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U.S. Officials Eye Links Between Weekend Bombings

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U.S. investigators on Sunday were studying possible links between a pair of bombs detonated in New York City and New Jersey over the weekend, although no evidence had yet emerged tying the devices to known extremist groups.

The country was shaken by a trio of attacks over the weekend including a Saturday night bombing that injured 29 in Manhattan and a stabbing attack at a Minnesota shopping mall that wounded nine.

While officials described all three as deliberate, criminal acts and were investigating them as potential “acts of terrorism,” they stopped short of characterizing the motivation behind any of them until more evidence is uncovered.

A deafening roar and powerful shock rocked Manhattan’s popular Chelsea neighborhood late on Saturday after a pressure-cooker bomb packed with shrapnel exploded. A similar, unexploded device, was found a few blocks away later that night.

No international militant group immediately claimed responsibility for the New York blast or a pipe bomb that went off earlier along the route of a Saturday road race in suburban New Jersey. But New York Governor Andrew Cuomo said the act of blowing up a bomb in a crowded area of Manhattan “is obviously an act of terrorism.”

No suspects were immediately identified in the New York and New Jersey attacks.

But CNN reported on Sunday night that police had reviewed surveillance video showing a man, who was not identified, leaving both devices on Saturday.

The Islamic State militant group quickly claimed responsibility for the Minnesota attack by a man who made references to Allah and asked at least one person if he or she was Muslim before he assaulted the individual. An off-duty police officer fatally shot the assailant.

Police did not immediately identify the Minnesota attacker, citing an ongoing investigation, although some local media reports gave his name and said he was an African-born junior college student. Reuters could not immediately confirm his identity.

There were no immediate connections established between the Minnesota attack and the bombings in New York and New Jersey, which came days before the United Nations General Assembly opens on Tuesday. Some 135 heads of state or government are expected to attend the event, and city officials said they had bolstered an already heavy security force with 1,000 more uniformed police officers and National Guard members.

‘CRUDE’ DEVICES

Federal Bureau of Investigation experts were examining remnants of the two devices that went off in Chelsea and Seaside Park, New Jersey, some 80 miles (130 km) south of New York City, as well as the undetonated pressure-cooker bomb, the same sort of improvised explosive device that killed three people and wounded more than 260 in the 2013 Boston Marathon bombing.

“The crudity of the devices in all three cases certainly doesn’t point to any group that’s been developing (improvised explosive devices) for years,” said a U.S. official involved in the investigation who requested anonymity to discuss the inquiry.

The official added that the crude nature of the devices and the apparent low level of planning had some investigators concerned that the blasts were just a test of New York’s security.

“That’s what worries us: Was this some kind of test run, not just of the devices, but also of the surveillance in New York and the response?” the official said.

The United States has experienced a series of deadly attacks over the past year by gunmen inspired by Islamic State, which has been fighting a long civil war in Syria. A man who claimed allegiance to the group fatally shot 50 people at an Orlando, Florida, nightclub in June, six months after a married couple massacred 14 in San Bernardino, California.

Investigators at the FBI’s lab in Quantico, Virginia, were set to look to see if the three devices in the New York area had a common design, although a U.S. official familiar with the inquiry said that would not be proof in itself the attacks were linked.

“Almost anybody could have fabricated these bombs and used cellphones as timed detonators,” said the official. “There are instructions all over the internet, and the crudity, positioning, and relative ineffectiveness of these does not suggest that a more sophisticated group played any role in this.”

The bombs used in the Boston Marathon bombing were built using instructions that the pair of brothers behind the attack found in al Qaeda’s “Inspire” online magazine.

The FBI considers the Minnesota episode a “potential act of terrorism,” Richard Thornton, FBI special agent in charge of the agency’s Minneapolis division, told a news conference on Sunday.

Amaq, the news agency affiliated with Islamic State, issued a statement on Sunday calling the attacker “a soldier of the Islamic State.”

Reporters was not immediately able to verify the Amaq assertion.

(Additional reporting by Mark Hosenball and John Walcott in Washington, Robert MacMillan in New York and Alex Dobuzinskis in Los Angeles; Writing by Scott Malone; Editing by Peter Cooney)

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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