Stocks sink, bonds soar on fears virus will stunt economy

In this Feb. 24, 2020, file photo specialist Erica Fredrickson works with a colleague on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 25. (AP Photo/Richard Drew, File) Stocks slumped again on Wall Street Tuesday, piling on losses a day after the market’s

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Mubarak, the ‘Pharaoh’ toppled by the Arab Spring, dies at 91

Photo/ Reuters Hosni Mubarak, who died on Tuesday, never expected to be president. But when a very public assassination thrust the former bomber pilot into the job, he made it his mission never to give it up. His story became Egypt’s story for the next 30 years until, finally, his people found they could write

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UN envoy urges Somalia’s leaders to work together

The U.N. envoy for Somalia urged the country’s leaders on Monday to take “bold steps” to ensure that 2020 sets the fragile Horn of Africa country on a trajectory to peace and stability, not more political division and increasing extremism. James Swan said Somalia and its international partners agreed in October on the priorities Somalia

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Somali envoy calls on Naval Chief

Ambassador of Somalia Khadija Mohamed Al-Makhzoumi Monday called on Chief of Naval Staff Admiral Zafar Mahmood Abbasi during her visit to Naval Headquarters here. Both the dignitaries discussed matters of bilateral naval collaboration and mutual interest, said a Pakistan Navy press release. The Naval Chief highlighted the Pakistan Navy’s efforts for ensuring regional maritime security

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Dozens hurt as car plows into German carnival parade

Police forensic officers work at the scene after a car ploughed into a carnival parade injuring several people in Volkmarsen, Germany February 24, 2020. REUTERS/Thilo Schmuelgen A German man plowed his car into a carnival parade in the western town of Volkmarsen on Monday, injuring 30 people including children, police said, adding it was too

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Civil war looting property 1991: Mogadishu mayor returns to property right owner Ali

Photo/ Somali Times Mogadishu-Mayor Omar Mohamoud Mohamed. Civil war looting property 1991 returns to property right owner Ali 30 years looters occupied illegal by force still many properties being occupied by force in Mogadishu over. Half million properties still occupied Somali Times investigated. Benadir administration returns Somali citizen to his home. Mogadishu mayor said. “We

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US working with Pakistan against terrorism, says Trump in India

U.S. President Donald Trump has said that his administration was working with Pakistan in a “very positive way” in the fight against terrorism. Addressing more than 100,000 people at a stadium in Ahmedabad, capital of India’s western province of Gujarat, Trump said: “The United States and India are committed to working together to stop terrorists

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Kenya: Somalis rubbish census results, claim higher figures

Group allege manipulation of figures as schoolchildren number, voters population tell a different story. They argued it is not statistically possible the community’s population has only increased by 400,000 in 10 years. Experts and political observers agree that the Somali community is turning to be the next big thing on matters of numbers. The Somali

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Forex deposits drop after demonetisation

CBK governor Patrick Njoroge Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK data shows that the deposits fell in November to Sh612.5 billion compared to the previous month when it had reached the year’s peak of Sh625.4

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10,000 mourn victims of racist shooting rampage in Germany

Thousands of people take part in a funeral march in Hanau, Germany, Sunday, Feb. 23, 2020. Several people were killed in a shooting in the central German city late Wednesday, Feb. 19, 2020. (Nicolas Armer/dpa via AP) Around 10,000 protesters marched through the central German town of Hanau on Sunday to mourn the nine people

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