Business

‘Turkey, Italy will boost bilateral trade to $30B in 5 years’

Italian firms see Turkey as alternative to Chinese supply chains, says head of Italian Chamber of Commerce and Industry Bilateral trade between Turkey and Italy will exceed $20 billion this year and the two nations will increase it to above $30 billion within five years, the head of the Italian Chamber of Commerce and Industry

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Abu Dhabi crown prince in Turkey for first visit in nearly a decade

Turkish President Recep Tayyip Erdogan (R) welcomes Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (L) with an official ceremony at the Presidential Complex in Ankara, Turkey on November 24, 2021. ( Ali Balikci – Anadolu Agency ) By Anadolu Agency Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed Al Nahyan Wednesday arrived in

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Israel, Morocco ink defense deal after normalizing ties

Israeli Defence Minister Benny Gantz, center, visits the Mausoleum of King Mohammed V, in Rabat, Morocco, Wednesday, Nov. 24 2021. Israel and Morocco signed a landmark agreement Wednesday that lays the foundation for security cooperation, intelligence sharing, and future arms sales. (AP Photo/Ilan Ben Zion) Associated Press By ILAN BEN ZION Israel and Morocco signed

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UK inflation jumps to highest level in 10 years as energy bills soar

The UK energy regulator, Ofgem, lifted its cap on household bills on the back of rising wholesale gas prices to record levels. Photograph: Clynt Garnham Products/Alamy The Guardian By Richard Partington Increase to 4.2% in October from 3.1% also driven by higher prices in restaurants and hotels UK inflation has increased to its highest level

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Dollar set for biggest weekly rise in 5 months as yields rise

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking By Reuters The U.S. dollar edged higher on Friday and is on track for its biggest weekly rise in five months since a surprisingly strong U.S. inflation print shocked markets and prompted

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Crypto market value hits $3T, Bitcoin near all-time high

By Anadolu Agency Bitcoin’s market cap at $1.3T surpasses value of Tesla and Meta, formerly known as Facebook The total value of the cryptocurrency market hit a record $3 trillion on Monday, while Bitcoin was trading close to an all-time high, The market capitalization of cryptocurrencies stood at almost $3.03 trillion at 12.05 p.m. EDT,

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China hits out at the US over Kenya military base claim

Chinese People’s Liberation Army personnel at the opening of China’s new military base in Djibouti in August 2017. The base is a mere 16km from Camp Lemonnier, the only permanent US military base in Africa, Credit to/AFP. By Business Daily Africa China has dismissed the US’s claims that Beijing is seeking to establish a military

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UK shares near record cheap levels after Brexit, says J.P.Morgan

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville By Reuters Britain’s shares are near “record cheap” levels as they have lagged their global peers since the Brexit vote, J.P. Morgan said on Monday, boosting its rating of UK stocks. The brokerage upgraded UK stocks

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US issues warnings over China plan for military bases in Kenya

By Business Daily Africa The US has raised the alarm over alleged plans by China to establish a military base in Kenya and extend its grip beyond economic and investment ties, It claimed that the planned base in Kenya is part of China’s pursuit of a global military logistics network to counter the existing interests

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What is the agreement of Somalia sharing resources?

Photo/Somali Times Further details can be found in the formal agreement reached on the country’s resource-sharing system, which has been under way for some time, and is being pursued by the federal and state governments. The ministerial committee responsible for advising and deciding on resource issues has finally jointly approved an agreement on the country’s

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