Business

Johnson faces revolt over plan to break Brexit treaty

Britain’s Prime Minister Boris Johnson speaks during a virtual news conference on the ongoing situation with the coronavirus disease (COVID-19), at Downing Street, London, Britain September 9, 2020. Stefan Rousseau/Pool via REUTERS LONDON (Reuters) – British Prime Minister Boris Johnson will try to persuade rebellious lawmakers in his party to vote on Monday for a

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Boris Johnson defends Brexit change to avoid UK ‘carve-up’

In this Wednesday, Sept. 9, 2020 file photo, Britain’s Prime Minister Boris Johnson leaves Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. British Prime Minister Boris Johnson has strongly defended his controversial plan to override sections of the Brexit deal that he negotiated with the European Union, arguing

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Lloyd’s of London expects £5bn in Covid-19 insurance payouts

Credit: The Guardian Photograph: Neil Hall/EPA Lloyd’s of London, the world’s biggest insurance market, said it expected up to £5bn would be paid out in claims related to the coronavirus pandemic. The insurers that operate in the Lloyd’s market are paying out Covid-19 claims in 16 different insurance areas, mostly related to event cancellations but

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Israel, UAE to sign deal at White House next week

Israeli National Security Advisor Meir Ben-Shabbat, center left, elbow bumps with an Emirati official as he leaves Abu Dhabi, Arab Emirates, Tuesday, Sept. 1, 2020. (Nir Elias/Pool via AP) Israel and the United Arab Emirates will sign their historic deal normalizing relations at a White House ceremony on Sept. 15, officials said Tuesday. Senior delegations

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Britain donates military vehicles to the Somali government

Photo/Somali Times The Somali government’s Ministry of Defense has received a large number of military vehicles from the British government, one of the main donors in Somalia. The handover ceremony in the capital Mogadishu was also attended by members of the British contingent, the commander of the 60th Division of the Somali National Army and

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Dubai sells $2bn in bonds for first time in six years

Central Bank of UAE [Achilver/wikipedia] The government of Dubai has sold $2 billion in Islamic and conventional bonds, in its first sale to international debt markets in six years. The sale included $1 billion in ten-year sukuk, or Islamic bonds, and $1 billion in 30-year conventional bonds, Reuters reported. The coronavirus pandemic has affected all

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Somali regulator plots course through political quagmire

Photo/Somali Times The establishment of the Somali Petroleum Authority and launch of a licensing round may be undermined if the replacement of the ousted prime minister is not seen as legitimate Somalia has passed several key milestones on the long journey to establish a hydrocarbons industry. But maintaining legitimacy of the process in a fragmented

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Budget deficit to hit record $3.3T due to virus, recession

FILE – In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the

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Foreign investor holdings fall at NSE on selling spree in Kenya

The volume of shares held by foreign investors at the Nairobi Securities Exchange (NSE) has dropped in the past one year following sustained selling by the investors in a bear market. Data from the Capital Markets Authority (CMA) shows that foreign investors held 18 percent of the issued shares at the Nairobi bourse by the

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U.S. says China ‘bullying’ UK, cites HSBC Hong Kong-related accounts

Photo: Credit Reuters/Tyrone Siu/A Chinese national flag flies in front of HSBC headquarters in Hong Kong U.S. Secretary of State Mike Pompeo on Wednesday renewed criticism of British Bank HSBC for its reported treatment of customers linked with the pro-democracy movement in Hong Kong, saying China was “bullying” the United Kingdom. Pompeo cited unverified reports

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