Brexit Aftermath: Cameron To Step Down, Shares And Pound Plunge, An Indication Of Global Financial Turmoil?!

In the biggest Political decision in modern times, with a 51.89% vote to leave the EU, against 48.11% to remain, and after 43 years of membership, Britain in the early hours of Friday, at about 20 mins to 5am, 24th June 2016, historically voted to leave the European Union (EU).

Scotland and Northern Ireland voted for Britain to remain in the EU, on the other hand, England overwhelmingly voted for British exit from the European Union (Brexit).

Does this indicate that the memorandum for Scotland's Independence will be revisited?, we keep our fingers crossed.

Still on the news...

Turmoil across the financial markets greeted Brexit, as Bloomberg Europe Banks and Financial Services Index fell 6.7 percent at 8:06 a.m, Friday, 24th June, 2016 in London. 

Royal Bank of Scotland Group Plc and Bank of Ireland were among the two worst performers. Credit Suisse lost 14 percent while Deutsche Bank dropped as much as 18 percent. 

In his speech, Bank of England's Governor, Mark Carney, allayed this fear by stating that Britain is well prepared for Brexit.

"...But we are well prepared for this.  The Treasury and the Bank of England have engaged in extensive contingency planning and the Chancellor and I have been in close contact, including through the night and this morning.

The Bank will not hesitate to take additional measures as required as those markets adjust and the UK economy moves forward...". Carney stated.

British Prime Minister, David Cameron, who though believed that Britain is stronger, safer and better off in the European Union, while addressing the nation in an emotional speech, outside 10 Downing Street, stated that he will step down as Prime Minister within months. ....

"...I do not think it will be right for me to try to be the captain to stir our country to the next destination...". Cameron stated.

Furthermore, Cameron stated he will work towards ensuring stability until October, 2016, when a new Prime Minister is expected to emerge; and will do everything he can as Prime Minister to support the People's Decision. 

Unveiling Olli - U.S Electronic Bus!

Unveiling ‘Olli’, an autonomous electric bus, created by Arizona-based automaker Local Motors and powered by IBM Watson’s cognitive learning car technology, IBM Watson Internet of Things (IoT) for Automotive. 

Packed with more than 30 sensors, with the ability to carry up to 12 people, Olli drives itself around local public roads in Washington D.C, and is expected to expand to Miami-Dade County and Las Vegas later in 2016.

Thousands Observe Summer Solstice In Wiltshire!

About 12,000 people traveled to the huge stones in Wiltshire, South West England, on Tuesday, 21st June, 2016,   to watch the sun rise over the famous prehistoric monument on the longest day of the year.

Toast was barred in 2016's Summer Solstice by English heritage because it had seen more 'drunken and disrespectful behaviour' as crowds increased each year.

Ahead Of August 3rd Polls, Pretoria Burns!

Protesting the selection of the ruling party's mayoral candidate on Tuesday, 21st June, 2016, some residents in poor areas of Pretoria, South Africa's capital city took to the streets, blocked roads, looted shops and burned vehicles in a violence which raised concerns over security ahead of local elections on August 3rd, 2016.

About two-dozen vehicles, mostly buses, have been set on fire in the violence which began Monday, 20th June, 2016, and has affected several areas on the periphery of the city, including Atteridgeville and Mamelodi. 

Periodic unrest is a major concern during elections in South Africa as the lack of basic municipal services over - stretches the S/A police in many poor communities. In this case, news revealed that some officers on leave were called back to duty.

Lagos To Emerge First Smart City In Africa!

In a move believed to see Lagos state, southwest Nigeria emerge as the first Smart City in Africa, Lagos State Government on Tuesday, 21st June revealed that the state entered into a historic partnership with the City of Dubai.

The Smart City, when completed is expected to have features like a rail metro-line,  12-lane-road, world-class technological education facilities and hotel resorts among others.

The memorandum of understanding (MoU) was signed by Lagos State Attorney General & HC of Justice, Mr. Adeniji Kazeem and the CEO of Smart City Dubai LLC, Mr. Jabber Bin Hafez.

Man Escapes From Russian Prison Through Tiny Food Delivery Window!

A 25 - year- old man recently escapes from a Russian prison through a tiny window for food delivery. 

In the video, Rustam Shakhrutdinov, dubbed 'snake man' accused of robbery, seemed stuck halfway for quite a while before finally managing to get out, almost losing his pants in the process.

Once out of his cell, the escapee who appears not to be in a hurry pulled his clothes out, put them on and left the prison in Izberbash, Republic of Dagestan, Southwest Russia.

Opposition, Palestinians Frown At West Bank SME $18m Development Funding!

Following months of Palestinian attacks on civilians and soldiers, the Israeli government on Sunday, 19th June, 2016, approved $18 million in extra funding for Jewish West Bank settlements.

The move was not welcomed by Israeli opposition lawmakers and Palestinians, both parties believed that instead of boosting Israel's struggling periphery the government was pouring money into an enterprise that undermined Israel's security and international standing.

Netanyahu's office released a statements which stated that the funding was geared towards assisting small businesses, encourage tourism and strengthen security.