By Anadolu Agency Oil prices rose on Wednesday after US data showed that crude stockpiles fell dramatically, indicating an improvement in the country’s demand situation, while major central banks’ hawkish stance in taming rising inflation limited increases. International benchmark Brent crude traded at $81.16 per barrel at 10.14 a.m. local time (0714 GMT), a 0.69%

President Joe Biden and South Korea’s President Yoon Suk Yeol pause after laying a wreath as they visit the Korean War Veterans Memorial in Washington, Tuesday, April 25, 2023. (AP Photo/Susan Walsh) By The Associated Press Presidents Joe Biden and Yoon Suk Yeol on Wednesday will sign an agreement that includes plans to have U.S.

By Business Daily Africa Foreign interest payments in the first eight months jumped by Sh19.3 billion following the sharp weakening of the shilling against the dollar that pushed up the cost of servicing external debt. Data from the Central Bank of Kenya (CBK) shows that expenditure on foreign interest jumped by over a fifth to

By Reuters Sudan’s toppled leader Omar al-Bashir was moved from Kober prison to a military hospital in the Sudanese capital before heavy fighting broke out there on April 15, two sources at the hospital said. The whereabouts of Bashir came into question after a former minister in his government, Ali Haroun, announced on Tuesday he

By The Associated Press Swiss banking giant UBS said Tuesday that it took in $28 billion in new money from wealthy clients in the first three months of the year, with $7 billion of that coming in the 10 days after the announcement it was taking over ailing rival Credit Suisse. Zurich-based UBS, which is

By Anadolu Agency South African President Cyril Ramaphosa said Tuesday his governing African National Congress party (ANC) has resolved to pull out of the International Criminal Court (ICC). Ramaphosa made the remark while addressing a joint news conference with visiting Finnish President Sauli Väinämo Niinisto in the nation’s capital of Pretoria. The ICC issued an

The flag of Somalia By Dr Abdiwahab Sheikh Abdisamad Somalia is at a crossroads, with the future of its state-building efforts hanging in the balance. The existence of regional forces, heavily armed and operating independently of the national army’s authority, presents a significant threat to the country’s stability and security. The risk of these forces

Russian T-14 Armata tanks drive during the Victory Day Parade in Red Square in Moscow, Russia, June 24, 2020. Host photo agency/Evgeny Biyatov via Reuters By Reuters Russia has begun using its new T-14 Armata battle tanks to fire on Ukrainian positions “but they have not yet participated in direct assault operations,” the RIA state

Credit: Reuters/Andrew Mitchell Minister of State (Development and Africa) at Downing Street Declassified UK By Phil Miller Britain’s Foreign Office is censoring “vital information” on who shot protesters in Somaliland, after funding a police unit some blame for the killings. UK diplomats will not declassify their assessment of who killed pro-Somalia activists at a demonstration

By Anadolu Agency The descendants of some British slave owners have launched an activist group, calling on the UK government to extend an official apology for slavery and launch a reparative justice program in recognition of the “ongoing consequences of this crime against humanity.” The Heirs of Slavery movement has been created to urge the