Business

Johnson gets boost in race for UK PM’s job as former rival backs him

PM hopeful Boris Johnson arrives at the Parliament in London, Britain, June 17, 2019. REUTERS/Hannah Mckay Boris Johnson got a boost in his bid to replace British Prime Minister Theresa May on Monday when one of his former rivals backed him and said he was almost certain to win the contest. Health Secretary Matt Hancock,

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Philippines: External debt hits $80B in Q1

By MAYVELIN U. CARABALLO, TMT THE country’s outstanding external debt reached $80.431 billion in the first quarter of 2019, up from figures posted three months and a year earlier, data released by the Bangko Sentral ng Pilipinas (BSP) showed. In a statement, the central bank said the amount was $1.471 billion higher than the $78.960

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Saudi seeks oil supply protection as U.S. and Iran face off

FILE PHOTO: An oil tanker is seen after it was attacked at the Gulf of Oman, in waters between Gulf Arab states and Iran, June 13, 2019. ISNA/Handout via REUTERS Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers

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Somali Deputy Prime Minister Opens Diaspora Conference in Istanbul

Photo/Somali Times Istanbul, Somali Times Somali Deputy Prime Minister and Minister of Foreign Affairs; Mahdi Mohamed Guled, officially opened a new Somali diaspora in the city of Istanbul, Turkey. The lasts for four days, was talking re-negotiate, trade and environmental issues, with a particular focus on the challenges and opportunities that can benefit from. The

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Shanghai Cooperation Organization declaration calls for greater cooperation

Kyrgyzstan hosts 19th summit of Shanghai Cooperation Organization with leaders from 8-member states, 4 observer countries The Shanghai Cooperation Organization (SCO) on Friday adopted the Bishkek Declaration, calling for greater cooperation among member countries. After their speeches in plenary session in Kyrgyz capital Bishkek, the eight heads of SCO member states signed documents focusing on

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Mogadishu Governor delivers speech development and security progress

Photo/Somali Times Mogadishu, Speech Eng. Abdirahman Omar Osman Mayor of Mogadishu & Governor of Benadir Regional Administration (SDRF) Meeting, 12 June 2019, Mogadishu Deputy Prime Minister, Members of Cabinet, Members of Parliament, Ambassadors, Heads of development agencies, UN Agencies, Distinguished co-chairs, Distinguished guests, Chairperson of the Independent Election Committee, ladies and gentlemen, I would like

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Rouhani: Japan wants to keep buying Iranian oil

Iranian President Hassan Rouhani shakes hands with Japan’s Prime Minister Shinzo Abe, during a welcome ceremony in Tehran, Iran, June 12, 2019. Official Iranian President website/Handout via REUTERS Iranian President Hassan Rouhani said after meeting Japanese Prime Minister Shinzo Abe in Tehran on Wednesday that Japan wants to keep buying Iranian oil, as tension between

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Google makes billions from news websites without paying publishers, study finds

Photo/AFP Google took in some $4.7 billion in revenue in 2018 from “crawling and scraping” news websites without paying publishers, according to an industry-sponsored study released Monday which was disputed by the tech giant and media analysts. The study by the News Media Alliance underscores industry arguments about Google and other online giants harming traditional

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A rebounding Somalia is ready to welcome back those who left, ambassador says

In Augsburg speech, ambassador says skilled workers and investment are needed for country’s “rebirth.” Somalia’s economy is growing. Its government is stabilizing. And for any of those who have left it for places like Minnesota and are thinking of moving back, the country is ready for them. That was the message Monday from Minister of

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Tanzania and Uganda freeze exchange of Kenyan bank notes

Bank of Tanzania has been advised to freeze CBK Currency Collection Account The Bank of Tanzania has frozen exchange of Kenyan bank notes with immediate effect. Through a letter addressed to all financial institutions on Friday, the Tanzanian bank regulator said the Central Bank of Kenya had informed it of assurance of new series of

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