European Central Bank makes another large interest rate hike

Christine Lagarde, President of the European Central Bank. (AP Photo/Michael Probst, File) By The Associated Press The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go

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Exclusive: Hassan Sheikh’s group ‘split’ into Ethiopia and Egypt

File Photo/Somali Times Somalia’s presidency has a conflict between officials close to President Hassan Sheikh over the crisis between Ethiopia and Egypt, according to Somali Times. Ethiopia and Egypt are fighting over the Nile dam built by Addis-Ababa. “One of the members who are very close to the president, the director of NISA, Somali spy

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Somalia president, regional leaders agree to sign illegally oil agreement with Coastal Exploration

Somalia corrupt president Hassan Sheikh Mohamoud calls regional leaders to sign oil agreement with Coastal Exploration, reliable sources told Somali Times. The leaders of the federal government of Somalia and the regional governments are meeting in Mogadishu to discuss oil agreement with Coastal Exploration. Reliable sources told Somali Times have also confirmed to us that

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Meta fined $24.7M for campaign finance disclosure violations

By The Associated Press A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for repeatedly and intentionally violating campaign finance disclosure law, in what is believed to be the largest campaign finance penalty in U.S. history. The penalty issued by King County Superior Court Judge Douglass North was the maximum

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Germany to legalize cannabis use for recreational purposes

A mature marijuana plant begins to bloom under artificial lights at Loving Kindness Farms in Gardena, Calif. (AP Photo/Richard Vogel, File) By Reuters Germany set out plans on Wednesday to legalise cannabis, a move Chancellor Olaf Scholz’s government said would make Germany one of the first countries in Europe to do so. Health Minister Karl

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Somalia President dying to join East African Community

File Photo/Somali Times The President of the Federal Republic of Somalia, Hassan Sheikh Mohamoud has asked the East African Community to fast-track his country’s admission into the Community. Hassan said joining the EAC has been a long-time dream for the people and government of Somalia and urged the EAC secretary general Dr Peter Mathuki to

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Zimbabwe’s focus on wheat set to yield biggest-ever harvest

By The Associated Press Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in large part to efforts to overcome food supply problems caused by the war in Ukraine. But bush fires and impending rains are threatening crops yet to be harvested. Like other African countries, Zimbabwe has for

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UK fiscal statement delayed to Nov. 17, says finance minister Hunt

British Chancellor of the Exchequer Jeremy Hunt exits Number 10 Downing Street on the day of a cabinet meeting, in London, Britain, October 26, 2022. Photographer Hannah Mckay By Reuters Britain has postponed the announcement of a plan to repair the country’s public finances to Nov. 17 for it to reflect the “most accurate possible

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NATO holds annual nuclear deterrence training exercise in Europe

By Anadolu Agency Dozens of aircraft of NATO countries took part in the military alliance’s annual “Steadfast Noon” nuclear deterrence training exercise in northwestern Europe. “NATO exercise SteadfastNoon is a routine annual training activity. It involves 14 countries and more than 60 aircraft of various types,” NATO Air Command said Tuesday. Tanker aircraft and fourth

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Adidas ends partnership with Ye over antisemitic remarks

Kanye West.(AP Photo/Ashley Landis, File) By The Associated Press Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, the latest company to cut ties with Ye and a decision that the German sportwear company said would hit its bottom line. “Adidas does not tolerate antisemitism

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