Somalia’s president Hassan Sheikh decides to hold talks with Al-Shabab

File Photo/Somali Times Somalia’s corrupt President Hassan Sheikh Mohamoud has said for the first time that Somalia is not in a position to negotiate with al-Shabab, but is opening its doors to Al-Shabab members. He also said that the government will eventually negotiate with extremist groups, especially Al-Shabaab, which is strong in Somalia, in order

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Ukraine’s shadow: Deadly crises like Somalia starved of aid

File Photo Somali Times/Somalia corrupt President Hassan Sheikh Mohamoud By The Associated Press More than two dozen children have died of hunger in the past two months in a single hospital in Somalia. Dr. Yahye Abdi Garun has watched their emaciated parents stumble in from rural areas gripped by the driest drought in decades. And

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Italy declares state of emergency in northern regions to combat drought

By Anadolu Agency Italy declared a state of emergency Monday in five northern regions that are most affected by drought. The Cabinet, convened under Prime Minister Mario Draghi, decided to issue emergency decrees for Emilia-Romagna, Friuli-Venezia Giulia, Lombardy, Piedmont and Veneto, reflecting droughts in the Po River and eastern Alpine basins. The government also allocated

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Kenya seeks to rival London, Dubai with new financial hub

By Business Daily Africa Kenya will finally launch its international financial centre in the capital Nairobi today after years of preparation to attract large foreign firms and boost capital flows. The Kenyan hub is expected to model Nairobi as a financial district in line with existing financial centres in European, Middle East and the Far

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Turkey’s annual inflation climbs to near 79%

By Reuters Turkey’s annual inflation rate jumped to a 24-year high of 78.62% in June, data showed on Monday, just above forecast, driven by the impact of the Ukraine war, soaring commodity prices and a slide in the lira since a December crisis. Inflation has surged since last autumn, when the lira slumped after the

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Turkish foreign minister says Sweden, Finland has to comply with memorandum to be part of NATO

By Anadolu Agency Sweden and Finland have to comply with a recent memorandum signed with Türkey to be part of NATO, the Turkish foreign minister said on Monday. “If they do not comply, we will not accept them into NATO,” Mevlut Cavusoglu said during a live interview with Turkish broadcaster NTV. Sweden and Finland shunned

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Central African Republic President: Crypto is key to financial inclusion

By Reuters Cryptocurrencies are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said on Sunday, citing the cost of opening bank accounts. “The alternative to cash is cryptocurrency,” Touadera said at a launch event for crypto initiative Sango hosted by the country, after it became the first African

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Somalia’s upper house speaker says money donated to the government has been withdrawn from the central bank by Roble

File Photo/Somali Times A lot of money donated to the government of Somalia has been withdrawn from the central bank before Mohamed Roble transferred the post. Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017 Somalia’s upper house speaker says money donated to the government has been withdrawn from the central bank by Roble and

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3 dead, 3 critically wounded in shooting at Denmark mall

An ambulance and armed police outside the Field’s shopping center, in Orestad, Copenhagen, Denmark, Sunday, July 3, 2022, after reports of shots fired. Danish police say several people have been shot at a Copenhagen shopping mall. Copenhagen police said that one person has been arrested in connection with the shooting at the Field’s shopping mall

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Several hit by gunshots, one arrested at Copenhagen mall

People leave Field’s shopping centre, after Danish police said they received reports of shooting, in Copenhagen, Denmark, July 3, 2022. Ritzau Scanpix/Olafur Steinar Gestsson via Reuters By Reuters Danish police said several people had been hit by gunshots and one person had been arrested at a shopping centre in the capital Copenhagen on Sunday, in

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