Rising fuel costs and seating surplus push Lufthansa into loss

Photo Reuters Lufthansa reported an operating loss of 336 million euros (£290.4 million) for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe, sending its shares down on Tuesday. Germany’s biggest airline said in an after-hours update on Monday that a 202 million euro rise in fuel

Read More

Has Anyone Told Donald Trump What He Just Ordered in Somalia?

By Joshua Keating, A Somali soldier holds a machine gun at Sanguuni military base, where an American special operations soldier was killed by a mortar attack on June 8, about 450 kilometers south of Mogadishu, Somalia, on June 13. Mohamed Abdiwahab/Getty Images Stop me if you’ve heard this one before: The U.S. is committing itself

Read More

African Union urges civilian rule in Sudan

Bloc threatens Sudan with suspension if civilian rule not established in 15 days The African Union (AU) on Monday urged the leaders of Sudan’s interim military council to handover political power to an elected civilian administration or face automatic suspension. Speaking to reporters at the end of the bloc’s Peace and Security Council meeting, Nigeria’s

Read More

IMF tips Kenya economy to hit Sh10trn this year

Treasury CS Henry Rotich The size of Kenya’s economy is projected to reach the Sh10.1 trillion mark this year, the latest statistical estimates by the International Monetary Fund (IMF) have shown. This will mark the largest absolute expansion in recent years, with the gross domestic product (GDP) estimated to rise by Sh1.1 trillion from Sh9

Read More

U.S. Support for Somalia Resiliency and Overcoming Humanitarian Crises

Mogadishu , U.S. Ambassador to Somalia Donald Y. Yamamoto held a roundtable discussion with organizations that work with the people and government of Somalia to overcome humanitarian crises. Joining Ambassador Yamamoto were representatives from: UN World Food Program, UN Food and Agriculture Organization, UNICEF, Mercy Corps, International Medical Corps, UNHCR, and IOM. Each expressed commitment

Read More

Asian shares advance on US-China trade hopes

Photo (AP) Asian markets were mostly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index rose 0.6% to 3,207.87, after gaining close to 2% in early trading. Japan’s Nikkei 225 index jumped 1.4% to 22,169.11. The Kospi in South Korea

Read More

Egypt parliament to vote Tuesday on constitutional changes – speaker

Photo Reuters Egypt’s parliament will vote on Tuesday on constitutional amendments including an extension to President Abdel Fattah al-Sisi’s current four-year-term, its speaker, Ali Abdelaal, said on Sunday. Proposed constitutional amendments had previously suggested that Sisi would be allowed to seek two new six-year terms after his current one expires in 2022. But according to

Read More

Tiger Woods makes Masters 15th and most improbable major

Golf – Masters – Augusta National Golf Club – Augusta, Georgia, U.S. – April 14, 2019. Tiger Woods of the U.S. celebrates on the 18th hole to win the 2019 Masters. REUTERS/Lucy Nicholson AUGUSTA, Ga. (AP) — Fallen hero, crippled star, and now a Masters champion again. Tiger Woods rallied to win the Masters for

Read More

Pelosi calls on Trump to take down his tweet of Omar video

WASHINGTON (AP) — House Speaker Nancy Pelosi announced Sunday that she has taken steps to ensure the safety of Rep. Ilhan Omar following President Donald Trump’s retweet of a video that purports to show the Minnesota Democrat being dismissive of the Sept. 11 terrorist attacks. The California Democrat also called on Trump to take down

Read More

Arab Spring comes later in Sudan and Algeria

Photo Reuters The armed forces of Algeria and Sudan, which pushed out the long-serving rulers of those countries after mass protests, are following a script that has failed millions of Arabs since the 2011 uprisings. Those “Arab Spring” upheavals raised hopes of political and economic reforms in countries such as Egypt, where the army watched

Read More