Business

Asian stocks mostly lower after Wall Street highs

People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 26, 2021. Asian shares opened mixed on Monday after stocks rallied to records on Wall Street, with the Dow Jones Industrial Average closing above the 35,000 level for the first time. (AP Photo/Vincent Yu) By

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Ivory Coast to become regional medicine hub with $300 mln IFC loan, PM says

Ivory Coast’s Prime Minister Patrick Achi at the presidential palace in Abidjan, Ivory Coast April 7, 2021. REUTERS/Luc Gnago/File Photo A World Bank programme to help medical clinics in Ivory Coast procure equipment from General Electric (GE.N) and Philips (PHG.AS) could spur the cocoa-producing country’s development into a regional medical hub, Prime Minister Patrick Achi

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New Somalia law seeks to rescue fisheries from looters

Somali vendors offload a catch from fishing boats. Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force. File AFP Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force, and which will provide uniform regulation in

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Biden bids Merkel farewell: Friends — with disagreements

President Joe Biden meets with German Chancellor Angela Merkel in the Oval Office of the White House, Thursday, July 15, 2021, in Washington. (AP Photo/Evan Vucci) By AAMER MADHANI, ALEXANDRA JAFFE and FRANK JORDANS WASHINGTON (AP) — Welcoming Angela Merkel to the White House for a final time, President Joe Biden renewed his concerns to

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US ban dims Safaricom loans for Ethiopia entry

Safaricom headquarters on Nairobi’s Waiyaki Way. By BRIAN NGUGI Safaricom’s plans to expand to Ethiopia have been complicated by a US State financier threatening to recall its loans following escalation of armed conflict in the horn of Africa nation. The US International Development Finance Corporation (DFC) says that the acts of violence against civilians in

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East Med energy could be key to improving Turkey-Israel relations

By Murat Temizer Turkey is the closest and most logical market for Israel’s natural gas, says expert The change of administration in Israel has ushered in an opportunity to improve energy relations between Turkey and Israel, according to Oguzhan Akyener, the president of Turkey’s Energy Strategy & Political Research Center (TESPAM) on Tuesday. Akyener told

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Turkey becomes one of world’s leading manufacturers of armed drones: Le Monde

Rise of Turkish drones, widespread use on battlefields is ‘indisputable phenomenon,’ says French newspaper Turkey has become one of the world’s leading manufacturers of armed unmanned aerial vehicles in just 15 years, French newspaper Le Monde said Friday. The newspaper examined Turkish armed drones (SIHA) under a separate title, “A technology at the service of

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Rich nations should put $30 bln of IMF cash towards Africa investments – African ministers

A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo Rich countries should reallocate at least $30 billion of new money from the International Monetary Fund towards investments in Africa to help countries battling

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Kenya fails to ink Sh16bn JKIA rail contract in Paris

President Uhuru Kenyatta is received by his French host Emmanuel Macron at Elysee Palace at the start of his official visit to France on Wednesday evening. By BONFACE OTIENO Kenya failed to ink a financial deal for the construction of a railway line linking Jomo Kenyatta International Airport to Nairobi’s city centre during President Uhuru

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Italy eases curbs on arms sales to Saudi Arabia and UAE

Photo: Credit Anadolu Agency Italy has loosened restrictions on arms exports to Saudi Arabia and the United Arab Emirates, government sources said on Tuesday, in a move aimed at easing diplomatic tensions with the two Gulf states. Italy halted the sale of thousands of missiles to Saudi Arabia and the UAE in January, citing at

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