Business

British PM Johnson bids for election as opponents seek to stop no-deal Brexit

Britain’s Prime Minister Boris Johnson, Chancellor of the Duchy of Lancaster Michael Gove (L), and leader of the House of Commons Jacob Rees-Mogg (R) attend in the House of Commons in London, Britain September 3, 2019. ©UK Parliament/Jessica Taylor/Handout via REUTERS British Prime Minister Boris Johnson will try to call a snap election on Wednesday

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Opponents of ‘no-deal’ Brexit defeat British PM Johnson in parliament

Britain’s Prime Minister Boris Johnson speaks after the announcement of the result of the vote in in the Parliament in London, Britain, Spetember 3, 2019, in this still image taken from Parliament TV footage. Parliament TV via REUTERS A cross-party alliance defeated Prime Minister Boris Johnson in parliament on Tuesday in a bid to prevent

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Asian stocks lower after US-China trade jitters resurface

Photo (AP) Asian stock markets were mostly lower Tuesday after investor jitters over U.S.-Chinese trade tension were revived by a report negotiators cannot agree on a schedule for talks this month. Tokyo’s market benchmark advanced while Shanghai, Hong Kong and South Korea declined. Markets reacted less strongly to last weekend’s U.S. and Chinese tariff hikes

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Who will be the next elected president of Somalia in six months?

Photo/Somali Times Villa Somalia power sharing members of the opposition parties. Mogadishu,. Somali Prime Minister Hassan Ali Khaire today welcomed the members of the opposition parties. in Villa Somalia MP Abdirahman Odawa, who recently announced that he is a candidate for the post of Galmudug president, MP Mahad Salad, MP Fiqi was among those attending.

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Latest US, Chinese tariff hikes take effect in trade war

President Donald Trump talks with reporters on the South Lawn of the White House in Washington, Friday, Aug. 30, 2019, en route to Camp David in Maryland. (AP Photo/Carolyn Kaster) The United States and China went ahead with their latest tariff increases on each other’s goods Sunday, potentially raising prices Americans pay for some clothes,

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African Development Bank chief seeks bold Japanese investment in Africa

African Development Bank President Akinwumi Adesina has called on Japanese companies to be bolder about making investments in Africa. “Now Japanese companies should be bolder,” Adesina said in an interview Friday. In Africa, there are major business opportunities for Japanese firms in such fields as energy, medicine and digital industries, he suggested. “I recognize Japanese

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Dubai’s Al Maktoum airport expansion delayed again amid slow GDP growth in Gulf

Photo (AP) Dubai is once again putting on hold expansion works for its second airport Al Maktoum International, which will ultimately handle more than 260 million passengers a year, amid subdued economic performance in the Gulf. Speaking to Bloomberg, Dubai Airports said “exact timelines and details of next steps are not as yet finalized” as

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Japan pushes need for sustainable African development in dig at China

Conference wraps up with nod to Tokyo’s vision for a free and open Indo-Pacific Leaders from Japan and Africa on Friday agreed on the need for infrastructure development that takes into account a country’s ability to pay off debt, a veiled reference to China’s lending practices on the continent. “We believe that quality infrastructure that

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Japan supports peace, stability in Horn of Africa

With international logistics becoming more vigorous, Horn of Africa even more important hub: Japanese prime minister Japan’s prime minister on Thursday stressed Tokyo’s supportive stance for peace building in the Horn of Africa, highlighting the link between achieving peace and reaping economic fruits in the region and the neighboring regions. Prime Minister Shinzo Abe hailed

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Djibouti has ‘no choice’ but China for infrastructure development

Aboubaker Omar Hadi, chairman of the Djibouti Ports and Free Zones Authority, speaks at the Tokyo International Conference on African Development on Aug. 29 in Yokohama. (Photo by Akane Okutsu) East African country hungry for other investors, says port authority head Africa’s Djibouti Ports and Free Zones Authority, operator of the strategic East African country’s

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