China moves swiftly to stabilize markets amid global financial turbulence

This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. Photographer Liang Xu By Xinhua News Agency In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence. Affected by sweeping

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Kremlin says Russia is ready to do all it can to help resolve US-Iran nuclear tensions

A 3D-printed miniature model of Donald Trump and the U.S. and Iran flags are seen in this illustration taken January 15, 2025. Reuters/Dado Ruvic/Illustration/File Photo By Reuters The Kremlin said on Monday that Russia was ready to do all it could to help resolve tensions between the United States and Iran around Tehran’s nuclear programme,

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Trump calls tariffs ‘medicine’ amid market turmoil

By Anadolu Agency US President Donald Trump described tariffs as “medicine” for addressing the country’s trade deficit with many countries. “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters Sunday while flying on Air Force One from Florida to Washington, DC, saying he was

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US revokes all South Sudan visas over failure to repatriate citizens

U.S. Secretary of State Marco Rubio boards a plane after attending the NATO meeting in Brussels, Belgium, April 4, 2025. Jacquelyn Martin/Pool via Reuters/ File Photo By Reuters The U.S. said on Saturday it would revoke all visas held by South Sudanese passport holders over South Sudan’s failure to accept the return of its repatriated

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Somalia President meets Ugandan dictator Yoweri Museveni for advice

File Photo/Somali Times Uganda’s President Yoweri Museveni, who has been in power since 1986, is turning into an dictator, bent on silencing the opposition and suppressing the media in order to maintain a firm grip on his power. This only confirms that Uganda, like some other countries in the region, is slowly degenerating into a

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Farmajo says arrest of the chairman of the people’s political organization is a reflection of the political direction taken by Hassan Sheikh

File Photo/Somali Times Former Somalia President Mohamed Abdullahi Farmajo has strongly condemned the arrest in Mogadishu of the chairman of the People’s political organization Abdirahman Suleiman Jama by the Federal Government’s security agencies. Read: Exclusive: Somalia airspace revenue collected by Hassan Sheikh and his family Read: Somalia officials abuse diplomatic passports for immigration fraud and

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Russian official says Moscow, Washington made ‘3 steps forward’ in mending ties

By Anadolu Agency Russia and the US made “three steps forward” on a large number of issues over the past two days, Kirill Dmitriev, Russia’s special envoy for foreign investment and economic cooperation, said Thursday. “You know, indeed, for the last two days, on behalf of (Russian) President (Vladimir) Putin, I have been holding meetings

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China will resolutely adopt countermeasures against U.S. reciprocal tariffs-commerce ministry

By Xinhua News Agency China firmly opposes the U.S. “reciprocal tariffs” and will resolutely adopt countermeasures to safeguard its rights and interests, a spokesperson for the Ministry of Commerce said on Thursday. The comments came after the United States announced on Wednesday that it would impose “reciprocal tariffs” on its trading partners. History shows that

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Trump signs order imposing reciprocal tariffs on countries worldwide

By Anadolu Agency US President Donald Trump signed an executive order Wednesday delivering on his long-promised vow to impose reciprocal tariffs on nations worldwide in a move that has sent markets sharply lower for months. A minimum baseline tariff of 10% will be imposed on all countries except Canada and Mexico, with higher sums charged

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Dollar steady as zero hour on Trump’s “Liberation Day” closes in

By Reuters The dollar firmed a touch and other currencies held in tight ranges on Wednesday as traders anxiously awaited details of U.S. President Donald Trump’splans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought $1.0784 while sterling fetched $1.2907, both easing slightly ahead of a White

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