Farah and Gebrselassie enter dispute over alleged robbery from Ethiopian hotel
Mo Farah is embroiled in an extraordinary war of words with fellow distance star Haile Gebrselassie over a stay in his Ethiopian hotel. Speaking to newspaper reporters ahead of Sunday’s London Marathon, Farah criticised Gebrselassie over an alleged robbery in a hotel owned by the retired Ethiopian in which he claims he had a watch, two phones and money stolen. Farah said Gebrselassie did not return his messages about the incident, and said: “I just want him to take responsibility for getting my stuff back. Gebrselassie also alleged that Farah had been reported to the police for “attacking a married athlete in the gym”, and that charges were dropped following his personal mediation. “Police reports confirm the incident and the hotel admitted responsibility and were in contact with Mo’s legal advisor.
Source:Ethiopian News
April 24, 2019 21:22 UTC
MARKETS SNAPSHOT FOR 24/04/19
The S&P 500, closing roughly 0.5% below its intraday record high hit in late September, has rallied about 17% year-to-date. Profits of S&P 500 companies are expected to decline 1.1% for the first quarter, still a large improvement from the 2.3% drop estimated at the start of April. AT&T Inc was the biggest drag on the S&P 500, declining 4% after the second-largest U.S. wireless carrier reported quarterly revenue below Wall Street estimates. Boeing Co closed up 0.38% even after scrapping its 2019 outlook and reporting quarterly revenue below estimates due to grounding of its 737 MAX jets. The S&P 500 posted 49 new 52-week highs and two new lows; the Nasdaq Composite recorded 96 new highs and 37 new lows.
Source:Ethiopian News
April 24, 2019 21:00 UTC
Boeing scraps 2019 financial forecast, halts share buybacks in wake of 737 MAX disaster
World’s biggest aerospace corporation was forced to pull its full financial forecast for the current year due to unresolved issues surrounding Boeing’s once best-selling 737 MAX aircraft. Boeing’s earning per share totaled the expected $3.16 from January through March, while the revenue amounted to $22.92 billion against $22.98 billion forecasted by London-based provider of financial markets data Refinitiv. According to the producer, more than 135 test and production flights of updated software for the 737 MAX have been carried out so far. The tragedy, which killed 157 people, marked the second crash involving the same jet model in less than six months. In October, the same type of aircraft, operated by Indonesia’s Lion Air, crashed in the Java Sea shortly after takeoff, claiming the lives of 189 people.
Source:Ethiopian News
April 24, 2019 20:03 UTC
Facts why Ethiopia does not fit “The Failed State” Status Response to Major Dawit Woldegiorgis: (Part 1) (By Tibebe Samuel Ferenji)
Unfortunately, however, like many of our politicians, intellectuals like Major Dawit twist facts and omit essential information to fit their opinions. This maybe a lot difficult for people like Major Dawit who grew up in a “militarized culture”. To justify his assertion, Major Dawit quotes a newly formed Human Right organization that no one is heard of. As Major Dawit knows even in countries where democracy is practiced for many years, power abuse is not absent. It is sad to see Major Dawit falling to the “anti Abiy” political pundits’ pressure and engaged in such deception.
Source:Ethiopian News
April 24, 2019 20:03 UTC
Woldemariam Publishes Journal Article on Eritrea-Ethiopia Relations
Woldemariam Publishes Journal Article on Eritrea-Ethiopia RelationsMichael Woldemariam, Assistant Professor of International Relations and Political Science at the Frederick S. Pardee School of Global Studies at Boston University, published a recent journal article on the regional impact of the evolving relations between Eritrea and Ethiopia. Woldemariam’s article, entitled “The Eritrea-Ethiopia Thaw and Its Regional Impact,” was published in the May 2019 issue of Current History. From the text of the article:In a televised address on June 20, 2018, Eritrean President Isaias Afwerki announced his intention to dispatch a delegation to Ethiopia. The rivalry between Eritrea and Ethiopia is part of a saga nearly 70 years old. Research on this topic and others has been published (or is forthcoming) in Terrorism and Political Violence, the Journal of Strategic Studies, Nationalism and Ethnic Politics, Journal of Eastern African Studies, and a number of edited volumes.
Source:Ethiopian News
April 24, 2019 19:52 UTC
Potatoes prevent food crisis in Ethiopia and restore 'dignity and hope'
(Click to enlarge) Local potato storage“This incredible success has broken the cycle of dependence on emergency relief and restored dignity and hope in areas that have been hit by recurrent disasters.”Eileen Morrow, Ethiopia Country Director at Concern Worldwide. “It is very challenging to increase the yield of crops in high altitudes. Very little can thrive at 3,000 metres, but the Irish potato has proven to be a rare exception.”“When I first visited our projects there in 2016 during a major drought in the country, it was a real surprise to see potatoes growing so successfully at an altitude that had me struggling to breathe.”“We improved the varieties of potatoes available, namely Belete, Gudeni, and Jaleni.”“They have turned out to be very resilient and productive in drought-affected highland areas, while other main crop staples like barley withered.”“Initially, potato farming was a hard sell. Families here were used to eating barley and they were dependent on it for their livelihoods.”“We decided to focus on younger generations and eventually we managed to convince 16 youths to pilot potato farming on small plots of land – and now the entire region is reaping the awards.”“Extremely poor people in the highlands who would normally be experiencing extreme food shortages are instead generating profits and are no longer dependent on the government social protection scheme.”“To break the cycle we need increased investment and Irish Aid and the Irish public have been tremendous supporters of this.”“Our experience in South Wollo shows that aid works and can dramatically improve people’s lives.”Irish potatoes have prevented another major humanitarian food crisis in one of the poorest and most remote parts of Ethiopia, according to aid organization Concern Worldwide.The humble spud, introduced by the Irish aid agency into the country’s drought-prone northern highland regions of South Wollo in Amhara in 2007, is credited with a major drop in food shortages and improvements in the local economy.The vegetable is thriving where other crops had failed to grow at 3,000 metres above sea level where visitors can even struggle to breathe.Concern recently received confirmation of the crop's success when four districts, Dessie Zuria, Tenta, Legambo, and Delanta, which were classed as hunger hotspots, were found by a joint UN/Ethiopian government body to no longer be in immediate need of humanitarian assistance.Their emergency response priority status dropped from one, meaning the situation is extremely urgent, to the lowest level of three, meaning they require monitoring, but no longer lack enough food for an active and healthy life.This dramatic improvement in the four districts with a combined population of over 704,000 people is the first since the hunger “hotspot classification” measurement system was introduced in 2000.Eileen Morrow, Ethiopia Country Director at Concern Worldwide:Eileen Morrow:Ms Morrow said the Irish potato was key to solving the biggest challenge faced by the highland population of Ethiopia.They began piloting potato production for food 12 years ago with just 16 farmers in the Dessie Zuria district and have since scaled this up to more than 12,000 farmers.Eileen Morrow:She said that despite this success, many other parts of Ethiopia are still vulnerable to climate change and this year 8.86 million women, men and children are in need of a humanitarian assistance due to the effects of drought.Eileen Morrow:
Source:Ethiopian News
April 24, 2019 19:40 UTC
The Future of Ethiopia Under Abiy Ahmed - Straight Talk Africa
In this episode of Straight Talk Africa, host Shaka Ssali explores the first year in office of Ethiopian Prime Minister Abiy Ahmed and the challenges and opportunities that lie ahead. He is joined by Yoseph Badwaza, Senior Program Officer at Freedom House, Simegnish Yekoye Mengesha, Journalist and Media Researcher and Elias Wondimu, Publisher, Editor and CEO of Tsehai Publishers based in Loyola Marymount University in Los Angeles.
Source:Ethiopian News
April 24, 2019 19:37 UTC
Remains of Ethiopian Airlines Victims Still Scattered Around Crash Site
"What I personally found on the crash site left me shocked. She decided to visit the crash site after becoming frustrated with responses from Ethiopian authorities to her inquiries about the accident and recovery. Photographs of the crash site provided to the Times of Israel show the victims' belongings and plane fragments still scattered around the site, almost two months after the crash. According to ZAKA chief Meshi Zahav, his organization even offered to purchase the crash site from Ethiopian authorities to speed up the recovery efforts. Zahav also speculated that Ethiopian authorities may be overwhelmed by the cost and effort required to carry out such a large operation.
Source:Ethiopian News
April 24, 2019 18:56 UTC
Boeing uncertain how 737 crashes will hit profits
Boeing has said it still does not know how the crisis over the safety of its 737 Max 8 jets will affect its profits. A fall in 737 deliveries has already led to a $1bn drop in revenues. Boeing is temporarily cutting production of the 737 airliner from 52 planes a month to 42 from this month. Despite the drop in production Boeing has not laid off staff and is maintaining order levels with many suppliers, all of which is keeping costs high. Meanwhile, some 50 deliveries of new 737 Max planes have been withdrawn.
Source:Ethiopian News
April 24, 2019 18:00 UTC
Will Abiy Ahmed usher in a new Ethiopia?
Dr Abiy Ahmed, Ethiopia’s reforming Prime Minister, has stimulated outlandish optimism for Ethiopia’s future. Two months after assuming power in April 2018, Abiy lifted the state of emergency imposed by Desalegn’s government to counter unrest. The latter of whom is Meaza Ashenafi, founder of the Ethiopian Women Lawyers Association and has fought for women’s rights in Ethiopia, notably against child marriages. In February, Telecoms firm Ethio Telecom became the first of four major state owned corporations to be privatised. Indeed, Abiy’s political and social changes are certainly creating an environment of stability that stimulates foreign investment.
Source:Ethiopian News
April 24, 2019 17:50 UTC
London Marathon 2019: Mo Farah's room at Haile Gebrselassie-owned Ethiopian hotel burglarized
With the London Marathon looming on Sunday, Mo Farah hasn't been without his share of distractions. The four-time Olympic champion had his hotel room in Ethiopa robbed on his 36th birthday last month. Two phones, a watch his wife gave to him and cash was reportedly stolen. Farah said on Tuesday at a press conference for the upcoming marathon that he is "disappointed with Haile [retired running great Haile Gebrselassie]," via the Associated Press. And someone taken my two phones, taken my money, taken my watch that my wife got me that you can't buy.
Source:Ethiopian News
April 24, 2019 17:48 UTC
Addis Ababa to host over 3,000 healthcare professionals – New Business Ethiopia
Tha capital of Ethiopia, Addis Ababa City is set to host an international trade fair and forum focusing on healthcare, medical, pharma and wellness technology, inputs and solutions, the organizers said. Ethiopia’s largest multi-disciplinary Healthcare Professional Development forum is expected to attract over 3,000 medical professionals operating in different disciplines, according to press statement from Prana Events. Participants from Ethiopia, Bangladesh, China, India, Thailand, Turkey and United Arab Emirates are set to discuss business with more than four thousand trade and Medical professionals. The data from Ethiopia Ministry of Health, the National Budget to health sector is 11.5%, which shows its dependence on external aid and fund. The overall cost for Health Sector Transformation Plan for (2015/16 – 2019/20) is estimated $15.6 billion and $22 billion in base and high case scenario.
Source:News Business Ethiopia
April 24, 2019 17:43 UTC
Boeing Co. (NYSE:BA): Boeing Co. (BA) reports quarterly earnings, stock trades higher
BA – Boeing Co. missed quarterly expectations and pulled its guidance for the year, but its stock held fast to gains Wednesday. Boeing entered the second quarter with more than $7 billion in cash, which is better than what analysts had expected. “Ultimately, the 737 Max problem dwarfs this quarter’s earnings. Boeing showed that it is “making progress” toward resuming 737 Max service this summer, Corridore said. The 737 Max has been grounded world-wide after being in two fatal crashes less than five months apart.
Source:Ethiopian News
April 24, 2019 17:34 UTC
Mo Farah accused by Haile Gebrselassie of assault, blackmail and 'disgraceful conduct' in Ethiopian's hotel
Sir Mo Farah, the four-times Olympic champion, was on Wednesday night dramatically accused by Haile Gebrselassie of assaulting another athlete, blackmail and engaging in “disgraceful conduct” while staying at the Ethiopian’s hotel. The claims prompted a furious rebuke by double Olympic and four-time world 10,000m champion Gebrselassie, who released a statement claiming Farah had disclosed “deceit information”. Farah claimed earlier at a London press conference that he had returned to his room on March 23 – his 36th birthday – after an early-morning training session to find his bag had been raided. “I just want him to take responsibility of getting my stuff back,” Farah said of Gebrselassie. Two hours later, Gebrselassie released his own statement which claimed Farah had turned down the offer of a safe in which to keep his valuables.
Source:Ethiopian News
April 24, 2019 16:01 UTC
Farah slams Gebrselassie over theft at Ethiopian's hotel
By Mitch PhillipsLONDON (Reuters) - Britain's Mo Farah, who will be running in the London Marathon on Sunday, criticized fellow distance-running great Haile Gebrselassie for failing to help him after he was robbed at a hotel in Addis Ababa owned by the Ethiopian. "He didn’t respond even though that’s his hotel," four-times Olympic champion Farah told reporters at the London Marathon launch on Wednesday. Farah was so furious that Gebrselassie ignored his repeated texts and calls that he shared the last he sent, that threatened to publicly shame the Ethiopian. "I want to inform you that I’m disappointed you have not made any effort to find my stolen money, and especially my watch," he wrote. "This weekend we will reach one billion pounds raised for charity by runners, with more than half of that coming in the last nine years."
Source:Ethiopian News
April 24, 2019 15:05 UTC