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Dramatic video 'shows destruction of huge ISIL convoy'

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Iraq: Baghdad bombings kill more than 130 ISIL claims responsibility for attack that left more than 130 people dead in predominantly Shia area of Baghdad. At least 131 people, including many children, have been killed and hundreds wounded in a car bombing in a crowded commercial area in Iraq's capital, Baghdad, hospital and police sources have told Al Jazeera. The powerful explosion early on Sunday came near the end of the Islamic holy month of Ramadan, when the streets were filled with young people and families out after sunset. Al Jazeera's Imran Khan Karada is in the middle of Baghdad. It is a district people go to - and this would have been where people would gather towards the end of Ramadan, after fasting. People would have also been in the cafes watching the Euro 2016 quarter finals. This was a deliberate attack. We've seen ISIL do this time and time again. A few months ago, I spoke to members of the Karada business co...
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Billionaire Femi Otedola loses $400million in 9 weeks – Forbes report

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Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period. In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share. However, as at close of trading today (Tuesday), its share price has dropped to N193.46 after recording consistent daily losses over the past few weeks. Otedola, who is the company’s controlling shareholder, has seen his paper net worth drop from $1.6 billion when FORBES published its annual ranking of the World’s Billionaires in March, to $1.2 billion today, according to the FORBES’ real-time billionaire scorecard. A source at Forte Oil says that the drop in the company’s share price is not un...
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Ranieri thanks Chelsea for title-clinching draw

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Leicester City manager Claudio Ranieri called his Chelsea counterpart Guus Hiddink on Monday to thank him for the draw with Tottenham Hotspur that gave his team the Premier League title. Spurs' 2-2 draw at Stamford Bridge brought Leicester the first title in their 132-year history and Ranieri, who was sacked by Chelsea in 2004, was quickly on the phone to express his gratitude. "Just after the final whistle, I got a call from Ranieri," Hiddink, Chelsea's interim manager, told his post-match press conference. "He called us and thanked us for what we did, especially in the second half. I congratulated him for being champion. "I think they deserve it. It might be not a surprise anymore, but maybe a shock for the established clubs that they did so well. "They didn't implode. There was no tension when they started smelling the title. That's why I think they deserve the title." Asked if Ranieri, who cried on the pitch fol...
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