Business

European Central Bank ready to act if trouble hits economy

Photo (AP) The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, President Mario Draghi said Wednesday. Draghi told a conference that the bank would take “all the monetary policy actions that are necessary and proportionate” in addition to steps taken

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Japan donates to Somalia $ 1 million to prevent terror attacks

Nairobi, The embassy in Kenya has said it will donate about $ 1 million to the fight against Al-Shabaab militants in Somalia. The embassy said in a statement that the money would be sent to the Somali government Fund for the Fight against terror attacks. The Government of Japan for five years in the past

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China, France continue to regard each other as diplomatic priority

China views the ties with France as something very important, and that has not changed at all over time, Chinese President Xi Jinping said on Sunday when meeting with French President Emmanuel Macron in Nice, one of the largest cities in France. China has regarded France as its diplomatic priority, President Xi said, also vowing

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Arab summit won’t discuss Syria membership: spokesman

Syria’s membership in the Arab League is not on the agenda of this month’s annual Arab summit, the pan-Arab body confirmed on Sunday. Arab leaders are scheduled to meet in Tunisia on March 31 for their annual summit. “Syria’s return to the Arab League has not officially been discussed during the league’s meetings,” Mahmoud Afifi,

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Erdogan says Turkey will not go back on purchase of Russian S-400s

Photo Reuters Turkey will not go back on the purchase of S-400 missile systems from Russia no matter what the United States says, President Tayyip Erdogan said on Sunday. He made the comment in an interview with broadcaster TGRT Haber. The United States could soon freeze preparations for delivering F-35 fighter jets to Turkey, officials

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Italy becomes first G7 nation to officially join BRI

China and Italy signed a memorandum of understanding (MoU) on cooperation within the framework of the Belt and Road Initiative (BRI) on Saturday. This makes Italy the first G7 nation to officially join the BRI. Chinese President Xi Jinping and Italian Prime Minister Giuseppe Conte exchanged views on bilateral relations and international and regional issues

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EU summit readies for Brexit in May – or next week

President of the European Council Donald Tusk arrives to deliver a statement on Brexit ahead of the EU summit in Brussels, Belgium March 20, 2019. REUTERS/Toby Melville EU leaders will tell Theresa May on Thursday she can have two months to organise an orderly Brexit but Britain could face a hugely disruptive ejection from the

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Italy invests in Somalia Infrastructure Fund €1 million

The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s

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Brexit delayed? PM May requests three-month extension, EU pushes back

Britain’s Prime Minister Theresa May answers questions in the Parliament in London, Britain, March 20, 2019 in this screen grab taken from video. Reuters TV via REUTERS Prime Minister Theresa May asked for a three-month delay to Brexit on Wednesday to buy time to get her twice-rejected departure deal though parliament, but the request faced

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Kenya seeking another Sh368 billion railway loan from China

The government is negotiating with China for a loan of about Sh370 billion to complete the third phase of the standard gauge railway. According to Kenya Railways Acting Director Philip Mahinga, the corporation is also holding talks to finance a system that will ensure the railway, its passengers, goods and equipment are secure as they

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