General view of the Bank of England, in London, Monday, May 2, 2022. The Bank of England is expected to increase rates from 0.75% to 1%, the highest level since early 2009. (AP Photo/Alberto Pezzali) By The Associated Press The Bank of England is expected to raise its key interest rate to the highest level

File Photo: Rwanda’s President Paul Kagame Reuters/Michaela Rehle By The African Exponent When someone hears “African leaders”, the one impression that comes to their mind is corruption. Bribery and corruption have been a consistent practice of most African leaders with a history of fraudulent scandals – there are plenty of them and it doesn’t seem

U.S. Army M109A6 Paladin self-propelled howitzers are seen during a military exercise in Pocheon, South Korea, Reuters/Kim Hong-Ji/File Photo By Reuters Taiwan’s Defence Ministry said on Monday it was considering alternative weapons options after the United States informed it that the delivery of an artillery system would be delayed due to a “crowded” production line.

Saudi Crown Prince Mohammed bin Salman meets Pakistan’s Prime Minister Shehbaz Sharif upon his arrival in Jeddah, Saudi Arabia, April 29, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via Reuters By Reuters Saudi Arabia and Pakistan will discuss the possibility of supporting the kingdom’s $3 billion deposit in Pakistan’s central bank by extending its term

Kenya, President Uhuru Kenyatta: Credit to Photo/Business Daily Africa By The African Exponent There is an unspoken understanding that the office of presidency is the most lucrative position to uphold. Africa is a continent endowed with an abundance of human capital and resources like crude oil and gold that drive the global economy. But despite

By Anadolu Agency Turkey and Saudi Arabia are striving to increase all kinds of political, military and economic relations to start a new era, the Turkish president said early Friday. “We paid a visit to Saudi Arabia upon the invitation of Hadimu’l Haremeyn,” or “the Servant of Mecca and Medina,” said Recep Tayyip Erdogan, referring

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019.Reuters /Yves Herman/File Photo By Reuters The European Commission on Thursday warned buyers of Russian gas they could breach sanctions if they converted gas payments into roubles, as officials struggled to clarify the EU’s stance on Moscow’s payments scheme, which has

By Anadolu Agency Algeria threatened Wednesday to cut off gas supplies to Spain if any of the gas winds up in a different location than specified by a contract. Transporting any amount of Algerian gas to a different destination is considered a breach of contractual obligations and would lead to the termination of the contract

Signage at the International Monetary Fund (IMF) headquarters in Washington, DC: Credit to Photo/AFP By Business Daily Africa The International Monetary Fund (IMF) has backed Kenya’s recent taxation of essential goods and services like cooking gas and bank loan fees, arguing additional cash raised have helped cushion against higher cost of fuel and fertiliser in

The International Monetary Fund plans to release $244 million to Kenya to finance its budget: Credit to Photo/AFP By The East African The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face