Business

Britain in Brexit chaos – parliament crushes May’s EU deal again

Britain’s Prime Minister Theresa May speaks after the results of the vote on Brexit deal in Parliament in London, Britain, March 12, 2019. UK Parliament/Mark Duffy/Handout via REUTERS MPs crushed Prime Minister Theresa May’s European Union divorce deal on Tuesday, thrusting Britain deeper into crisis and forcing parliament to decide within days whether to back

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Theresa May seeks a deal in Strasbourg as Brexit crunch looms

British Prime Minister Theresa May meets with European Commission President Jean-Claude Juncker in Strasbourg, France March 11, 2019. REUTERS/Vincent Kessler/Pool Prime Minister Theresa May rushed to Strasbourg on Monday to seek a tweaked withdrawal deal from the European Union in a last-ditch effort to avoid another humiliating defeat in parliament of her plan to exit

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South Africa ‘in the process’ of downgrading Israel embassy, president says

South African President Cyril Ramaphosa makes his State of the Nation address in parliament, in Cape Town, South Africa, February 7, 2019. (Rodger Bosch, Pool via AP) A year after ruling party resolved to demote Ramat Gan mission to ‘liaison office,’ President Ramaphosa notes ‘responsibility to continue engaging with all parties to the conflict’ South

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Turkey’s S-400 deal with Russia has nothing to do with US, Erdoğan says

Turkey’s purchase of S-400 missile defense system from Russia has “nothing to do” with NATO, F-35 fighter jets or security of the U.S., but it is rather about the country’s independence in terms of making its own regional decisions, President Recep Tayyip Erdoğan said Saturday. “Everyone knows that this issue has nothing to do with

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China says working with U.S. day and night to get trade deal

Photo Reuters China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, including eliminating tit-for-tat tariffs, a senior Chinese official said on Saturday. Chinese Vice Commerce Minister Wang Shouwen said he was optimistic about negotiations with

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Asian shares tumble on poor Chinese trade data

Photo (AP) Shares tumbled Friday in Asia, led by sharp declines in Shanghai and Hong Kong, after China reported its exports plunged more than 20 percent in February from a year earlier. Selling also was fueled by worries that the U.S. and China may not be as close to a trade deal as President Donald

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US $400m Road project linking Ethiopia to Somalia’s Berbera Port kicks off

The government of Somalia and Ethiopia have launched a US $400m road project that will link Ethiopia’s border town of Togochale to Berbera Port in Somalia. Speaking during the launch ceremony, Somaliland’s President Muse Bihi Abdi said the road will provide access for landlocked Ethiopia to an additional seaport and significantly boost trade between the

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US trade gap jumped to 10-year high; record gap with China

Photo (AP) The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decade-long high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion. The Commerce Department figures released Wednesday undermined a key commitment by President

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Somalia President receives warm welcome in Addis Ababa

Addis Ababa, The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and his delegation arrived in Addis Ababa, where he welcomed the Prime Minister of Ethiopia. President Mohamed Abdullahi Mohamed is holding talks with the Prime Minister Abiy Ahmed today. The two parties are committed to strengthening relations between the two countries

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Somali President Mohamed is visiting Addis Ababa

Somalia Federal Government president, Mohamed Abdullahi Mohamed is visiting Ethiopian capital Addis Ababa on Tuesday, March 5, 2019, reported state media . He will be meeting with Prime Minister Abiy Ahmed today, to discuss matters related to bilateral and regional issues, according to state media which cited the ministry of Foreign Affairs sources. The source

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