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Samsung family completes record inheritance tax

The family behind South Korean conglomerate Samsung has completed payment of a record inheritance tax bill totaling 12 trillion won (about $8bn), marking the largest such settlement in the history of South Korea. Chairman Lee Jae-yong, along with family members including his mother Hong Ra-hee and sisters Lee Boo-jin and Lee Seo-hyun, paid the amount in six installments over five years. The tax obligation stems from the estate of former chairman Lee Kun-hee, who died in October 2020. His fortune was estimated at around 26 trillion won, including shares, real estate and valuable art collections. Samsung confirmed that the final installment has now been paid, with the total amount equivalent to roughly one and a half times South Korea’s total inheritance tax revenue for 2024. With a tax rate of about 50%, the country maintains one of the highest inheritance […]

Abubakar May 4, 2026

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international

Obi, Kwankwaso switch parties ahead of Nigeria poll

Two major opposition figures in Nigeria have switched political parties in a significant realignment ahead of next year’s presidential election. Peter Obi and Rabiu Kwankwaso, who placed third and fourth respectively in the 2023 election, have both joined the Nigeria Democratic Congress (NDC). Their move has raised the possibility of a joint ticket to challenge President Bola Tinubu. The two politicians were previously members of the African Democratic Congress (ADC), alongside former Vice-President Atiku Abubakar, who finished second in the last presidential race. While some observers view the latest shift as a sign of fragmentation within the opposition, supporters argue it could create a more focused political platform. Both Obi and Kwankwaso are former state governors with strong grassroots networks. Obi enjoys significant backing among younger voters, particularly in southern Nigeria, while Kwankwaso retains considerable influence in the north through […]

Abubakar May 4, 2026

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international

Iran urges US to drop excessive demands in peace talks

Iran has urged the United States to drop what it calls excessive demands if both sides are to reach a deal and prevent their conflict from sliding back into full scale war. Iranian officials say Washington must adopt a more realistic approach in the ongoing talks and avoid miscalculations that could derail progress. Foreign Minister Abbas Araghchi conveyed this message in a phone call with his Egyptian counterpart, Badr Abdelatty, after the latest round of discussions between Iranian and US negotiators. He said success in the negotiations requires seriousness, realism and an end to overreaching demands from the American side. The talks, mediated by Oman and held in Geneva and Islamabad in recent weeks, are widely seen as a last ditch effort to secure a broader agreement that would include a ceasefire and steps to ease tensions around the Strait […]

Abdulmumini Auwal SA May 4, 2026

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international

Iran warns US forces over Trump’s Hormuz escort plan

Iran has warned that its forces will attack United States troops if they attempt to enter or operate in the Strait of Hormuz under President Donald Trump’s new ship escort plan. The warning raises the risk of a direct clash in one of the world’s most strategic waterways, even as a fragile ceasefire remains in place. Trump announced that the US will begin escorting foreign commercial ships trapped by the blockade in Hormuz, in a mission he called Project Freedom. He described the plan as a humanitarian effort to help vessels that have been stranded for weeks, with crews running low on food and other supplies. In response, Iran’s military central command said any safe passage through the strait must be coordinated with its forces under all circumstances. Major General Ali Abdollahi, speaking through state media, declared that any foreign […]

Abdulmumini Auwal SA May 4, 2026

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international

US Troop Cut in Germany Sparks NATO Concerns

Senior Republican lawmakers in the United States have criticised a Pentagon decision to withdraw 5,000 troops from Germany, warning that it could weaken NATO’s deterrence posture and send an unintended signal to Russia. Senator Roger Wicker and Representative Mike Rogers, who lead the Senate and House Armed Services Committees, said the troops should instead be repositioned further east in Europe rather than withdrawn entirely. They argued that maintaining a strong forward military presence remains essential as European allies continue increasing defence spending. A Pentagon spokesperson, Sean Parnell, said the decision followed a comprehensive review of operational needs and current conditions on the ground. He added that the withdrawal is expected to take place over the next six to twelve months. President Donald Trump indicated that additional troop reductions could follow, though he did not provide specifics. The United States currently […]

Abubakar May 4, 2026

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international

Nigeria Plans Evacuation Amid South Africa Attacks

Nigeria is preparing plans to repatriate citizens in South Africa who wish to return home, amid rising concerns over attacks targeting foreign nationals. Foreign Minister Bianca Odumegwu-Ojukwu said at least 130 Nigerians have already registered for voluntary evacuation, with expectations that more will join as fears grow over escalating tensions. She conveyed the concern of President Bola Tinubu, condemning recent violence and public demonstrations marked by xenophobic rhetoric and anti-migrant sentiment. Nigeria has summoned South Africa’s acting High Commissioner and plans to formally express its concerns during a meeting, warning that the incidents could strain diplomatic relations between the two countries. The discussions are expected to address recent protests by anti-immigrant groups, as well as reported cases of harassment, violence, and damage to businesses owned by Nigerians. Odumegwu-Ojukwu stressed that the safety of Nigerian citizens remains a top priority. She […]

Abubakar May 4, 2026

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international

Rudy Giuliani Hospitalised in Critical Condition

Rudy Giuliani, a longtime ally of Donald Trump, is in hospital in a “stable but critical condition,” according to his spokesman Ted Goodman. Goodman shared the update in a social media post on Sunday but did not provide further details about Giuliani’s current medical situation. Shortly afterward, Trump also confirmed the news, describing Giuliani as a “true warrior” and praising his record as mayor of New York City. He also referenced Giuliani’s role in challenging the outcome of the 2020 US presidential election. Giuliani rose to national prominence during his time as mayor, particularly for his leadership following the September 11 attacks, earning him the nickname “America’s Mayor.” In recent years, he remained a central figure in US politics, especially after the 2020 election, when he publicly supported claims that the vote had been improperly conducted. Those claims were widely […]

Abubakar May 4, 2026

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international

Fear Grows in Iran as Crackdown Deepens After War

Life in Iran remains overshadowed by the visible presence of state power, with images of past leaders and current authorities dominating public spaces. Despite protests, conflict, and a recent ceasefire, the system of the Islamic Republic continues to hold firm. According to accounts gathered inside the country, the authorities appear not only intact but increasingly entrenched. Many citizens believe the state has become more assertive and, in some cases, more punitive following recent events. In Tehran, a young couple—identified here as Sana and Diako for their safety—shared contrasting perspectives on the country’s direction. While Diako expressed cautious optimism about potential change, Sana was more critical, arguing that power has become even more concentrated, particularly among influential security institutions. The recent conflict, which involved strikes by the United States and Israel, initially raised expectations among some Iranians that political change might […]

Abubakar May 4, 2026

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international

Armenia Hosts EU Summits Amid Shift From Russia

European leaders are gathering in Yerevan for two major summits, marking a significant moment for Armenia, long viewed as one of Vladimir Putin’s closest allies in the region. More than 30 European leaders, along with Canada’s prime minister, are set to attend a summit of the European Political Community. This will be followed by the first-ever bilateral summit between the European Union and Armenia, attended by Ursula von der Leyen and António Costa. The high-level meetings highlight a notable shift for Armenia, which remains a member of the Eurasian Economic Union and hosts a Russian military base. The country also relies heavily on Russian energy, importing gas at preferential rates. Armenia’s changing geopolitical stance accelerated after the 2023 conflict with Azerbaijan over Nagorno-Karabakh. During the crisis, Russia did not intervene decisively despite its peacekeeping presence, prompting concerns in Yerevan about […]

Abubakar May 4, 2026

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international

US Plans to Cut Troops in Germany Sparks NATO Concern

Senior Republican lawmakers in the United States have raised concerns over a Pentagon plan to reduce the American military presence in Germany, warning that the move could weaken NATO deterrence and send an encouraging signal to Russia. The planned reduction involves the withdrawal of around 5,000 US troops currently stationed in Germany, which hosts the largest American military deployment in Europe. The decision was confirmed by Pentagon spokesperson Sean Parnell, who said it followed a detailed review of operational needs and conditions on the ground. Two senior lawmakers, Senator Roger Wicker and Representative Mike Rogers, who lead the Senate and House Armed Services Committees respectively, argued that the troops should not be withdrawn from Europe entirely. Instead, they suggested that forces should be repositioned further east to strengthen deterrence against potential threats. In a joint statement, they warned that reducing […]

Abubakar May 3, 2026

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