By Anadolu Agency The EU on Wednesday proposed a new package of “biting” sanctions on Russia over its “escalation” in the ongoing Ukraine war, including an oil price cap. “Last week, Russia has escalated the invasion of Ukraine to a new level. The sham referenda, organized in the territories that Russia occupied, are an illegal

By Reuters The Bank of England said on Wednesday that it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets, after a slump in British gilt prices since a government fiscal statement on Friday. Citing potential risks to UK financial stability, the BoE also said it

Somalia’s President Hassan Sheikh Mohamoud today visited Addis Ababa in Ethiopia. President Hassan Sheikh Mohamoud was welcomed by the Prime Minister of Ethiopia’s Abiy Ahmed. The president is expected to discuss the two officials in both countries and strengthening relations between Somalia and Ethiopia. Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017 Read: Somalia’s

By Anadolu Agency The number of confirmed and suspected deaths in Uganda from Ebola has risen to 23, while infections have climbed to 36, the Health Ministry said Tuesday. The increase in infections comes as trainee medics at Uganda’s hospital hosting the main isolation center for Ebola patients withdrew their services, accusing the government of

British Chancellor of the Exchequer Kwasi Kwarteng attends an interview with Laura Kuenssberg from the Labour Party Conference in Liverpool, in the London studio, Britain September 25, 2022. Jeff Overs/BBC/Handout via Reuters. By Reuters The International Monetary Fund openly criticised Britain’s new economic strategy on Tuesday, following another slide in bond markets that forced the

Britain’s Labour Party MP Rupa Huq /Toby Melville/File Photo By Reuters An opposition Labour lawmaker was suspended from the party on Tuesday after being accused of making racist comments about British finance minister Kwasi Kwarteng, with a party spokesperson saying it would call on her to apologise. Rupa Huq, a lawmaker who represents an area

File Photo/Somali Times The African Union peacekeeping mission in Somalia, ATMIS, has praised the armed forces of Somalia for their achievements in the security operations to liberate Al-Shabab terrorist groups from the country. The ATMIS operation said that the Somali forces have demonstrated their offensive capabilities, which enabled them to take control of areas that

By The Associated Press The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile U.K. economy. The instability began to have real-world impacts, with several British mortgage lenders withdrawing deals

By Anadolu Agency Moscow can use nuclear weapons to defend itself, former Russian President Dmitry Medvedev said on Tuesday, days after he asserted that all means could be used to protect territories incorporated into Russia from Ukraine. According to the country’s military doctrine, Russia can use its nukes if the country itself or its allies

By Business Daily Africa As Kenya Airways continues to extend begging bowls to the government to pump in more billions to help it pull out of a major financial crisis, its main African rival Ethiopia Airlines is plotting to wrestle the lucrative West African market as it moves to extend its dominance beyond the region.