Business

Trump sues to block U.S. Congress subpoena for his financial records

FILE PHOTO: U.S. President Donald Trump rides in an SUV as the presidential motorcade drives to the Easter service at Bethesda-by-the-Sea Episcopal Church in Palm Beach, Florida, U.S., April 21, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – President Donald Trump on Monday filed suit to keep U.S. lawmakers from obtaining his financial records, the first salvo

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U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit

Photo Reuters The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. Officials in Asia opposed the expected move, pointing

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UN pays Sh3.75bn for Kenya troops in Somalia

The United Nations has resumed making refunds for Kenya troops in Somalia with a Sh3.75 billion pay in March, boosting Treasury’s cash reserves at the end of the third quarter of the current financial year ending June. Latest document on exchequer transactions by Treasury secretary Henry Rotich shows refunds from African Union Mission to Somalia

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Turkey makes ‘serious investments’ in F-35 project

Foreign minister says Turkey is partner of F-35, already pays around $1.2B for project Turkey is a partner of the project that developed the U.S. F-35 fighter jet and made “serious investments” towards this effort, Turkey’s foreign minister said on Friday. “So far, Turkey spent roughly $1.2 billion on this project and produced [parts] in

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Somalia, Egypt sign three agreements on enhanced ties

Somali Federal Government Minister of Foreign Affairs and International Cooperation, Mr. Ahmed Issa Awad, with Egyptian Foreign Minister Shoukry in Cairo on Thursday. The dialogue is focused mainly on brotherly relations and cooperation between Somalia and Egypt and the way to strengthen and develop a region that serves the interests of the two countries and

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Global stocks sink after Wall Street declines

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, April 18, 2019. Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. (AP Photo/Ahn Young-joon) BEIJING (AP) — Global stocks fell Thursday after Wall Street declined despite encouraging Chinese economic

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China’s Q1 GDP growth steady at 6.4%, beating forecast

China’s economy expanded by 6.4 percent year-on-year in the first quarter of 2019, enjoying a stable performance with growing positive factors, the National Bureau of Statistics (NBS) said on Wednesday. The GDP stood up by 6.4 percent year-on-year at 21.34 trillion yuan (about 3.18 trillion U.S. dollars) in the first three months of the year,

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Puntland Governor Deni meets with DP-World Chairman and receives $ 5 Million US Dollar Bosaso port agreement

United Arab Emirates, Somali Times. Elderly clans Business people against, the Bosaso port agreement. Somalia government Ban DP-World to operate in Somalia even parliament they vote against DP-World, The Governor of the Puntland State of Somalia Mr Said Abdullahi Deni met with the Chairman of DP-World, led by Sultan Ahmed bin Sulayem. The Governor was

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World stocks rise on hopes for growth; focus on earnings

Photo (AP) World stock markets advanced Tuesday on upbeat economic data for China and Germany and as investors keep an eye on U.S. corporate earnings reports, which have been mixed so far. Germany’s DAX rose 0.6% to 12,097 after a measure of investor confidence, the ZEW index, rose for a sixth month. The CAC 40

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Turkey in talks with US to boost bilateral trade to $75B, Albayrak says

Treasury and Finance Minister Berat Albayrak held talks Monday with his counterparts in Washington to increase the trade volume between the countries to $75 billion, up from the current $25 billion. Albayrak also met with U.S. President Donald Trump during his visit to the White House and talked about Turkey’s purchase of the Russian S-400

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