts from strangers.

“I’m glad we took a risk,” Mosseri was quoted as saying Thursday in an interview with Platformer’s Casey Newton.

“But we definitely need to take a big step back and regroup.”

“If we’re not failing every once in a while, we’re not thinking big enough or bold enough,” Mosseri said.

Mosseri argued that the shift to more video would happen even if the service changed nothing, as users increasingly share and seek video snippets.

“If you look at what people share on Instagram, that is shifting more and more to video over time,” Mosseri said.

“We are going to have to lean into that shift.”

Meta chief Mark Zuckerberg backed that position during an earnings call Wednesday, saying people are increasingly watching video online.

Both Meta and Google are among companies facing increased competition from TikTok for people’s attention, and have launched their own versions of short-form video sharing.

Instagram sidelines TikTok-like features following complaints

Instagram will pause features that users have campaigned against and complained make the social network too much like TikTok, according to a report in the Platformer tech newsletter Thursday.

Celebrity sisters Kim Kardashian and Kylie Jenner were some of the most vocal users to have posted messages on social media this week calling for the company to “make Instagram Instagram again” and stop trying to be like TikTok.

The slogan sprang from a change.org petition that had received more than 229,000 signatures as of late Thursday.

“Lets go back to our roots with Instagram and remember that the intention behind Instagram was to share photos, for Pete’s sake,” the petition read.

Instagram chief Adam Mosseri had responded to the controversy earlier this week with a video on Twitter in which he said the features were a work in progress, and being tested with a small number of users.

Changes included playing up short-form video, displaying it full-screen the way TikTok does, and recommending posts from strangers.

“I’m glad we took a risk,” Mosseri was quoted as saying Thursday in an interview with Platformer’s Casey Newton.

“But we definitely need to take a big step back and regroup.”

“If we’re not failing every once in a while, we’re not thinking big enough or bold enough,” Mosseri said.

Mosseri argued that the shift to more video would happen even if the service changed nothing, as users increasingly share and seek video snippets.

“If you look at what people share on Instagram, that is shifting more and more to video over time,” Mosseri said.

“We are going to have to lean into that shift.”

Meta chief Mark Zuckerberg backed that position during an earnings call Wednesday, saying people are increasingly watching video online.

Both Meta and Google are among companies facing increased competition from TikTok for people’s attention, and have launched their own versions of short-form video sharing.

Alabama executes man despite objections of victim's family

A man convicted of murdering his ex-girlfriend was executed in the southern US state of Alabama on Thursday despite objections from the victim’s family.

Joe Nathan James, 49, was sentenced to death in 1996 for the 1994 murder of 26-year-old Faith Hall.

James’s time of death was 9:27 pm (0127 GMT Friday) according to the Alabama Attorney General’s office. He had been scheduled to be executed via lethal injection.

James had petitioned the US Supreme Court to stay his execution “pursuant to the wishes of the surviving members of the family of the victim.”

“The victims and their families are paramount in our justice system, and deserve to be heard on the matter of the ultimate punishment of offenders,” James’s lawyer said in an appeal to the Supreme Court.

Hall’s daughters, who were six and three years old when their mother was murdered, had said they wanted James’s life to be spared.

“I don’t want it to go forward. We’re not God,” Terryln Hall told CBS 42.

“An eye for an eye has never been a good outlook for life,” added her sister, Toni Hall.

James was convicted of shooting Faith Hall to death after she broke off their short relationship.

In a statement, Alabama Attorney General Steve Marshall said “justice has been served.”

“Joe James was put to death for the heinous act he committed nearly three decades ago: the cold-blooded murder of an innocent young mother, Faith Hall,” he said.

James was the eighth person executed in the United States this year.

Asian markets rise as US data boosts hopes of slower Fed hikes

Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes.

After an extended period of pessimism on trading floors fuelled by soaring inflation and the central bank’s monetary tightening campaign, investors are beginning to speculate that the market may have reached its nadir.

The world’s top economy shrank 0.9 percent in April-June following a 1.6 percent retreat in the first quarter as it was buffeted by the four-decade spike in inflation and rising borrowing costs.

But the reading was taken as a sign of good news, as it could give the Fed room to take its foot off the pedal, with Treasury yields — considered a barometer of future interest rates — easing.

Officials are expected to continue lifting rates, but analysts estimate they will announce a 50-basis-point rise in September, compared with 75 at the past two meetings.

And analysts said the quick, sharp pace of increases would allow the bank to begin cutting sooner in 2023 while others said any recession would likely only be shallow and short.

The news saw all three main indexes on Wall Street rally more than one percent, with tech firms — which are susceptible to higher rates — leading the way.

The gains extended a rally Wednesday that came after Fed chief Jerome Powell hinted that the bank could start to take it easier in its tightening.

Most of Asia followed suit, with Tokyo, Sydney, Seoul, Singapore, Taipei, Jakarta and Wellington all up. However, Hong Kong dropped and Shanghai struggled.

The prospect of US rates not rising as fast as previously expected hit the dollar, which has soared in recent months against most other currencies. 

The greenback dropped below 135 yen Thursday for the first time since July 6, having hit a 24-year high of 139.39 yen just two weeks ago.

A second successive contraction is widely considered a technical recession, though it is not officially considered so in the United States until identified as such by the National Bureau of Economic Research.

But while debate rages over that issue, the general consensus is that the economy is struggling.

“The more important point is that the economy has quickly lost steam in the face of four-decade high inflation, rapidly rising borrowing costs, and a general tightening in financial conditions,” Sal Guatieri, of BMO Capital Markets, wrote.

The retreat in the US economy comes as China also struggles, hit by painful Covid-induced lockdowns in major cities including Shanghai and Beijing that hammered all sectors and supply chains.

On Thursday, the country’s leadership offered a dour assessment of the world’s number two economy but offered no plans to stimulate growth, leaving traders disappointed.

– Key figures at around 0230 GMT –

Tokyo – Nikkei 225: UP 0.5 percent at 27,944.55 (break)

Hong Kong – Hang Seng Index: DOWN 1.4 percent at 20,343.08

Shanghai – Composite: DOWN 0.4 percent at 3,269.18

Dollar/yen: UP at 134.36 yen from 134.25 yen Thursday

Euro/dollar: DOWN at $1.0193 from $1.0197 

Pound/dollar: DOWN at $1.2167 from $1.2177 

Euro/pound: UP at 83.77 pence from 83.70 pence

West Texas Intermediate: DOWN 0.8 percent at $97.16 per barrel

Brent North Sea crude: UP 0.3 percent at $107.50 per barrel

New York – Dow: UP 1.0 percent at 32,529.63 (close)

London – FTSE 100: FLAT at 7,345.25 (close) 

When Russia leaves, what's next for the International Space Station?

Russia’s announcement this week that it will leave the International Space Station “after 2024” raises critical questions about the outpost’s future viability. 

Here’s what you should know about Moscow’s decision, and the potential effect on one of the last remaining examples of US-Russia cooperation.

– Why does Russia want to leave? – 

Russia’s invasion of Ukraine has pitted it against the West, eviscerating its relationship with the United States and leading to broad sanctions, including against its space industry.

Back in March, Dmitry Rogozin, then-chief of Russian space agency Roscosmos, warned that without his nation’s cooperation, the ISS could plummet to Earth on US or European territory.

But Rogozin’s penchant for bombast, combined with a lack of a firm plan, left things uncertain — and just two weeks ago, Russia and the United States vowed to continue flying each other’s cosmonauts and astronauts to the station.

Scott Pace, director of the Space Policy Institute at George Washington University, said that if anything, the new announcement by Rogozin’s successor Yury Borisov was “mildly helpful.”

“The fact they said, ‘We’re going to be committed through 2024’ is good,” Pace, a former high-ranking government official, told AFP. 

It means Moscow isn’t planning to pull out sooner, even though what precisely is meant by “after 2024” isn’t yet clear.

The year 2024 is what the partners had previously agreed to, though NASA’s goal is to keep the ISS in orbit until at least 2030 and then transition to smaller commercial stations.

The next step in the process is to notify a body called the multilateral control board, comprising all the ISS partners — the United States, Russia, Europe, Japan and Canada — at which point details of the transition will be defined.

If Russia does follow through, it could end up grounding its once proud space program for some time. The country doesn’t have a commercial space economy, and Russian analysts don’t see the country building a new station anytime soon.

– Can the station fly without Russia? –

Probably — but it would be challenging.

The ISS was launched in 1998 at a time of hope for US-Russia cooperation following their Space Race competition during the Cold War.

Since the Space Shuttle was retired, the ISS has relied on Russian propulsion systems for periodic boosts to maintain its orbit, some 250 miles (400 kilometers) above sea level. The US segment is responsible for electricity and life support systems.

The United States has recently taken strides in gaining an independent propulsion system through Northrop Grumman’s Cygnus spacecraft, which successfully carried out a re-boost test in late June.

But altitude is only a part of the equation: the other is “attitude,” or orientation. 

Cygnus “can push, but it can’t keep the station pointed in the right direction while it pushes,” explained astronomer and space watcher Jonathan McDowell.

The ISS itself can make small attitude adjustments, but if the Russians pulled out, the United States would need a more permanent solution — perhaps involving the SpaceX Dragon, Northrop Grumman’s Cygnus or Orion, said Pace.

Russia has two propulsion systems: progress spaceships that dock to the station and the Zvezda service module. All of the control systems are handled out of Moscow.

It would be helpful if Russia left their segment in place rather than took it with them when they go — one of the station’s two bathrooms are on the Russian side — observed Pace, but that’s another unknown. 

“If it’s still there, and we wanted to use it, would there be some sort of rental arrangement? I don’t know.” 

– What do experts predict? –

NASA itself has adopted a bullish position.

“We’re running and gunning, we’re gonna go to 2030 full up,” Joel Montalbano, NASA ISS program manager, said Tuesday on the morning of the Russian announcement. 

“Anybody thinks that there’s a different plan, you’re wrong.”

But while Russia’s withdrawal could present a new opportunity for the private sector, McDowell isn’t so certain.

For him, “how hard they really want to work to get an extra few years out of ISS” is an open question.

“It’s maybe not the right move for the US to go to extreme lengths to save (the) Station,” he said, especially since NASA has bigger goals of building a lunar space station called Gateway, establishing a Moon presence and going to Mars.

“Maybe they should take the Russian pull-out as an excuse, and go, ‘Okay, bye.’ And now let’s put our money in Gateway.”

US couple arrested decades after assuming false identities

A couple living in the United States for decades under false names stolen from dead babies have been charged with identity theft and conspiring against the government, in a case tinged with suspicion of espionage.

Walter Primrose and his wife Gwynn Morrison, both born in 1955, were arrested Friday in Hawaii. According to documents, a search of the pair’s home turned up an old photo of the couple dressed in KGB uniforms.

A federal judge ruled Thursday that the husband was a flight risk and ordered his continued detention. The wife will appear before the judge next week.

According to the indictment, the pair studied together in Texas in the 1970s, and married there in 1980. For unknown reasons, in 1987, they assumed the identities of Bobby Fort and Julie Montague, babies who had died years earlier and are buried in nearby cemeteries.

The couple then remarried in 1988 under the assumed identities. In 1994, so-called Bobby Fort entered the Coast Guard, where he served for 20 years before taking a job as a Department of Defense contractor. 

Over the years, the pair obtained numerous official documents under their false identities, including driver’s licenses and several passports.

While the indictment does not allege espionage, a document filed in opposition to their bail suggests a complex case. 

“Federal agents have seized letters” addressed to the couple that “refer to defendants by names other than Bobby, Julie, Walter, or Gwynn,” federal prosecutor Clare Connors said, suggesting they were using multiple aliases.

Agents additionally found the photos of the couple in the KGB uniforms.

A relative of Morrison told agents that she had lived in Romania when it was still a part of the communist bloc, Connors said.

Primrose, meanwhile, had been required to report all foreign travel and had failed to do so for several trips to Canada, the prosecutor said.

Morrison’s lawyer, Megan Kau, said in a brief comment to AFP that her client denied the accusations.

Eight dead in 'devastating' Kentucky flooding

Flash flooding caused by torrential rains has killed at least eight people in eastern Kentucky and left some residents stranded on rooftops and in trees, the governor of the south-central US state said Thursday.

The world has been hit by extreme weather events in recent months, incidents that scientists say are an unmistakable sign of climate change.

“This is going to be the worst flooding in recent memory — devastating and deadly,” Governor Andy Beshear told local NBC affiliate WLEX in an interview.

“We’re going to end up with double-digit deaths. Right now, I believe we can confirm at least eight, but that number is increasing, it seems, by the hour.”

The victims include an 81-year-old woman in Perry County.

Beshear said that responders have rescued “between 20 and 30” people by air. Earlier, he described people standing on rooftops or climbing up trees to escape the floodwaters while waiting for rescue.

Many roads resembled rivers, mangled cars littered the landscape and muddy brown floodwaters lapped against the rooftops of low-lying houses in the state’s Appalachian region.

Some areas reported receiving more than eight inches (20 centimeters) of rain in a 24-hour period.

The North Fork of the Kentucky River at Whitesburg, usually one to two feet deep at this time of year, rose to a staggering 20 feet, well above its previous record of 14.7 feet.

The governor said a state of emergency had been declared in half a dozen counties, and four National Guard helicopters have been deployed to help with rescue efforts.

The Kentucky Department of Fish and Wildlife had deployed Zodiac boats to carry out water rescues.

“There’s a lot of people out there who need help,” Beshear told reporters earlier in the day. “And we’re doing the very best we can to reach each and every one of them.

“The situation right now is tough,” he added.

“Hundreds will lose their homes, and this is going to be yet another event that it’s going to take not months, but likely years for many families to rebuild and recover from,” he said.

Beshear said around 25,000 homes were without power statewide, and many were without water.

The National Weather Service said the area was still at risk of flash flooding and warned more heavy rain was expected.

White House Press Secretary Karine Jean-Pierre said President Joe Biden had been briefed about the flooding.

Jean-Pierre said Deanne Criswell, head of the Federal Emergency Management Agency, would travel to Kentucky on Friday and report back to the president.

US tech titans stumble after pandemic boom

Amazon and Apple were a relative bright spot in a week of otherwise lackluster earnings results for an industry reckoning with the end of heady pandemic-era growth.

A crowded period of quarterly financial releases from the world’s biggest tech firms has been marred by misses and uncertainty — making it clear that the boom triggered by Covid-19 restrictions on getting about has tipped toward downturn.

As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning, inflation is pushing up prices and Covid-19 is causing temporary shutdowns of factories in China relied on by tech firms.

Recession fears, a strong dollar, shrinking advertising budgets and inflation — headwinds are coming from every direction at the moment.

“When you think about the number of challenges in the quarter, we feel really good about the growth that we put up,” Apple chief executive Tim Cook said on an earnings call.

For Apple, product sales tallied $63.4 billion in a drop from the same period a year earlier, but the dip was more than made up for by services revenue that climbed to $19.6 billion, earnings figures showed.

Demand for iPads and Mac computers exceeded supply in the recently-ended quarter, the main cause being pandemic restrictions that caused “plant closures and plants running at less than full utilization,” Cook noted.

Apple was also hobbled by an ongoing shortage of computer chips, Cook said.

Meanwhile, US chip giant Intel reported disappointing earnings battered by its own missteps as well as economic conditions — a post-Covid drop in demand and “supply dislocations in China and other parts of the supply chain,” executives said on an earnings call.

Amazon beat sales estimates to reach $121 billion in the quarter, and revenue climbed at its cloud-computing platform Amazon Web Services.

The retailer has made progress reducing ranks of employees that had been beefed up to handle online shopping that surged during the pandemic, executives said.

“Amazon managed pretty well through the second quarter despite tough macro conditions and added costs weighing on its bottom line,” said analyst Andrew Lipsman.

Apple, Microsoft and Facebook-owner Meta have talked of the strong dollar eating into earnings, since when America’s currency gains too much value, it can make products more expensive overseas or eat away at a beneficial exchange rate.

Meta pointed to the greenback’s role in the firm’s first year-on-year revenue decline since going public in 2012.

– Not much good news –

In addition to the generally bumpy economic times, firms such as Netflix and Meta are fighting fierce competition from rivals — and both reported losing some ground.

Meta lost about two million monthly users between quarters, and Netflix shed nearly a million paying customers.

Yet Netflix stock is up about a percent in the past five days, with investors potentially hopeful after the firm projected a coming rebound in subscribers.

Markets seemed similarly assuaged despite Google parent Alphabet missing on revenue and profit.

The Silicon Valley giant’s bad news was not unexpected, as the flow of online ad dollars that fuels the company’s fortunes has slowed as inflation, war and other troubles vex the overall economy.

“Still, with its tremendous market share in search advertising, Google is relatively well positioned to weather the rough waters that lie ahead,” said analyst Evelyn Mitchell.

As advertisers have tightened their belts, and Apple’s privacy changes have bitten into firms’ sales of costly but highly targeted ads, the damage was uneven.

Meta’s income has taken a beating, and with a share price that has lost about half its value since February, it’s clear that investors are still wary about the company’s future.

“The good news, if we can call it that, is that its competitors in digital advertising are also experiencing a slowdown,” said analyst Debra Aho Williamson.

Snapchat’s parent firm, for example, reported that its loss in the recently ended quarter nearly tripled to $422 million, despite revenue increasing 13 percent under “more challenging” conditions than expected.

“We are not satisfied with the results we are delivering, regardless of the current headwinds,” California-based Snap said in a letter to investors last week.

Close Bitnami banner
Bitnami