By Anadolu Agency Russian President Vladimir Putin signed a decree Friday allowing “unfriendly” Western countries to pay debts for fuel in foreign currencies. The repayment of debts of the countries will not mean the resumption of Russian gas shipments, according to the decree. The decree changed an earlier decision seeking payment in rubles for gas

A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia. Photographer Tatiana Meel By Reuters Oil prices edged up on Friday, on track for their second straight annual gains, although modest, in a stormy year marked by tight supplies because

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. Photographer Brendan McDermid By Reuters Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and geopolitical

A woman looks at Japan’s Nikkei 225 index and stock prices shown at a securities firm as others walk across an intersection in Tokyo, Tuesday, Dec. 27, 2022. Shares advanced Tuesday in Asia after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems.(AP

African Airlines By African Exponent A recent report by African Airlines Association (AFRAA) revealed that African airlines are expected to lose about $800 million just from the last quarter of the year and a total of $3.5 billion for the year. The report compared the data to 2019 pre-pandemic data. The local travel industry is

By Reuters Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season. Brent crude futures gained 13 cents, or 0.16%, to $82.33 at 0713 GMT,

Rwanda’s President Paul Kagame. Credit Photographer Michaela Rehle/Reuters By The East African Rwandan President Paul Kagame was a vocal defender of Africa’s quest to expand its economic partnership with China, saying the continent has a right to seek partners and China is filling a gap for investment. This is after President Joe Biden’s administration sought

By Business Daily Africa President William Ruto met top executives of Delta Air Lines in his American trip where he launched the government bid to sell its entire 48.9 per cent stake in Kenya Airways. The President held a meeting with executives from Delta Air Lines Inc., the largest US carrier by market value, last

By Reuters The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund said in a statement. The package, Extended Fund Facility (EFF), includes a flexible exchange rate regime and enhanced social safety nets to protect

Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain, October 14, 2022. Photographer Henry Nicholls/Reuters By Reuters Britain’s inflation fell more sharply than expected in November to 10.7% from October’s 41-year high of 11.1%, according to the official consumer prices data, offering some comfort to the Bank of England (BoE) as