The U.S. will proceed with $200 billion in tariffs on Chinese imports, according to a report on Friday, a move that reignites a trade war between the world’s two largest economies. U.S. President Donald Trump met with Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer on Thursday, the report

The Somali economy is projected to grow at an annual rate of between 3 and 4 percent, the World Bank said in a report released on Thursday,According to the World Bank’s third Somalia Economic Update (SEU), the country’s economy grew by an estimated 2.3 percent in 2017, down from 4.4 percent in 2016, reflecting the

Brexit secretary Dominic Raab admitted that a no-deal Brexit would be disruptive and that the government could not guarantee that it would reach individual agreements to prevent such extra costs as the return of roaming charges. “I think we need to be honest about this. In the event of a no-deal scenario, which is not

The mobile money market is booming in Somalia. Approximately 155 million transactions, worth $2.7 billion or 36% of gross domestic product (GDP), are recorded every month. Mobile money accounts for a high proportion of money supply in the domestic, dollarized economy and has superseded the use of cash; seven out of 10 of Somalis use

LONDON-Turkish and British trade ministers signed MoU for the 6th Turkey-UK Joint Economic and Trade Commission (JETCO) in London on Wednesday. The MoU aimed to enhance economic and commercial ties between the two countries. Speaking at Turkey-UK business forum after signing ceremony, Turkish Trade Minister Ruhsar Pekcan said both countries expected to further develop cooperation

Fundamentals of Turkish economy are “very strong,” Qatar’s economy and the commercial minister said.”Sometimes in economies, there may be up and downs, but the important thing is fundamentals of economies,” Sheikh Ahmed bin Jassim bin Mohammed al-Thani told Anadolu Agency in Berlin. Last month, Qatar’s Emir Sheikh Tamim bin Hamad al-Thani has said Qatar will

The new government in Islamabad on Saturday assured Beijing that the multi-billion dollars economic corridor project will remain a priority for the country. “China-Pakistan Economic Corridor [CPEC] is vital for the socio-economic development of Pakistan and it will prove to be a game changer to the region,” Pakistan’s Foreign Minister Shah Mehmood Qureshi said, during

The Somali government has asked the all-state regional administrations. to provide accountability for “using the federal funds to the federal government”. It also asked the authorities to bring the 2017 cash back into the account. Central bank Somalia. Current Governors meeting in Kismayo A letter from the Somali government Finance Minister’s office said that “a

Vocal city Pastor Godfrey Migwi has warned President Uhuru Kenyatta from taking more loans from China, saying that it could be a trap to colonise Kenya. The Clergy argues that the loans from China are a crafty means by the Chinese to colonise African countries by advancing them loans they cannot repay. In turn, the

The London Court of International Arbitration has ruled that the Government of Djibouti cannot terminate its agreement with the Dubai-based DP World over the control of the Doraleh Container Terminal. DP World said in a press statement that the court’s decision comes after Djibouti attempted to terminate its agreement with the UAE company and replace