Bank of Canada surprises with 100-bp rate hike as price risks gather steam

File Photo-A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. Reuters/Chris Wattie By Reuters The Bank of Canada on Wednesday raised its benchmark interest rate by a full percentage point, surprising markets with its biggest rake hike since 1998 in a bid to tame soaring inflation. The

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In Mideast, Biden cites ‘bone deep’ bond between US, Israel

President Joe Biden stands with Israeli President Isaac Herzog, left, after arriving at Ben Gurion Airport, Wednesday, July 13, 2022, in Tel Aviv. (AP Photo/Evan Vucci) By The Associated Press Joe Biden opened his first visit to the Mideast as president on Wednesday by declaring a “bone deep” bond between the United States and Israel

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Mo Farah’s dad was tragically killed by shrapnel that hit his head from bazooka strike

Sir Mo Farah has emotionally opened up about his life in a new BBC documentary ( Image: BBC) The Daily Mirror By Matthew Cooper Sir Mo Farah has emotionally opened up about his life in a new BBC documentary titled ‘The Real Mo Farah’, with the four-time Olympic gold medallist revealing his dad was killed

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Somalia, Puntland leaders blame the deputy speaker for Bosaso incident

File Photo/Somali Times Former Puntland governors blame the deputy speaker of parliament for Bosaso incident. Former Puntland governors have accused Somalia’s first deputy speaker of parliament, Sadia Yasin Samatar, of being responsible for the incident at Bosaso airport. They said the deputy speaker was taking responsibility for the casualties caused by the clashes at Bosaso

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Biden heads to Mideast jittery about Iranian nuclear program

President Joe Biden speaks at the Congressional Picnic on the South Lawn of the White House, Tuesday, July 12, 2022, in Washington. (AP Photo/Patrick Semansky) By The Associated Press Joe Biden starts the first visit to the Middle East of his presidency with a monumental task: assuring uneasy Israeli and Saudi Arabian officials that he

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Bank of England faces ultimate test in battle against inflation, Bailey says

People walk past the Bank of England in London, Britain, October 17, 2017. Reuters/Hannah McKay By Reuters The Bank of England’s independence will be put to the ultimate test as it seeks to bring inflation back down to its 2% target from more than 9%, Governor Andrew Bailey said on Tuesday. The cost-of-living squeeze is

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Special MPs sitting to ratify Sh9bn UK-Kenya military pact

Credit to Photo Facebook/Kenya lawmakers at Parliament Buildings By Business Daily Africa Kenya has recalled its MPs to a special session that will renew a Sh9 billion defence pact with the United Kingdom and a raft of other laws a month before the election. The National Assembly reconvenes Wednesday to consider among other businesses the

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Russian, Turkish, Iranian presidents to meet in Tehran next week

By Anadolu Agency Russian President Vladimir Putin will travel to Iran’s capital Tehran on July 19 to take part in a trilateral meeting with Iranian President Ebrahim Raisi and Turkish President Recep Tayyip Erdogan, the Kremlin spokesman said on Tuesday. Putin will also hold a separate bilateral meeting with Erdogan, Dmitry Peskov told a press

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UK military killed over 50 detainees, unarmed men in Afghanistan, investigation finds

File Photo Anadolu Agency / Source: UK Army By Anadolu Agency More than 50 detainees and unarmed men were killed by British troops in Afghanistan, according to newly obtained military reports and an investigation by the BBC. BBC Panorama program, which is to be aired on Tuesday night, looked into documents of operations by the

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UN projects world population will reach 8 billion on Nov. 15

File – Indians wearing face masks as a precaution against the COVID-19, crowd a market, in Mumbai, India, on Jan. 7, 2022. The United Nations estimated Monday, july 11, 2022 that the world’s population will reach 8 billion on Nov. 15 and that India will replace China as the world’s most populous nation next year.

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