Business

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

Japan stocks dive, Asia markets fall after US losses

AP Photo Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5.1 percent to 19,147.45 points. The Shanghai Composite Index lost 2.1 percent to 2,473.75. Benchmarks in Thailand and

Read More

US stock market suffers worst week in nearly a decade

NEW YORK — After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during

Read More

IOM Opens New Office in Mogadishu

IOM staff in front of the new office buildings. Photo: IOM 2018/Jan van‘t Land Mogadishu – The International Organization for Migration (IOM) this week (19/12) opened a new main office in Mogadishu, constructed after the request of the Government of Somalia to support ongoing migration management programmes in the country. Following International Migrants Day, IOM

Read More

Turkey, Iran to take more steps for regional peace

Turkish President Recep Tayyip Erdoğan has held talks with visiting Iranian counterpart Hassan Rouhani, with Syria on top of the agenda after a surprise U.S. decision to withdraw troops from the war-torn country. The two leaders sat down for the meeting in Ankara, which was arranged before U.S. President Donald Trump’s announcement. Trump stunned allies

Read More