By Reuters UK shares fell to their lowest level in more than three weeks on Monday after data showed Britain’s economy unexpectedly shrank in April, adding to worries about a slowdown in growth ahead of a Bank of England policy meeting this week. The blue-chip FTSE 100 index dipped 0.9% and the domestically-focussed mid-cap FTSE

By Anadolu Agency Annual inflation in the US hit 8.6% in May, the highest since December 1981, official data showed on Friday. The figure was above market forecasts of 8.3%. “The increase was broad-based, with the indexes for shelter, gasoline, and food being the largest contributors,” according to the US Bureau of Labor Statistics. Energy

By Anadolu Agency Naftali Bennett is on ‘snap visit’ to Abu Dhabi at invitation of UAE president, says Israeli government statement Israeli Prime Minister Naftali Bennett on Thursday arrived in the United Arab Emirates’ (UAE) capital Abu Dhabi to meet with the country’s President Sheikh Mohammed bin Zayed Al-Nahyan. Bennett is on a “snap visit”

By Anadolu Agency The EU Commission chief said on Tuesday that EU funds will not be disbursed for Poland until the country accomplishes reforms on restoring judicial independence. Ursula von der Leyen spoke in the debate dedicated to the rule of law and the approval of the Polish recovery plan at the European Parliament’s plenary

Kenya’s President Uhuru Kenyatta: Credit to Photo The Associated Press By The African Exponent Political offices in Africa are highly sought after, and many politicians have declared that it is a ‘do-or-die’ battle to be the president of a country. There is a reason for this – and it is not the determination to help

The Minister of Finance of the Federal Government of Somalia, Abdirahman Bayle met with the US Ambassador to Somalia, Larry André. They discussed the state of Somalia’s economic reforms and how to build on the gains made so far. Somalia’s Minister of Finance Bayle said the United States strongly supports the economic reforms that Somalia

A Kenya Airways aircraft at JKIA By Business Daily Africa The European Union Aviation Safety Agency (EASA) has revoked a licence it had granted Kenya Airways (KQ) to maintain UK-registered aircraft after it failed a compliance audit. The national carrier said the agency withdrew the licence because, during the certification audit, the agency requested that

By Reuters Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, according to data on Friday, below a forecast but fuelled by war impact, rising energy prices and a lira that has tumbled since a December crisis. The costs of transportation and food soared by 108% and 92% respectively over last

By Anadolu Agency The dollar’s share of global foreign exchange reserves diminished below 59% in the final quarter of last year, extending a two-decade decline, according to the latest IMF data. “Central banks aren’t holding the greenback in their reserves to the extent that they once did,” the global body said in a blog based

President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022. (AP Photo/Susan Walsh) By The Associated Press President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him