Business

S-400 deal threatens Turkey’s role in F-35 program, Pentagon report says

Turkey could face expulsion from the F-35 program if it goes ahead with the purchase of Russian-made S-400 air defense systems, a Pentagon report said. Citing the S-400 deal, the U.S. Congress quickly approved an amendment to the National Defense Authorization Act (NDAA) that prohibited F-35 sales to Turkey until the Pentagon issued a report

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Corrupt Somali Parliament, MP’s Apologizes for ‘Wrong Report’ on Missing US $40 Million

The Somali parliament have eaten their words and apologized to the finance ministry for the ‘mistake by house finance committee’ that over $ 40 million US Dollar was missing the country’s accounts. What really happened in Somalia? Last week, reports from Somalia claimed that members of the parliament debated on a case of missing $

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US economy grows 3.5 percent in Q3 on stronger business investment

The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated. The Commerce Department’s figure for gross domestic product, the broadest measure of the nation’s output of goods and services, was the same as its first

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Risks bubbling beneath Djibouti’s foreign bases

The Republic of Djibouti is on any measure one of the most stable countries in eastern Africa. There are no known Islamic radicals here and, unlike its immediate neighbor Somalia and Yemen across the Bab el-Mandeb Strait, it is not plagued by a vicious civil war. The 1998-2018 war between Ethiopia and Eritrea, two other

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China’s vice premier: No country can win a trade war

China’s Vice Premier Liu He told an economic conference in Hamburg on Tuesday that protectionist and unilateral approaches to trade will only deepen economic uncertainty, and that no country can emerge as a winner in a trade war. “We believe that protectionist and unilateral approaches do not offer solutions to problems on trade. On the

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May and opposition leader agree to TV debate over Brexit

British Prime Minister Theresa May and opposition Labour leader Jeremy Corbyn agreed to a prime time television debate on Brexit ahead of a crunch parliamentary vote as she struggles to win support for the deal agreed with the European Union. May personally challenged her rival to take part in the head-to-head debate and said the

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Turkey and Qatar prove to be true friends, says Erdogan

Turkish President Recep Tayyip Erdogan said Monday that his country and Qatar have supported one another in hard times, and proved to be a true friend many times. “Turkish nation showed intense efforts to break the blockade and sanctions targeting its Qatari brothers,” Erdogan said during the 4th meeting of Turkey-Qatar High Strategic Committee in

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Prince Harry begins two-day official visit to Zambia

Duke of Sussex, Prince Harry, on Monday arrived in Zambia for a two-day tour that will see him honor the country’s World War heroes. The 34-year-old was initially expected to travel with his wife Meghan Markle, but reports indicate the latter opted out due to fatigue. Prince harry is expected to attend an official reception

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The Somali president attends Blue Economy Conference. in Kenya

The president of Somalia, Mohamed Abdullahi Mohamed has arrived in the capital city of Kenya, Nairobi to attend the Sustainable Blue Economy Conference. The delegation led by President Mohamed was welcomed at the airport by Kenyan authorities. The historic conference, which focuses on environmental protection will be the first-ever Sustainable Blue Conference and will kick

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Ethiopia to launch its first-ever satellite with China’s help

Ethiopia has announced its intention to launch its first satellite during 2019. According to the Ethiopian Space Science and Technology Institute (ESSTI) at the Addis Ababa University, the satellite is expected to be launched from China during September 2019. The initial plans to launch the satellite were announced in 2016 at the same time the

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