Business

UK leader brings her ailing Brexit deal back to Parliament

Photo (AP) The British government is bringing its little-loved Brexit deal back to Parliament, a month after postponing a vote on the agreement to stave off near-certain defeat. Lawmakers are beginning five days of debate Wednesday on the agreement with the European Union setting out the terms of Britain’s departure from the bloc on March

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UK, Russia and UAE scramble to set up military bases in Somaliland

Somaliand President Mouse Bihi holding talks with UK’s Defence Secretary Gavin Williamson at the presidential palace in Hargeisa, Somaliand, at the weekend The United Kingdom has joined Russia and the United Arab Emirates in the scramble to set up military bases in Somaliland. UK Defence Secretary Gavin Williamson at the weekend met President Mouse Bihi

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Maersk Line to start serving to key Somali port

The Maersk Line, one of the largest shipping companies in the world, is expected to start serving to Somalia’s Mogadishu Port, according to the port’s authority on Saturday. In a statement, the Mogadishu Port Authority said Maersk Line, which serves over 130 countries around the world, would start working at the Mogadishu Port, without providing

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Mogadishu Mayor: We are on the right path in the reconstruction of Mogadishu’s infrastructure

Mogadishu-Eng. Abdirahman Omar Osman the Mayor of Mogadishu & Governor of Benadir Region has today signed Provision of Technical assistance services for construction supervision contract with Tim Lardner, the United Nations Office for Project Services (UNOPS) Country Director. Mayor Osman welcomed UNOPS Country Director Tim Lardner to his office in Mogadishu as UNOPS will be

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Tuna sells for record $3 million in auction at Tokyo’s new fish market

Journalists film a 278kg bluefin tuna, priced with a 333,600,000 yen bid is pictured in front of sushi restaurants Sushi Zanmai in Tokyo, Japan, January 5, 2019. REUTERS/Kim Kyung-Hoon The owner of a Japanese sushi restaurant chain on Saturday set a record by paying more than $3 million(2.36 million pounds) for a bluefin tuna in

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Norway donates $ 54.3 Million to Somalia reconstruction and development

Oslo-The Norwegian government has announced that $ 54.3 million will contribute to the reconstruction and development of Somalia’s infrastructure, saying that the economy is moving to Somalia by various banks below the World Bank. He added that the economy is intended to counter Somalia’s armed conflicts and other security challenges. Norway’s Minister for Development Cooperation

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Asia shares mixed, Shanghai down after Apple sales warning

Photo (AP) Asian markets were mixed on Thursday after tumbling more than 1 percent on the first trading day of 2019. Apple downgraded its sales projections, citing slowing Chinese growth, hitting technology shares in South Korea and Taiwan. The Japanese yen, seen as a relatively safe asset, strengthened against the dollar, euro and several other

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China’s African debt-trap: Beijing prepares to seize Kenya’s port of Mombasa

Photo (AP) China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control. Other assets related to the inland shipment of

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Kenyan major port not mortgaged to China, Uhuru says

President Uhuru Kenyatta says his government will continue to borrow loans from China and the rest of the world despite criticism from different quarters that the national debt is unsustainable. Mr. Kenyatta remained adamant that loans are necessary for any country that expects to improve its infrastructure. “I will continue to borrow to develop the

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German Military Mulls Recruiting EU Citizens over Personnel Shortage

Germany’s military presently has over 182,000 uniformed soldiers and some 60,000 civilian employees. Germany’s armed forces are considering the possibility of recruiting citizens of other EU member states as a means of dealing with personnel shortages, a move that would mean doing away with the German nationality requirement. Germany abandoned its draft of young military

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