IMF says Chad debt deal cuts risks, protects against oil price fall

Managing Director Kristalina Georgieva. Photographer Michele Tanntussi By Reuters The head of the International Monetary Fund on Sunday welcomed a long-awaited debt deal by Chad’s creditors and said it would reduce the African country’s risk of debt distress while guarding it against downside risks, including lower oil prices. “We have been waiting for this day,”

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Kenyan traders buy Ethiopian miraa for Somalia market on high costs

By Business Daily Africa Miraa traders have shifted to Ethiopia as a source market for the stimulant, where they are buying nearly half of the allocated quota for the Somali market as high costs in Kenya force them to abandon the local crop. The traders said they procure at least 40 percent of the 19

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US to reward informant who will help capture 3 Al-Shabab leaders

US ambassador to Kenya Margaret Whitman during a press conference at US Embassy, Gigiri on August 7, 2022 Photo/File By The Star, Kenya Initially, Mahad Karate, also known as Abdirahman Mohamed Warsame had a $5 million bounty on his head. Also wanted are Jehad Serwan Mostafa alias Ahmed Gurey, Anwar al-Amriki, and Emir Anwa Mostafa.

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Biden, Xi to meet face-to-face amid superpower tensions

This combination image shows U.S. President Joe Biden in Washington, Nov. 6, 2021, and China’s President Xi Jinping in Brasília, Brazil, Nov. 13, 2019. (AP Photo/Alex Brandon, Eraldo Peres, File) By The Associated Press President Joe Biden will sit down with Chinese President Xi Jinping on Monday for their first in-person meeting since the U.S.

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6 killed, 81 injured in Istanbul explosion

By Anadolu Agency An explosion on Istanbul’s Istiklal Avenue Sunday killed six people and injured 81 others, the Turkish vice president said. Fuat Oktay, who visited the blast site, told the press at Istanbul’s Taksim Square that the blast is considered a terrorist act, and a female attacker detonated the bomb. Giving further details on

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Six dead in Istanbul blast, Erdogan says it ‘smells like terrorism’

Police works at the scene after an explosion on busy pedestrian Istiklal street in Istanbul, Turkey, November 13, 2022. Photographer Kemal Aslan By Reuters Six people were killed and 53 others were wounded on Sunday when an explosion rocked a busy pedestrian street in central Istanbul in what Turkish President Tayyip Erdogan called a bomb

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Turkey to use Black Sea gas ‘hopefully’ next year, says President Erdogan

By Anadolu Agency Turkey is establishing an energy base on the seabed in the Black Sea, President Recep Tayyip Erdogan said, adding that the gas “hopefully” will be available to use next year. Erdogan’s remarks came during a gas supply ceremony, which he joined by video conference, for four districts of the Black Sea province

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UK must raise taxes and cut spending, Hunt says ahead of budget

British Chancellor of the Exchequer Jeremy Hunt looks on outside Number 10 Downing Street, in London, Britain November 1, 2022. Photographer Hannah McKay By Reuters Finance minister Jeremy Hunt said he will raise taxes and cut spending this week to show Britain can fix its public finances and restore its economic credibility after the financial

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7 French citizens currently detained in Iran, foreign minister says

By Anadolu Agency Two more French citizens have been detained in Iran, bringing the total number of people from France held in the Islamic republic to seven, the country’s foreign minister said on Saturday. “We are concerned about two other compatriots and it appears from the last verification that they are also detained,” Catherine Colonna

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Bahrain websites attacked as it holds parliamentary election

Credit to Photo Anadolu Agency By The Associated Press Bahrain voted Saturday in a parliamentary and local election just hours after hackers targeted government websites in the island kingdom that is in the midst of a decade-long crackdown on dissent. The Interior Ministry did not identify the websites targeted, but the country’s state-run Bahrain News

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