Russian rouble hits near 7-year high vs dollar as tax payments loom

By Reuters The Russian rouble surged on Monday to a near seven-year high against the dollar on Moscow Exchange, supported by capital controls and the promise of upcoming month-end tax payments, as the government presented its new budget. By 1219 GMT, the rouble soared 1.2% to 55.75 against the dollar , earlier touching 55.44, its

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Israel says regional alliance has thwarted Iranian attacks

File – Israeli Defense Minister Benny Gantz speaks during a meeting with Defense Secretary Lloyd Austin at the Pentagon, Dec. 9, 2021, in Washington. Gantz said Monday June 21, 2022, that Israel is helping build a U.S.-led regional air-defense alliance against Iran, and that the partnership has already thwarted attempted Iranian attacks. Gantz said he

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Crypto industry fears contagion as bitcoin slips under $20,000

By Reuters The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours – roughly

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US rate hike inflicts pain on Kenyan investors, firms

Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi By Business Daily Africa Aggressive interest rate rises by major central banks in the developed world are causing pain to Kenya’s businesses, households and investors through costly loans, losses at the Nairobi bourse and weakened shilling. The market

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China conducts land-based anti-ballistic missile test on Sun

By Anadolu Agency This is a defensive test, not aimed at any country, says Defense Ministry China on Sunday successfully conducted a land-based, mid-course anti-ballistic missile test on Sun within the country’s borders. This is a defensive test and is not aimed at any country, Chinese daily Global Times quoted the Defense Ministry as saying.

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Somalia’s president Hassan Sheikh arrives in UAE low profile no red carpet

United Arab Emirates Minister of State Sheikh Shakhbout bin Nahyan on Sunday received low profile no red carpet Somalia’s President Hassan Sheikh Mohamoud at the Abu Dhabi Presidential Airport. Somalia corrupt president Hassan Sheikh Mohamoud travel his first trip to UAE officially and he is going to meet both UAE and Israel officials on matters

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Spain, Germany battle wildfires amid unusual heat wave

Firefighters work in front of flames during a wildfire in the Sierra de la Culebra in the Zamora Provence on Saturday June 18, 2022. Thousands of hectares of wooded hill land in northwestern Spain have been burnt by a wildfire that forced the evacuation of hundreds of people from nearby villages. Officials said the blaze

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Macron loses absolute majority in parliament, initial projections show

French President Emmanuel Macron and his wife Brigitte Macron arrive to vote in the second round of the French parliamentary elections, at a polling station in Le Touquet-Paris-Plage, France, June 19, 2022. Reuters/Pascal Rossignol By Reuters President Emmanuel Macron is on course to lose his absolute majority in the National Assembly and control of his

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Somalia’s president Hassan Sheikh travel to meet both UAE and Israel officials-sources say

Somalia corrupt president Hassan Sheikh Mohamoud travel his first trip to UAE officially and he is going to meet both UAE and Israel officials on matters related to Abraham Accords and the exploitation of Somalia. He’ll then travel to Saudi Arabia and other countries, according to reliable sources told Somali Times inside Villa Somalia. The

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Bitcoin drops below $20,000 as crypto selloff quickens

By The Associated Press Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most popular cryptocurrency had plunged as much as 9.7% to less than $18,600 by late afternoon on the

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