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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Israeli-owned ship docked in Dubai after mysterious blast

The Israeli-owned cargo ship, Helios Ray, sits docked in port after arriving earlier in Dubai, United Arab Emirates, Sunday, Feb. 28, 2021. The ship has been damaged by an unexplained blast at the gulf of Oman on Thursday. (AP Photo/Kamran Jebreili) By ISABEL DEBRE An Israeli-owned cargo ship that suffered a mysterious explosion in the

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Vaccine passport idea in EU ‘shameful’: Serbia

By Talha Ozturk Serbian President Aleksandar Vucic says he is shocked by idea, describing it as ‘meaningless’, ‘anti-European’ Serbian President Aleksandar Vucic on Saturday criticized the idea of a COVID-19 vaccine passport, describing it as “shameful.” Tourist-reliant European nations such as Greece and Spain have urged the quick adoption of an EU-wide certificate for travelers

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Khashoggi murder: Bahrain, UAE reaffirm support for Saudi Arabia after CIA report

Protesters in London demonstrate against former president Donald Trump, Saudi Arabia and the UAE (MEE/Kaamil Ahmed) Bahrain and the United Arab Emirates (UAE) stood behind Saudi Arabia’s position on a newly released CIA intelligence report that blames Crown Prince Mohammed bin Salman for the killing of journalist Jamal Khashoggi. Manama said on Friday that it

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Europe to loosen coronavirus measures starting in March

Several European countries are starting to loosen coronavirus measures at the beginning of March after months of lockdowns. Germany Germany, on Feb. 10, extended its coronavirus lockdown to March 7 due to concerns about highly contagious variants after Chancellor Angela Merkel’s met with premiers of 16 federal states via videoconference. They agreed on a plan

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