On Wednesday, Michael Jackson‘s daughter Paris Jackson, 20, and son Prince Jackson, 21, were together at the Mandalay Bay in Las Vegas for a special celebration honoring what would have been late singer’s 60th birthday.
Taking the stage at the event, dubbed the “Michael Jackson Diamond Birthday Celebration,” the two followed in their father’s footsteps by accepting the Elizabeth Taylor Legacy Award on his behalf for his humanitarian work with the Elizabeth Taylor AIDS Foundation.
They looked good doing it, too — Paris in a pink strapless dress with ruffled train and Prince wearing a look reminiscent of his late father’s iconic style (black pants, a white T-shirt, and a red bomber jacket).
Both also rocked matching black sneakers, custom designed with the word “Tribute” bedazzled into the sole
The award was presented to Paris and Prince by two very special people: Elizabeth Taylor’s grandson Quinn Tivey and Diana Ross’s son, Evan Ross.
Taylor and Ross were both incredibly close with Michael before his death in June 2009 (Taylor died in March 2011).
“It is extremely a privilege and an honor to be here accepting and award not only for something my dad was so passionate about, but someone he held so very near and dear to his heart, and a foundation that he worked so hard to strive and make the goals that they are achieving right now,” Prince told the crowd.
“The way my father like to lead his life, he liked to lead by example and he never thought that he was too big,” Prince continued. “The King of Pop, the biggest entertainer in the world, he never thought he was too big for any person, no matter what it is that you did or where you came from. I think it’s important to do this to make this world a better place.”
Paris, who is an ambassador of the foundation, let her brother do the talking — telling the crowd that “he’s always the most well-spoken.”
She was more vocal on the red carpet, where she wore colorful silk pants, a short-sleeve white T-shirt, silver heels, and an mix of bold jewelry.
“We celebrate our father and his legacy in our own ways. It’s very exciting to be here,” Paris told E! News. “And it’s a celebration of love, and obviously today is very meaningful to so many people, but I think we honor him every day. It’s not so much the date. It’s more just the feeling of it, but there’s a lot of love here tonight and I’m excited about that.”
Nigerian diffs remained firm on Wednesday, thanks to demand for October-loading cargoes of Qua Iboe, while the initial flurry to buy Angolan grades subsided somewhat, traders said.
* Qua Iboe was heard to be changing hands between $1.30 and $1.50 above dated Brent for September loading and although offers were heard as high as $1.70-1.90, traders said any sellers would be unlikely to achieve prices at these levels.
* Bonny Light was said to be unchanged around $1.30 above dated Brent.
* A handful of cargoes were said to be unsold from the August and September programmes, down from closer to 30 last week.
* Between 15 and 20 cargoes were believed to be left from Angola’s 49-strong October loading programme, although two traders said the pace had slackened off somewhat in the last few days.
* Offers for Dalia held steady at a discount of 60 cents to dated Brent, while October-loading Nemba was offered at a premium of 40 cents and Cabinda was indicated at close to 50 cents above dated Brent.
* India’s IOC is seeking light, sweet crude for delivery in late October via tender. The results were due Thursday or Friday, traders said.
* BP won a tender to supply Uruguay’s state-run ANCAP with 1 million barrels of Qua Iboe for delivery in the last week of October, traders said.
* Total won Indian refiner HPCL’s tender last week and will supply a VLCC of Bonny Light and Qua Iboe crude for delivery in the first half of October, two traders said.
Theresa May the PM has said she was in Nigeria to bring jobs and enhance treading links between Nigeria and Britain.
While in Nigeria Theresa May,at FMDQ Security Exchange building, Victoria Island, Lagos, had a meeting with the Nigerian business community. The prime minister, accompanied by members of her trade delegation, met with Alhaji Aliko Dangote, Mr Femi Otedola and Mr Tony Elumelu, among others, who had earlier assembled at the venue. The meeting which last for 40 minutes, provided an opportunity for forging more bilateral relations between Nigeria and the United Kingdom. May had earlier on Wednesday afternoon met with President Muhammadu Buhari in Abuja where Nigeria and Britain signed agreements on Defence and Security partnership, among others. May’s visit to Nigeria is part of her tour of three African countries. The prime minister also met Gov. Akinwunmi Ambode of Lagos State, accompanied by his deputy, among other state officials, who received her at the Lagos airport. The business community in Lagos says the visit of British Prime Minister, Theresa May, will deepen existing bilateral relationship between the two countries.
Theresa May, Alhaji Aliko Dangote, Mr Femi Otedola Mr Tony Elumelu and others, Some members of the Lagos business community expressed their views on the sideline of the British Prime Minister’s meeting with the business community in Lagos on Wednesday. Mr Akin Olawore, the President of Nigerian-British Chamber of Commerce (NBCC), said that the meeting was pertinent for Nigeria to maintain a strong economic relationship with Britain in alignment with its membership of the Commonwealth. “It seems very convincing now that Britain wants to explore trade with Nigeria and we are also ready to do business with them. “We are supposed to be natural business partners because we have so many things in common. “But I believe this visit is setting a tone for partnership because we can now work together and see how we can help each other achieve real trade growth. “Now that they are ready for serious business with Nigeria, genuine business people can take advantage of the opportunities,” he said. Olawore said that the proposed Investment Cooperation Agreement (TICA) between the two countries would enhance trade competitiveness, economic growth and ease of the business climate in the country. “The Cooperation Agreement means we are now partners and it will also spell out conditions of free trade agreements “If you look at our agric export, for lack of meeting their standard or European Union standard, they were stopped at the port, but now that will not happen again. “Instead of stopping it at the ports, they will come and work with us here to ensure that the standard is what they expecectd it to be which is how partnerships work, you do not wait till the person make mistakes, but you work together to achieve mutual growth,”he said. He said that trade betwen Britain and Nigeria was expected to rise above 100 million pounds before the end of 2018 and could hit $8 billion by 2020. Mr Babatunde Ruwase, the President, Lagos Chamber of Commerce and Industry (LCCI), said that the business community should position itself to explore the various opportunities and maximise the benefits of the mutual partnership. “It is a good development for Nigeria and British relationship because we can see enthusiasm that came from the Prime Minister’s visit and her planned investment in certain sectors of the economy. “Particularly, their interest in the areas of improving investment in Fintech and infrastructure development,” he said. Nigeria is Britain’s second largest trading partner in Africa. Nigeria’s top export to the UK is crude oil and its largest import is refined oil. May is on a trade mission in an attempt to bolster Britain’s post-Brexit fortunes. This is her first visit to Africa since she became Prime Minister in 2016. The visit was part of her efforts to “deepen and strengthen partnerships around the world as the UK prepares to leave the European Union (EU) next year.
Theresa May paid a visit to Nigeria and was received by President Buhari
The president assured that the country will conduct a free and fair election in 2019 – He also thanked the UK for its continued support President Muhammadu Buhari has said that his administration is committed to conducting a free and fair election in 2019. In a statement signed by Femi Adeshina who is the special adviser to the president on media and publicity on Wednesday, August 29, he said he was happy with the recent performance of his party, the All Progressives Congress. President Buhari said he has focused on infrastructural development despite low earnings. May in her reaction said she was happy to continue discussion on trade and fight against corruption. She said the UK was not interested in holding what belongs to Nigeria but said judicial process will be followed.
The statement read: “President Muhammadu Buhari Wednesday in Abuja assured the UK Prime Minister Theresa May of his commitment to conducting free, fair and credible elections in 2019. “In a bilateral meeting with the visiting Prime Minister, President Buhari welcomed UK’s support at strengthening democratic institutions in the country. ‘‘I assure you that I’m all out for free, fair and credible elections. I’m very pleased that my party is doing very well. The High Commissioner will brief you more. The recent successes in polls in Katsina, Bauchi, and Kogi have boosted our morale greatly.
‘‘Nigeria has accepted multiparty democracy and that is putting politicians on their toes, forcing them to work harder.” On the anti-corruption campaign, the president applauded the British support to the country, noting that the success of the fight was very important to ordinary people in the country. “We had great opportunities and resources between 1999 and 2014, due to high oil prices. But when we came in 2015, oil prices plunged to as low as 37 dollars per barrel. ‘‘What we have been doing since 2015 is to focus on infrastructure development, despite low earnings. Work is ongoing in roads, rail, power, and many others,” he said. On Brexit, President Buhari noted that it provides an opportunity to strengthen the historic ties between Nigeria and the United Kingdom.
‘‘We are nervously watching the development about Brexit because we know that the relationship had been on for a long time. I assure you that I am prepared to strengthen the relationship between our two countries,” he added. The president also thanked the UK government for the support on security and the fight against insurgency in the North Eastern part of Nigeria, as well as the improved trade relations between both countries. ‘‘I am very grateful to the British government under you leadership for the help in security, particularly your training team that is in our institution in Kaduna,’’ he said. Earlier, in remarks before the bilateral meeting, the Nigerian leader underscored the need for UK support on reviving of Lake Chad, which is a means of livelihood for millions of people. The president told the visiting prime minister that Europe and China were already conducting an in-depth study on recharging the Lake through inter-basin transfer from the Central African Republic. In her remarks, Prime Minister May, who welcomed the assurance by the Nigerian government on credible elections in 2019, said she was pleased to be in Abuja to continue the ‘‘excellent discussions’’ she started with President Buhari in London in April, this year, particularly on security, trade, asset recovery and the fight against corruption. ‘‘Security and defence cooperation are very important steps to address Boko Haram and Islamic State in West Africa,’’ May said. On asset recovery, the prime minister told President Buhari: ‘‘we do not want to hold anything that belongs to Nigeria people, but we follow the judicial process, which can be slow.’’
The prime minister appealed to President Buhari to use his position as ECOWAS Chair to keep the issue of human trafficking on the front burner in the sub-region. President Buhari and Prime Minister May witnessed the signing of two agreements: Security and Defence Partnership and Economic Development Forum Agreement. Meanwhile, the United Kingdom says it has repatriated to Nigeria, 70 million pounds recovered from a Nigerian convict who was found guilty of fraud by an Italian court. British High commissioner Paul Arkwright, ahead of Prime minister, Theresa May’s visit to the country, said more funds would be repatriated from the UK to Nigeria.
DAKAR, Senegal (AP) — German Chancellor Angela Merkel arrived in Senegal late Wednesday on a three-nation West African visit focusing on economic development and migration.
Merkel is meeting with the presidents of Senegal, Ghana and then Nigeria as she presses for further investment in a region that is a source of many of the migrants who make their perilous way toward Europe.
Migrant arrivals in Europe across the Mediterranean from Africa and Turkey are at their lowest level in five years, but the issue remains sensitive. Merkel, who refused to close Germany’s borders at the height of the migrant crisis in 2015, has toughened her stance recently to salvage her government from a rift over the issue.
Some in Europe hope that investing more in West Africa will help keep people in a region plagued with unemployment, dodgy infrastructure, rising extremism and now the effects of climate change from leaving.
“We must not be accomplices of the people smugglers. We must fight illegality but also create legality and conditions for work here on the ground,” Merkel said after meeting with Senegalese President Macky Sall, according to her spokesman Steffen Seibert. Germany announced it would electrify 300 Senegalese villages.
Senegal’s president agreed and pointed out the youth who are drowning while trying to cross the Mediterranean. “It is not in the dignity of Africa,” he said. He reminded citizens they cannot seek asylum because they are not persecuted at home or at war. “We’re a democracy,” he said.
Senegal and Ghana are two of Africa’s fastest-growing economies and among its most stable countries. Both have signed on to the Compact with Africa initiative to promote private investment that Germany launched last year during its presidency of the Group of 20 industrialized and developing nations.
Merkel is traveling with nearly a dozen CEOs of German companies.
Nigeria is West Africa’s regional power, Africa’s most populous country and one of the continent’s top oil producers. It is plagued, however, by widespread corruption and security threats that include Boko Haram and Islamic State-linked extremists in the north, violent clashes between herders and farmers in the central region and oil militants in the south.
Merkel on Tuesday spoke with the new leader of another of Africa’s top economies, Ethiopian Prime Minister Abiy Ahmed, and invited him to visit, his chief of staff Fitsum Arega said on Twitter. Germany is just one of the countries responding with curiosity to the recent reconciliation between Ethiopia and neighboring Eritrea, with Germany’s development minister visiting the long-reclusive country last week.
As the prime minister began the second leg of a three-day trip across three countries in the African continent in a bid to bolster Britain’s post-Brexit position, Twitter had some complaints.
Users of the social network, including historian Mary Beard, took it upon themselves to impart a quick geography lesson upon news outlets who appeared to be struggling.
Amid reports of Theresa May’s attempts to “secure a trade deal with Africa”, the Cambridge classics professor pointed out: “I think it might be a good idea if UK media made it rather clearer that “Africa” was not a single country.. as in “trade deal with Africa”?????”
The PM has spent this week visiting South Africa, Nigeria and Kenya, but some reports failed to acknowledge the continent is made up of multiple countries and economies.
A tweet from BBC News announcing the trip was one of the first to receive criticism on social media.
People responded by reminding the broadcaster that “Africa” was not specific enough for the second-largest continent in the world, made up of 54 countries.
I think it might be a good idea if UK media made it rather clearer that “Africa” was not a single country.. as in “trade deal with Africa”?????
And the BBC wasn’t alone – Downing Street’s official Twitter account was also guilty of committing what many users branded
Irene Davies tweeted: “Why say Africa? Every country in Africa is so different”.
Some argued the over-generalisation was similar to oft-criticised coverage that discusses “Europe” instead of specific countries.
But Frances Coppola, a writer for Forbes, pointed out the use of the continent’s name also misrepresents the nature of the negotiations.
Coppola said as well as being a “roll over” of an existing trade deal rather than a new one, the claim that May has struck a trade deal with “Africa” obscures the fact that the deal is with six southern African nations, not the entire continent.
Descriptions and reports of Africa as if it were a country in and of itself have been subject to criticism and debate for a number of years, even inspiring the tongue-in-cheek name for “Africa is a Country”, an online outlet founded in 2009.
A number of politicians have also found themselves subject to scrutiny over the error.
Sarah Palin was called out in 2008 by Fox News chief political correspondent Carl Cameron, who claimed she “didn’t understand that Africa was a continent, rather than a series, a country just in itself.”
But the award for the most impassioned response goes to Twitter user @lajidefemi, reacting to an unrelated story by ABC, which claimed Rihanna was to give profits from her Fenty Beauty line to “African students”.
Kweku Adoboli is the first to admit that he, as he puts it “f***ed up”.
The 38-year-old’s banking career ended explosively when he was convicted in 2011 of losing $2.3 billion of the bank UBS’s money and was dubbed the biggest rogue trader in British history.
The insults thrown at him during his trial still smart. They roll off his tongue: “adrenaline junkie, driven by money, massive show-off, gambler”. Overnight, he says, he became a pariah: “a figurehead for everything that was wrong in the City”.
But after serving half of a seven-year sentence he says he has had “a new lease of life”. He is trying to atone for his crimes by working to reform the City; speaking to more than 7,000 bankers, students and politicians about how to bring about what he calls “a radical change in culture”. He’s even given a talk with Tony Blair. Now he has another battle on his hands — to stay in the country.
The Government is trying to deport him to Ghana, where he was born, because he is not a British citizen. While he appeals their decision he has to report to the police station every fortnight. His MP, Hannah Bardell, has joined his campaign to stay in the country and has sent a request to the Home Secretary asking that he is not held. Adoboli argues that he has served his prison sentence and that deportation is “not meant to be a double punishment”.
Despite no longer working in the City, Adoboli is dressed in the uniform of an off-duty banker; a pristine white T-shirt, navy blazer and smart jeans.
He left Ghana aged four, when his father went to work for the United Nations in Jerusalem. At 12 he was sent to Ackworth, a Quaker boarding school in Yorkshire.
“Theresa May talked about global citizens being citizens of nowhere,” he says. “I am that global citizen, so I never stopped to think that my passport restricted my freedom. I broke down last week in tears thinking I could be in a detention centre: worse than prison. My godson, who I live with, would come home from his first day of school to me not being there. My godsons are three and five and call me My Kweku — they think everyone has a mum, a dad and a My Kweku because they’ve known me all their life.”
The deportation has caused division in his immediate family. “My father thinks if this country wants to deport me I should go back to Ghana. But he has to understand that he sent me here, I built an alternative surrogate family here. If I leave I’m allowing them to take away a massive part of my identity.”
His father sat through Adoboli’s trial and it brought them closer. “It was hard for me to watch him going through that. For the first time in my life he said he was proud of me because I told the truth and took responsibility.”
Going over what happened at UBS is painful, “like cutting out a little piece of my heart”, but he has now spoken about it countless times at workshops run by think tank the Forward Institute. “The conversations we’re having about it are deeply important. I’ve seen it all, from running a $5 billion book to being cast out in prison — you see how society works and how you need to make it better.”
He’s crowdfunding his appeal and if it’s overturned and he no longer needs the money he is planning to donate it to others in need of legal aid, especially those from the Windrush Generation who are at risk of deportation.
“At the trial my father told me he was proud of me for the first time in my life, because I told the truth”
What Adoboli did was illegal. In his job as a trader he was booking non-existent trades as hedges to hide that risk limits had been exceeded. Eventually the money lost was too much to hide. He sent an email to colleagues, signing off: “I take responsibility for my actions and the s*** storm that will now ensue. I am deeply sorry to have left this mess for everyone and to have put my bank and my colleagues at risk.”
He plead not guilty, he says, “to get disclosure on everything that happened so I could contribute to learning and cultural change”.
Adoboli says that he didn’t want to go into banking. He studied computer science and management at Nottingham University and did an internship at UBS because he couldn’t get one in consulting. “What’s ridiculous is by the end of my 10-week internship at UBS in 2012 I had become part of the culture. I was told that our values matched. When they offered me a job I was proud and thought they had embraced me.”
Aged 27 he was promoted to run a $50 billion portfolio. “It was me and my supervisor John [Hughes], who was 25, running the biggest book in the bank. We had 30 months of experience between us. That’s like two kids running the economy of Ghana. I had imposter syndrome every day.”
Hughes was dismissed for gross misconduct weeks after Adoboli’s arrest but not charged with anything.
Adoboli continues: “We were trying to rebuild after the financial crisis and regain some independence after being bailed out by the Swiss taxpayer, but to do that we had to take risks — we didn’t know another way to create profit. There had been swathes of redundancies and people had fear they can’t deliver — so you don’t talk about failure, Bankers were being bashed from outside, which affected us.”
Rogue trading was a way “to run the book in this stressed environment”. “It protected you from making short- term decisions and bought time.”
Was he driven by money? “No. Yuval Noah Harari talks about this — we tell stories to control society. The narrative about me is I’m an adrenaline junkie driven by money. That’s the opposite of who I am. I went to a Quaker school with the motto ‘Not for himself but for all’. Colleagues said: ‘Kwek, you’ve got it wrong, this game is not about the community it’s about how much profit you can make as quick as possible with as little effort’.”
By the time he was convicted he had decided to leave trading. “My partner then, a doctor, had said I needed to choose between the job and her. I was desperate to make it work so committed to leaving the bank. She had said I was doing well so why wasn’t I happy?
“I’d ask my bosses, ‘What’s our purpose?’ You get the stock line about trickle-down economics or moving assets to where they are in demand to lubricate globalisation.”
He quotes academic theories of “resource depletion”, when a person works in a high-pressure environment and feels that they identify with the values of an institution. “When there is a bifurcation between your values and the institution you feel inauthentic but instead of dealing with it and seeing your family and friends you withdraw into the institution.”
His partner gave him an ultimatum — it was the job or her. “I was desperate to make it work with her. Then the loss happened and three months later I’m in prison.” He sighs.
It’s becoming less emotionally gruelling to return to the area of Shoreditch where he worked: “Back then, how near I was to work was more important than where I lived.”
What he wants is a shift in banking culture so no one has to go through what he has. “Our most brilliant people are working in finance; we need to get those people thinking about how to solve problems rather than how do we generate tons of profit. The financial industry needs to change its purpose and fix social global problems like migration, water shortages and climate change through investments they make.” He speaks to young people, “who want to change the world, like I once did” and says their “idealism is valuable to companies”. “We need to give them the tools to protect themselves.”
It’s taken a long time and a lot of therapy to reach this reflective point. When he arrived at Verne Prison in Dorset he was a minor celebrity. “People were like: ‘Mate, it’s the billion-dollar banker’.” He says it in a laddish voice. “I kept myself to myself at first. I was bullied by security — they searched my cell every Friday for four weeks in a row — no one gets that. They turn it upside down, pull apart your legal paperwork. Washing-up liquid was squirted everywhere, oats thrown around.” Eventually he made friends, working as a listener for the Samaritans and becoming chair of the prison council. Prisoners fondly called him “uncle”.
Adoboli’s been following debates around prison privatisation. “There shouldn’t be private prisons because prison is a social tool for protecting and rehabilitation — it shouldn’t be linked to profit. I was in prison in Ukip land, and at the prison council decisions were political. You have to invest in rehabilitation like in Scandinavia if you want to reduce crime so when prisoners come out they have a life to build — that’s a reason not to re-offend.”
He survived prison because of his friends. “Ro and Pip, friends from uni who I live with now, were amazing. When I broke up with my partner two-and-a-half years into my sentence I was smoking non-stop, not sleeping, drinking too much coffee. I spoke to Ro on the phone and he came down from Scotland to check up on me.”
Ro picked Adoboli up when he was released and drove him to Scotland. On the way, Ro stopped. “He said: ‘I want you to repeat, “I am not a criminal”. Say it until you believe it. You made mistakes but that doesn’t define who you are’.”
Adoboli doesn’t miss his old life. “Despite the Home Office and the constant sword of Damocles hanging over us, my life today is rich and happy. I don’t miss making tons of profit for the bank, but not being able to live.”
He has a new girlfriend and beams at the mention of her. “Telling someone what happened is always difficult — it’s complex but also there’s stigma, worrying about meeting their parents and explaining that the caricature in the press isn’t the real me.”
What would he do if he had children who wanted to be bankers? “I’d say: ‘You need to choose an institution with values that match yours and is trying to meet the social contract’.