Oil rises as US sanctions, stockpile forecasts raise supply worries

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Reuters/Drone Base/File Photo By Reuters Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories

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United Nations Security Council is investigating the individuals involved in the war crimes took place northern Somalia Las Anod

The United Nations Security Council has agreed to take follow-up measures regarding the accountability of individuals responsible for war violations against humanitarian issues that occurred during the conflict in Las Anod in the Sool region northern Somalia. Read: Somalia Ambassador to United Nations says atrocities in Las Anod are war crimes against humanity The Security

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King Charles, Queen Camilla to visit Kenya in late October

Britain’s King Charles III (L) and his Queen Camilla. Photo/ AFP By AFP The United Kingdom’s King Charles III and his wife Queen Camilla will make a four-day state visit to Kenya from the end of this month, Buckingham Palace announced Wednesday. President William Ruto invited the royal couple for the visit, which comes as

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UN chief warns against spillover of Israel, Palestine war, says aid must be allowed into Gaza

By Anadolu Agency UN Secretary-General Antonio Guterres warned Wednesday against ongoing clashes in Israel and the occupied Palestinian territories spreading, and voiced alarm at reports of escalating attacks from Lebanon. “We must avoid spillover of the conflict,” Guterres told reporters at the UN’s New York City headquarters. “I am concerned about the recent exchange of

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Turkey’s Erdogan says US move of aircraft carrier closer to Israel will lead to Gaza massacre

File Photo: The U.S. aircraft carrier USS Gerald R. Ford on its way into the Oslo Fjord, at Jeloya, Moss, Norway, May 24, 2023. Terje Pedersen/NTB By Reuters Turkey’s President Tayyip Erdogan on Tuesday criticised the United States for moving a carrier strike group closer to Israel, saying that it would commit “serious massacres” in

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Kenya opens talks with IMF, World Bank on Eurobond repayment

Kenya has started talks with the International Monetary Fund and other development financial institutions for a new loan. Photo/Shutterstock By Business Daily Africa Kenya has started talks with the International Monetary Fund (IMF) and other development financial institutions for a new loan to help it settle the $2.0 billion (Sh297.6 billion) Eurobond whose repayment is

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State Department clarifies deletion of Blinken’s post encouraging ‘cease-fire’

US Secretary of State Antony Blinken By Anadolu Agency The US State Department clarified on Tuesday the deletion of a tweet by Secretary of State Antony Blinken, citing that it was “unfortunately worded.” “The tweet was unfortunately worded, did not capture that appropriately. So we pulled it down,” said Spokesman Matthew Miller in response to

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Somalia’s SSC Khatumo state will not participate in Puntland elections

File Photo/Somali Times The leader of the SSC-Khatumo state Abdiqadir Ahmed Aw-Ali, has stated that his newly formed state will not participate in the upcoming elections for the Puntland regional state. Abdiqadir Ahmed who attended the Heritage forum in Mogadishu on Tuesday night, emphasized that the local people in Sool, Sanaag, and Ayn, collectively known

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Scotland’s leader fears for wife’s parents ‘trapped’ in Gaza

Scotland’s first minister and Scottish National Party (SNP) leader Humza Yousaf arrives at St Giles’ Cathedral to attend a National Service of Thanksgiving and Dedication, in Edinburgh on July 5, 2023. PAUL ELLIS/Pool via Reuters/files By Reuters Scotland’s leader Humza Yousaf said on Monday that his wife’s parents were “trapped” in Gaza, leaving him worried

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Kenya’s financial markets ranking falls in Africa

The Central Bank of Kenya in Nairobi By Business Daily Africa Kenya’s financial markets standing on the continent has taken a major beating from the country’s foreign exchange trouble tied to dollar shortages and a fall of forex reserves. According to the 2023 Absa Africa Financial Markets Index, to be launched on Tuesday, Kenya’s country

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