Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song By Yingzhi Yang, Brenda Goh BEIJING (Reuters) – Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers

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Asian stocks sink after Wall St rises

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, March 2, 2021. Asian stock markets were mixed Tuesday after Wall Street rose as investor concern about possible higher interest rates receded. (AP Photo/Vincent Yu) BEIJING (AP) — Asian stock markets declined

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ICJ issues statement on Somalia-Kenya maritime case in March

The International Court of Justice (ICJ) has confirmed in a statement that it will hear the case of Somalia and Kenya again in March. The Hague tribunal said the trial would begin at 3:00 pm on March 15, 2021, at the Peace Palace in The Hague, Netherlands. ”Given the status of the COVID-19 pandemic, the

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Journalist Jamal Farah killed in Galkayo Puntland security officials are behind

Galkayo in Mudug region witnesses confirm to Somali Times that Jamal Farah Aden, a Puntland journalist was shot dead by unknown assailants. A group armed with pistols killed the journalist near the Sinai camp in north Galkayo tonight. The assailants fled the scene of the killing, and Puntland security forces arrived at the scene of

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European shares jump and bond markets recover; February PMIs in focus

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 25, 2021. REUTERS/Staff LONDON (Reuters) – European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about U.S. fiscal stimulus sent oil prices higher. After Asian stocks rallied overnight,

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Kenya calls former Somali officials to testify against their home country in the ICJ

Photo/Somali Times Former Somali Prime Minister Omar Abdurashid Ali Sharmarke, Sheikh Sharif Ahmed and Abdirahman Abdishakur Warsame stoically defended the Memorandum of Understanding agreement. They says it is necessary to show cooperation between neighboring states in order to demonstrate Somalia’s claim for an extension of its continental shelf. Which rejects the Somali parliament and International

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France’s Sarkozy faces jail sentence, denies corruption pact

Credit Associated Press Michel Euler, former French President Nicolas Sarkozy PARIS (AP) — The verdict is expected on Monday in a landmark corruption and influence-peddling trial that has put French former President Nicolas Sarkozy at risk of a prison sentence if he is convicted. Sarkozy, who was president from 2007 to 2012, firmly denied all

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Will end deal if US nukes found in Philippines: Duterte

President Rodrigo Duterte on Sunday said he will “immediately terminate” a bilateral military deal with Washington if US nuclear weapons are dumped in the Philippines. “I have made a declaration that we will adopt an independent foreign policy… I assured China that I will not allow nuclear armaments of America to be stored in the

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Biden says Saudi announcement to come Monday; White House plays down new steps

Credit: Reuters U.S. President Joe Biden By Steve Holland WASHINGTON (Reuters) – President Joe Biden on Saturday said his administration would make an announcement on Saudi Arabia on Monday, following a U.S. intelligence report that found Crown Prince Mohammed bin Salman had approved the killing of journalist Jamal Khashoggi. The Biden administration has faced some

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Budget 2021: Sunak’s £5bn plan to rescue high streets from collapse

The high street rescue plan will be announced by the chancellor, Rishi Sunak, in Wednesday’s budget. Photograph: Peter Nicholls/Reuters By Toby Helm and Denis Campbell The chancellor, Rishi Sunak, is to offer 700,000 shops, pubs, restaurants, hotels and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent

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