Business

Germany is keen to pursue gas projects with Senegal, says Scholz on first African tour

Senegal’s president Macky Sall and German Chancellor Olaf Scholz hold a press conference at the presidential palace in Dakar, Senegal May 22, 2022. Reuters/ Ngouda Dione By Reuters Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop

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Oil firms on tight supply as U.S. driving season looms

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Reuters /Richard Carson/File Photo By Reuters Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the

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Cryptocurrencies continue to fall as losses hit $1 trillion

By Anadolu Agency The decline that started in November last year in the crypto money market continued with the acceleration of escape from risky assets in a high inflationary environment, Bitcoin and Ethereum carried their downward trends to a seventh consecutive week with losses in the market where reliability is questioned due to recent events

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European Union talks with president Hassan Sheikh on suspended anti-piracy operation to keep controlling Somalia waters as colony

EU Foreign Policy Chief Josep Borrell: Credit to Photographer Olivier Matthys /The Associated Press The European Union has discussed with Somalia’s new corrupt president Hassan Sheikh Mohamoud for Operation Atlanta and if the EU bribe Hassan Sheikh he might sign the contract for Somalia waters to be controlled and used by the EU according to

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Russia halts natural gas delivery to Finland

By Anadolu Agency Russia stopped the natural gas delivery to Finland’s energy firm Gasum due to a lack of payments, Gazprom said on Saturday. According to a written statement by the firm, Finland had to make payments in rubles as of April for the natural gas delivery, Gazprom said and added that deliveries to Gasum

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Qatar to boost investment in Spain by $4.9 billion

The Emir of Qatar Sheikh Tamim bin Hamad Al Thani, left, shakes hands with Spain’s Prime Minister Pedro Sanchez at the Moncloa Palace in Madrid, Spain, Wednesday, May 18, 2022. The emir of Qatar said that his energy-rich gulf state is set to boost investments in Spain by 4.7 billion euros (4.9 billion) dollars in

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UK inflation hits 40-year high of 9.0% as households suffer

People shop at a supermarket in London, Britain, December 24, 2021. Reuters/Kevin Coombs By Reuters British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis. Consumer price inflation hit 9% in April, the Office

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Ghana starts gold purchase programme to strengthen currency

A brick of gold is seen on an artisanal trader’s desk in Tarkwa, Ghana, File. Reuters/Matthew Mpoke Bigg By Reuters Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday, in a bid to strengthen the cedi currency

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Central African bank regulator reminds states of crypto ban

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. Reuters/Dado Ruvic/Illustration By Reuters Central Africa’s regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa which regulates the

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Biden hails ‘critical’ ties while hosting Southeast Asian leaders for summit

Crtedit to Photo Twitter /POTUS By Anadolu Agency US President Joe Biden hailed on Friday relations with Asian partners, saying the US relationship with southeast Asian nations is “critical” to meeting shared challenges. “We’re committed to a future where the rules and norms that have made possible so much growth and prosperity, and stability Indo-Pacific

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