Business

China Focus: African ministers in Beijing to discuss closer cooperation with China

Chinese State Councilor and Foreign Minister Wang Yi held talks or meetings here Sunday with foreign ministers from eight African countries, who are here to attend the upcoming coordinators’ meeting on the implementation of the Forum on China-Africa Cooperation (FOCAC) Beijing Summit outcomes. The foreign ministers are Sierra Leone’s foreign minister Nabeela Tunis, Gabon’s foreign

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Exclusive: White House’s Kushner unveils economic portion of Middle East peace plan

White House senior adviser Jared Kushner is interviewed by Reuters at the Eisenhower Executive Office Building in Washington, U.S., June 20, 2019. REUTERS/Kevin Lamarque The White House on Saturday outlined a $50 billion Middle East economic plan that would create a global investment fund to lift the Palestinian and neighboring Arab state economies, and fund

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Somali Minister of Petroleum has signed an agreement with Shell, Exxon Oil Company

Photo/Somali Times Mogadishu (Somali Times), The Minister of Petroleum and Minerals of Somalia have announced that it will the state-owned agreements with the Shell Exxon Oil Company. Minister of Minerals and Petroleum of the Somali Government Mr. Mohamoud Abdiqadir Hilal told the media that the ministry has signed an agreement with Shell Exxon Company International,

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Trump, Saudi prince discuss Iran ‘escalatory behavior’

Call comes amid heightened tensions in region following Iranian downing of US drone U.S. President Donald Trump spoke Friday with Saudi Crown Prince Mohamed bin Salman to discuss Iran’s “escalatory behavior.” In addition, the leaders “discussed Saudi Arabia’s critical role in ensuring stability in the Middle East and in the global oil market,” the White

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China’s Xi pushes economic reform at North Korea summit

In this Thursday, June 20, 2019, photo provided by the North Korean government, North Korean leader Kim Jong Un, right, and Chinese President Xi Jinping, left, watch a mass gymnastic performance at the May Day Stadium in Pyongyang, North Korea. The content of this image is as provided and cannot be independently verified. (Korean Central

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Arab League Parliament ‘warns’ Kenya, stop its hands on Somali territorial waters

Photo/Somali Times “The Arab Parliament calls on Kenya to stop its hands on Somali territorial waters, which are an integral part of the Arab waters, and rejects its false pretensions to draw up a new, unfounded map while rejecting its threats to interfere in Somalia’s internal affairs,” read a tweet by the Somali Ministry of

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Britain acted unlawfully on Saudi arms exports, court rules

Photo/Reuters A British court on Thursday ruled that the British government had acted unlawfully in allowing arms exports to Saudi Arabia that might have been used in the conflict in Yemen. “The Court of Appeal has concluded that the process of decision-making by the government was wrong in law in one significant respect,” judge said

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The Latest: Johnson takes bigger lead in race to lead UK

British Conservative party leadership contender Boris Johnson gets in a car as he leaves his home in south London, Tuesday, June 18, 2019. Contenders for leadership in Britain’s ruling Conservative Party to become the next Prime Minister, jostled for attention Monday as the race narrowed into a contest to seize the mantle of challenger to

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Johnson gets boost in race for UK PM’s job as former rival backs him

PM hopeful Boris Johnson arrives at the Parliament in London, Britain, June 17, 2019. REUTERS/Hannah Mckay Boris Johnson got a boost in his bid to replace British Prime Minister Theresa May on Monday when one of his former rivals backed him and said he was almost certain to win the contest. Health Secretary Matt Hancock,

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Philippines: External debt hits $80B in Q1

By MAYVELIN U. CARABALLO, TMT THE country’s outstanding external debt reached $80.431 billion in the first quarter of 2019, up from figures posted three months and a year earlier, data released by the Bangko Sentral ng Pilipinas (BSP) showed. In a statement, the central bank said the amount was $1.471 billion higher than the $78.960

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