People walk past the Bank of England in London, Britain, October 17, 2017. Reuters/Hannah McKay By Reuters The Bank of England looks set to take its first steps next week towards selling some of the 875 billion pounds ($1.11 trillion) of government bonds it amassed between 2009 and 2021, leading markets into uncharted territory. Investors

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. Reuters/Henry Nicholls By Reuters British government borrowing in the recently ended 2021/22 financial year was almost 20% higher than forecast by the country’s

By Anadolu Agency Turkish President Recep Tayyip Erdogan on Monday criticized US President Joe Biden’s recent statements on the events of 1915, calling them ahistorical and based on misinformation. “The US president should learn and know history very well,” Erdogan told reporters in the capital Ankara after a Cabinet meeting. “We cannot forgive this attempt

Ugandan President Yoweri Museveni: Credit to Photo/AFP By Business Daily Africa Uganda is catching up with Kenya on military spending after Nairobi cut the defense budget for two years in a row while Kampala crossed the billion-dollar mark last year. Uganda’s military expenditure reached Sh123.1 billion ($1.066 billion) last year, an 8.3 percent increase from

Somalia fake 16 lawmakers MPs has been sworn into office in Mogadishu on Monday. Somalia’s President Mohamed Abdullahi Farmajo also called the two elections illegal and called for a national leadership conference to discuss the disputed seats. The 16 seats from the Gedo constituency were the final seats left to complete the 11th Parliament fake

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. Reuters/Leonhard Foeger//File Photo By Reuters Sterling fell on Monday to its lowest since September 2020 against a strengthening dollar and edged lower versus the euro, while money markets scaled back their bets

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, April 25, 2022. Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets’ expectations for higher interest rates continued to set the tone. (AP Photo/Kin Cheung) By

By Anadolu Agency Global military expenditure reached an all-time high of over $2 trillion in 2021, according to an international survey released Monday. Total military spending rose 0.7% from the previous year and reached $2.113 trillion, the Stockholm International Peace Research Institute (SIPRI) said. It said the global military burden, or world military expenditure as

French President and centrist candidate Emmanuel Macron shakes hands with well-wishers as he heads to the polling station in Le Touquet, northern France, Sunday, April 24, 2022. France began voting in a presidential runoff election Sunday with repercussions for Europe’s future, with centrist incumbent Emmanuel Macron the front-runner but fighting a tough challenge from far-right

File Photo: Saudi Arabia’s Crown Prince Mohammed bin Salman attends a meeting with U.S. Secretary of State Mike Pompeo in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via Reuters/File Photo By The Wall Street Journal Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and