Business

Dollar holds gains after Fed boost; bitcoin tumbles

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Iain Withers The dollar held on to the previous week’s gains on Monday after the Fed’s surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining

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Turkey has huge investment, earning potential in tourism-President Erdogan

‘We will ensure that our tourism professionals seize opportunity at least in 2nd half of 2021 season’ Turkey has huge investment and earning potential in the tourism sector, said the country’s president on Saturday. Speaking at the opening of NG Phaselis Bay Hotel in the Kemer district of Turkey’s Mediterranean resort city of Antalya, Recep

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Somali Foreign Minister attends Antalya Diplomatic Forum

Photo/Somali Times The Minister of Foreign Affairs and International Cooperation, Mohamed Abdirizak Mohamoud, attended the opening of the Antalya Diplomatic Conference, which will take place from June 18th to 20th. Launched in the southern province of Antalya, the forum hosted 12 regional leaders, 43 foreign ministers, four former heads of state, representatives from international organizations

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European Union cuts KDF pay in Somalia by Sh4.9bn

Kenya Defence Forces (KDF) in Somalia. Donor reimbursements to Kenya for its troops fighting Al-Shabaab militia in Somalia have been cut 66 percent or Sh4.9 billion in the new financial year starting July, as the UN-backed planned date for exit draws closer. A report tabled in Parliament by the Treasury showed that the European Union

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Somali government request economic support from Qatar

Photo/Somali Times Somali foreign minister, Mohamed Mohamoud Abdirizak recent visit to Qatar, met with Minister of State for Foreign Affairs of Qatar, Saad Bin Sultan, who has submitted a bid to support the country. The meeting further bilateral support to Somalia, Qatar, especially in the security and economy. The two officials agreed that the importance

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Kenya accepts Somalia’s invitation to reopen Mogadishu embassy

Somalia President Mohamed Abdullahi Farmajo and his Kenyan counterpart Uhuru Kenyatta. By KEVIN CHERUIYOT On Saturday, Somalia urged Kenya to reopen its embassy in Mogadishu, assuring that it will correspond by reopening its embassy in Nairobi. Kenya said that it is ready waiting to renew the ties with the Ministry of Foreign Affairs and International

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Boris Johnson closes G7 summit with vow to protect integrity of UK

Britain’s Prime Minister Boris Johnson gestures, during a press conference on the final day of the G7 summit in Carbis Bay, Cornwall, England, Sunday June 13, 2021. (Ben Stansall/Pool Photo via AP) By Dan Sabbagh and Robert Booth PM tries not to escalate row over reports Macron suggested Northern Ireland was not part of UK.

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Britain wants to ease tensions with EU over N.Ireland, says Raab

Britain’s Foreign Secretary Dominic Raab gestures during an interview with Reuters on the sidelines of G7 summit in Carbis Bay, Cornwall, Britain, June 11, 2021. REUTERS/Toby Melville Britain wants to ease tensions with the European Union over trade with Northern Ireland, British foreign minister Dominic Raab said on Sunday, repeating a warning that the bloc

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Erdogan and Biden meet at a tense moment for Turkish-US ties

File – In this Jan. 23, 2016, file photo, U.S. Vice President Joe Biden, left, poses for photographers with Turkish President Recep Tayyip Erdogan, right, prior to their meeting at Yildiz Mabeyn Palace in Istanbul. Biden and Turkish counterpart Erdogan have known each other for years, but their meeting Monday, June 14, 2021, will be

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UK-EU Brexit spat over N Ireland clouds G7 leaders summit

Britain’s Prime Minister Boris Johnson, right, greets German Chancellor Angela Merkel ahead of a bilateral meeting during the G7 summit in Cornwall, England, Saturday June 12, 2021. (Stefan Rousseau/Pool via AP) By JILL LAWLESS British Prime Minister Boris Johnson held meetings with German Chancellor Angela Merkel and French President Emmanuel Macron on Saturday on the

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