Business

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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World shares post modest losses in ‘Black Friday’ retreat

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 29, 2019. Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions. (AP Photo/Lee Jin-man) Shares fell in Europe after another day of

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Somalia President Farmajo receives warm welcome in Addis Ababa

Photo/Somali Times Addis Ababa, The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Farmajo and delegation arrived in the Ethiopian capital, Addis Ababa, as they attend the IGAD regular summit. Bole International Airport in Ethiopia was welcomed  President Farmajo and his delegation by Sahle-Work Zewde and other members. Leaders of IGAD countries are

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Somali president Farmajo travel to Ethiopia

Photo/Somali Times Mogadishu, The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Farmajo and delegation have traveled to Addis Ababa, where they will attend the Intergovernmental Authority on Development (IGAD) Summit. Leaders of IGAD countries are discussing a new reform plan of the Intergovernmental Authority on Development (IGAD), on the basis that the

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Sterling touches near seven-month high against euro after YouGov poll

Pound coins are seen in this photo illustration taken in Manchester, Britain September 6, 2017. REUTERS/Phil Noble/File Photo Sterling briefly touched near seven-month highs against the euro and rose against the U.S. dollar after a poll suggested Britain’s governing Conservative Party would win a comfortable majority in the Dec. 12 election. British Prime Minister Boris

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Central Bank of Kenya rejects bailout for State in row over billions

CBK Governor Patrick Njoroge The Central Bank of Kenya (CBK) has defied an order from the Treasury for State agencies to surrender cash and Treasury bills, saying that the banking regulator is not in the business of bailing out a cash-strapped government. CBK Governor Patrick Njoroge Tuesday said it would not be coaxed to surrender

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Somali Foreign Minister meets with Saudi counterpart

Photo/Somali Times The Minister of Foreign Affairs and International Co-operation, Ahmed Issa Awad, met yesterday in Saudi Arabia with Saudi counterpart Amir Faisal Bin Farhan Bin Abdallah, in Jeddah, Saudi Arabia. They also discussed efforts to strengthen bilateral relations and joint cooperation in all areas, and ways to achieve the interests between Mogadishu and Riyadh,

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