London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle

Venezuela’s President Nicolas Maduro Reuters/Leonardo Fernandez Viloria By Reuters London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’s underground vaults in London. The court ruled on Friday that previous decisions by the Maduro-backed Venezuelan Supreme Court,

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Ethiopia says it killed Al-Shabab terrorist leaders Fu’ad Shongole, Abu Musab and Ubeyda

A photograph appear on the Internet: Al-Shabab terrorist leader Fu’ad Shongole The Ethiopian government has announced that three senior leaders of Al-Shabab terrorist group have been killed in the war in Western Somalia. Somali people are celebrating the death of the three terrorists who committed atrocities, killing thousands of innocent civilians and raping many young

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Will Somalia’s above-ground risks blunt its E&P licensing prospects?

IHS Markit By Ida Hockerfelt Amid higher global oil prices and a sharpening focus on new oil and gas supply sources to offset dependence on Russia, East African frontier Somalia has a renewed opportunity to attract foreign investors to its upstream hydrocarbon sector. However, in light of limited exploration success to date, the acute governance,

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Somalia spy chief, president and Al-Shabab terrorists attack on a Somali town bordering Ethiopia

A Photograph appear on the Internet Somalia spy chief Mahad Salad is a member of Al-Shabab terrorist group and Somalia president Hassan Sheikh Mohamoud, according to sources Somali officials told Somali Times Egypt, UAE and Kenya government they are behind all this supporting Al-Shabab terrorist group attacking neighbouring Ethiopia. The battle came after Al-Shabab terrorists

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Russia destroys 359 air defense missile systems in Ukraine-official say

By Anadolu Agency Defense ministry spokesman says Ukrainian army has suffered ‘significant’ losses The Russian Defense Ministry said Thursday that since the beginning of its “military operation” against Ukraine, it has destroyed 359 air defense missile systems belonging to its neighbor. Spokesman Igor Konashenkov claimed that the Ukrainian army has suffered “significant” losses and an

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China’s Xi warns Biden over Taiwan, calls for cooperation

By The Associated Press President Xi JInping warned against meddling in China’s dealings with Taiwan during a phone call with his U.S. counterpart, Joe Biden, that gave no indication of progress on trade, technology or other irritants, including Beijing’s opposition to a top American lawmaker’s possible visit to the island democracy, which the mainland claims

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Congo oil blocks auction draws warnings of environmental catastrophe

By Reuters Licensing rights for 30 oil and gas blocks in the Democratic Republic of Congo went up for auction on Thursday, opening parts of the world’s second-biggest rainforest to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming. President Felix Tshisekedi presided over the launch

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China reiterates threat of military action if anyone tries to separate Taiwan from Beijing

By Anadolu Agency China reiterated its threat to use force against those attempting to separate Taiwan from Beijing, state-run media reported on Thursday. The comments by China’s ambassador to the US, Qin Gang, came after unconfirmed reports of US House Speaker Nancy Pelosi planning a visit to Taiwan in August. Qin said if anyone challenges

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Somalia president Hassan Sheikh does not pay government employees salaries

File Photo/Somali Times Somali government workers, security agencies and both houses of the National Parliament did not receive their salaries. Salary payment, for the past five years has been untouched with no delay or loss. The Federal Government of Somalia president Hassan Sheikh Mohamoud told civil servants that there’s no wages for the past two

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US economy shrank 0.9% last quarter, its 2nd straight drop

By The Associated Press The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy —

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