Business

A New Scramble for Africa: Why are Foreign Countries Buying African Arable Land?

The African Exponent By Siyabonga Hadebe In recent years, the trend of land grabbing in Africa has increased exponentially. Land grabbing is the contentious issue of large-scale land acquisitions: the buying or leasing of large pieces of land by domestic and transnational companies, governments, and individuals. These land deals see local African governments allocating or

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EU’s gas, coal and oil imports from Russia since beginning of war nears €17 billion

By Anadolu Agency The European Union’s (EU) natural gas, oil and coal imports from Russia since the beginning of the war in Ukraine have hit approximately €17 billion ($18.7 billion), according to data collated by Anadolu Agency on Monday from live tracker published by Europe Beyond Coal with Centre for Research on Energy and Clean

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UK cost-of-living squeeze looms over Sunak’s budget update

Britain’s Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain March 3, 2021. Tolga Akmen/Pool via Reuters By Reuters British finance minister Rishi Sunak must decide next week whether to spend billions of pounds more to ease the growing cost-of-living squeeze for households and businesses

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Europe faces higher inflation, slower growth amid Russia-Ukraine war: ECB head

European Central Bank (ECB) president Christine Lagarde ( Dursun Aydemir – Anadolu Agency ) By Anadolu Agency Europe faces higher inflation and slower economic growth amid Russia’s war in Ukraine, the European Central Bank (ECB) president said on Thursday. “We are aware of the underlying risks caused by the war and the uncertainty it is

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UK’s Johnson in UAE, Saudi Arabia to press for more oil

Britain’s Prime Minister Boris Johnson, left, sits with Mohammed bin Salman, right, Crown Prince of Saudi Arabia ahead of a meeting at the Royal Court in Riyadh, Saudia Arabia, Wednesday March 16, 2022. Johnson arrived in the Gulf for meetings in the United Arab Emirates and Saudi Arabia aimed at easing skyrocketing gasoline prices as

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Macron denies France violated European sanctions with Russia arms sales

By Anadolu Agency France’s president on Tuesday denied allegations that the government had breached European sanctions by approving the export of 152 million euros ($167 million) worth of military equipment to Russia since 2015, which Moscow is now reportedly using in its war against Ukraine. “France has complied in accordance with its commitments to international

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PM turns to brutal Saudi regime for help as Putin’s atrocities fuel energy crisis

Boris Johnson and Mohammed bin Salman in 2018 (Image: REX/Shutterstock) The Daily Mirror By Rachel Wearmouth Boris Johnson is heading to Riyadh in Saudi Arabia to beg Crown Prince Mohammed bin Salman to increase oil production to help the West wean itself off Russian energy As Russia carries out new attacks against the people of

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German chancellor arrives in Turkiye on official visit

By Anadolu Agency German Chancellor Olaf Scholz on Monday arrived in Turkiye for his first official visit since he took office. Turkish President Recep Tayyip Erdogan welcomed Scholz with an official ceremony at the Presidential Complex in the capital Ankara. Erdogan and Scholz are due to hold a joint news conference following one-on-one and inter-delegation

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Germany to buy up to 35 Lockheed F-35 fighter jets – sources

A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel Schmidt/File Photo By Reuters Germany will purchase F-35 fighter jets built by U.S. firm Lockheed Martin to replace its ageing Tornado aircraft, according to two government sources, with one of the sources saying Berlin aims to

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Somali Foreign Minister says to give license Bank of Egypt

File Photo/Somali Times The Minister of Foreign Affairs of the Federal Government of Somalia, Abdisaid Muse, has said that his government is planning to grant a license to The Bank of Egypt. In an interview with Egypt’s Sharook News, the minister said that the Central Bank of Somalia’s Board of Directors will issue a license

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