A photograph appears on the internet The Somali government is participating in the African oil conference in Cape Town, A delegation led by Somalia’s petroleum minister, Abdirisaq Omar Mohamed, left for South Africa the African Petroleum Week. The Africa Oil Week conference that will begin on Monday in Cape Town will be attended by government

British Prime Minister Liz Truss leaves a television studio after appearing on “Sunday with Laura Kuenssberg”, during the annual Conservative Party conference in Birmingham, Britain, October 2, 2022. Photographer Hannah McKay By Reuters British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon) By The

British Prime Minister Liz Truss visits Berkeley Modular, in Northfleet, Kent, Britain, Friday, Sept. 23, 2022. (Dylan Martinez/Pool Photo via AP) By The Associated Press British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the

By Reuters The Bank of England said on Wednesday that it would buy as many long-dated government bonds as needed between now and Oct. 14 to stabilise financial markets, after a slump in British gilt prices since a government fiscal statement on Friday. Citing potential risks to UK financial stability, the BoE also said it

British Chancellor of the Exchequer Kwasi Kwarteng attends an interview with Laura Kuenssberg from the Labour Party Conference in Liverpool, in the London studio, Britain September 25, 2022. Jeff Overs/BBC/Handout via Reuters. By Reuters The International Monetary Fund openly criticised Britain’s new economic strategy on Tuesday, following another slide in bond markets that forced the

By The Associated Press The British pound stabilized in Asian trading on Tuesday after plunging to a record low a day earlier, as the Bank of England and the British government tried to soothe markets nervous about a volatile U.K. economy. The instability began to have real-world impacts, with several British mortgage lenders withdrawing deals

By Business Daily Africa As Kenya Airways continues to extend begging bowls to the government to pump in more billions to help it pull out of a major financial crisis, its main African rival Ethiopia Airlines is plotting to wrestle the lucrative West African market as it moves to extend its dominance beyond the region.

By Reuters Turkey said on Monday that Malaysia and Indonesia had expressed keen interest in buying armed drones from Turkish defence firm Baykar, which has supplied the weapons to several countries after battlefield successes. “Many Asian countries, especially Malaysia and Indonesia, show great interest in our defence industry products. Agreements are being signed,” Turkish foreign

By Reuters The pound plunged to a record low against the dollar early on Monday and British bond prices collapsed as fears mounted over the new government’s fiscal plan, unleashing calls for an emergency Bank of England rate hike to restore confidence. New finance minister Kwasi Kwarteng sent sterling and government bonds into freefall on