People protest asking for the restoration of electrical service after four days of blackout due to the devastation of Hurricane Ian in Bacuranao, Cuba, Friday, Sept. 30, 2022. (AP Photo/Ramon Espinosa) By The Associated Press Groups of Cubans protested Friday night in the streets of Havana for a second night, decrying delays in fully restoring

By Anadolu Agency The European Council president urged on Friday to set up a new “Energy Union” to tackle the energy crisis the EU faces. Charles Michel, who chairs the summits of EU leaders and represents the EU in diplomatic relations, released a video statement about Russia’s annexation of Ukrainian regions. In line with the

By Business Daily Africa President William Ruto has revived a proposal to impose higher taxes on Kenya’s super-rich and high-income earners, endorsing the introduction of a wealth tax that failed to sail through Parliament over the past four years. The idea is the latest in a long list of efforts to raise taxes on the

Russian President Vladimir Putin and Denis Pushilin, Leonid Pasechnik, Vladimir Saldo, Yevgeny Balitsky, who are the Russian-installed leaders in Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, attend a ceremony to declare the annexation of the Russian-controlled territories of four Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, after holding what Russian authorities called referendums in the

Somali National Army (SNA) forces backed by the local pro-government militia group Ma’awisley on Thursday killed 40 Al-Shabab militants in an attack in the Hiran region of central Somalia. According to Xinhua reported. SNA commanders told the Somali News Agency that the 40 terrorists were killed during fierce fighting in Ceel-Qooxle village. “We are now

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon) By The

By Reuters The European Commission said on Thursday it would file a legal challenge against Malta for its so-called golden passport programme that allows wealthy foreigners to buy citizenship in exchange for an investment of around 1 million euros ($970,000). Holding a Maltese passport allows them to live and work in any EU country. In

By Anadolu Agency Global energy production may take years to diversify away from Russia, prolonging the risk of stagflation, the World Bank president has warned. Speaking at California’s Stanford University, David Malpass on Wednesday said the likelihood of a recession rose in Europe due to the weakness of the euro and high inflation, which further

British Prime Minister Liz Truss visits Berkeley Modular, in Northfleet, Kent, Britain, Friday, Sept. 23, 2022. (Dylan Martinez/Pool Photo via AP) By The Associated Press British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the

The leaders of Ethiopia and Somalia on Wednesday signaled the neighbors will lay greater focus on economic ties in the coming future. Prime Minister Abiy Ahmed welcomed Somali President Hassan Sheikh Mahmoud on a two-day working visit to the capital Addis Ababa, his first trip to Ethiopia since taking office this May. According to Anadolu