Business

UK’s winter election: What’s in it for markets?

A broker looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson Britain’s election on Thursday is widely referred to as the most important in a generation given the impact it will have on the country leaving the European Union and choosing between starkly

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Turkey may tell US to withdraw from Incirlik, FM says

Credit: Anadolu Agency Turkey will consider requesting the U.S. to withdraw from Incirlik Air Base if Washington imposes sanctions on Ankara, Foreign Minister Mevlüt Çavuşoğlu said Wednesday. In an exclusive interview on A Haber news channel, Çavuşoğlu highlighted that Turkey will consider all options if the U.S. imposes sanctions in response to the purchase of

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Debt forgiveness for Somalia would reward corruption, empower al-Shabaab

Photo/Somali Times When Somali Finance Minister Abdirahman Duale Beileh visited Washington for the annual meeting of the World Bank and International Monetary Fund earlier this fall, he was all smiles. “Things are looking up. Everybody was positive,” he said, claiming progress in Somalia’s goal to win nearly $5 billion in debt relief. That debt includes

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The European Union has announced a €170 million aid package to support Ethiopia’s economic reform

The European Union has announced a €170 million aid package to support Ethiopia’s economic reform, health, elections and climate change. Newly elected EU Commission president Ursula von der Leyen announced the support to the Horn of African nation Saturday during a first visit to Ethiopia and outside Europe since her election last month. The EU

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OPEC debates deeper production cuts to push up oil price

Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak) The countries that make up the OPEC oil-producing cartel are meeting Thursday to decide whether to cut down

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Trump aims for role of NATO statesman but mars unity message

NATO Secretary General Jens Stoltenberg, left, and British Prime Minister Boris Johnson, right, welcome U.S. President Donald Trump during a NATO leaders meeting at The Grove hotel and resort in Watford, Hertfordshire, England, Wednesday, Dec. 4, 2019. NATO Secretary-General Jens Stoltenberg rejected Wednesday French criticism that the military alliance is suffering from brain death, and

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Division pervades NATO as the ‘brain dead’ meet the ‘delinquent’

NATO leaders and Secretary General Jens Stoltenberg pose for the family picture at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Yves Herman NATO leaders gathered at a golf resort near London on Wednesday for a summit acrimonious even by the standards of the Trump era, aiming to tackle sharp disagreements over spending,

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Nairobi residentials good buys, realtor says

An exclusive private gated housing project in Karen. Knight Frank says Nairobi residential properties remain an attractive buy International realtor Knight Frank says Nairobi residential properties remain an attractive buy for rich families and global investors amid a 5.4 percent price drop in the last nine months. In its third-quarter report that reviewed high-end house

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Stocks fall as Trump downplays chances of China trade deal

FILE – In this Nov. 14, 2019, file photo specialist James Denaro, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Dec. 2. (AP Photo/Richard Drew, File) Global shares turned lower on Tuesday amid pessimism over a

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The EU ushers in its new heads of commission and council

From left, European Central Bank President Christine Lagarde, European Parliament President Sassoli, European Commission President Ursula von der Leyen, and European Council President Charles Michel pose for photographers as they mark the 10th anniversary of the entry into force of the Lisbon Treaty at the House of European History in Brussels, Sunday, Dec. 1, 2019.

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