Business

Dow loses 1,200 points, bond yields tumble as oil crashes

Trader Gregory Rowe prepares for the day’s activity on the floor of the New York Stock Exchange, Monday, March 9, 2020. Trading in Wall Street futures has been halted after they fell by more than the daily limit of 5%. (AP Photo/Richard Drew) Stocks fell sharply Monday on Wall Street on a combination of coronavirus

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Oil price slides on concern over OPEC-Russia deal on output

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, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak) The price of oil is slumping amid doubts that OPEC will succeed in agreeing

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Russian, Turkish leaders hold Syria meeting in Moscow

Turkish President Recep Tayyip Erdogan (L) meets Russian President Vladimir Putin (R) in Moscow, Russia on March 5, 2020. ( Mustafa Kamacı – Anadolu Agency ) Putin, Erdogan discuss situation in Syria’s restive province of Idlib The Russian and Turkish leaders on Thursday met in Moscow in the aftermath of an attack in Syria’s Idlib

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Top 10 Most Valuable Currencies in Africa 2020

A country’s currency tells a lot about its economy and living standards of the people. There is a huge misconception that the biggest and most popular nations often have the best currencies; this is false – especially when Africa is concerned. How do you think the big countries in rank concerning their currency in Africa

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Somali government has been entertaining to citizens last three years debt forgiveness which is untrue

Photo/ Somali Times Somalia’s debt, owed at five billion to ($ 5.3 billion), includes the United States ($ 1 billion), Italy ($ 600 million), France ($ 484 Million), United Arab Emirates ($ 256 Million), Kuwait ($ 171 Million), Russia ($ 148 million), Saudi Arabia ($ 109 Million), Japan ($ 96 Million) and the United Kingdom

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Shell, Exxon on road to Somalia re-entry

A Shell logo sits on a sign at a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands, on Wednesday, July 25, 2018. Shell is scheduled to release earnings figures on July 26. Photographer: Jasper Juinen/Bloomberg By Ed Reed Somalia has reached an “initial roadmap” with a Shell and ExxonMobil joint venture on

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Who will win the 2021 general election in Somalia?

Photo/Somali Times/ Dahir Gelle candidate president in Somalia 2021. Dahir Gelle candidate president in Somalia 2021. According to Wikipedia. Ambassador Dahir Mohamud Gelle (Somali: Daahir Maxamuud Geele, Arabic: is a Somali diplomat and politician. Ambassador Dahir was born in Mogadishu in 1966. Having completed his primary and secondary education in Mogadishu, Dahir earned a Bachelors

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Coronavirus spreads in three continents; $5 trillion wiped off markets

Employees work on a medical supply production line at a factory in Huaian, Jiangsu province, China February 28, 2020. China Daily via REUTERS Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities in expectation of a global recession. Coronavirus panic

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Top 10 African Countries to Invest in 2020

Nigeria African countries are becoming more strategic in creating healthy business environments and chasing investments Stakeholders attribute the success of viable economies to high foreign investments – which is only possible through creating enabling business environments. Africa’s unhealthy dependency on its natural resources has been criticized and continues to have a double effect on its

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Oil prices hit 14-month low with coronavirus fears

Brent oil price hits lowest level since Dec. 28, 2018 Crude oil prices fell to their lowest levels in 14 months on Thursday as coronavirus fears continue to breed low global oil demand and a downward pressure on prices. Brent crude was trading at $51.91 per barrel at 0655 GMT on Thursday for a 1.74%

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