Business

What is the agreement of Somalia sharing resources?

Photo/Somali Times Further details can be found in the formal agreement reached on the country’s resource-sharing system, which has been under way for some time, and is being pursued by the federal and state governments. The ministerial committee responsible for advising and deciding on resource issues has finally jointly approved an agreement on the country’s

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China’s export growth cools, trade surplus hits $84 billion

File – Container trucks pass through a new automated container port in Rizhao in eastern China’s Shandong province on Oct. 9, 2021. China’s export growth slowed slightly in October to 27.1 percent over a year ago, while imports were up 20.6 percent, the customs administration said Sunday, Nov. 7, 2021. (Chinatopix via AP, File) By

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Biden hails infrastructure win as ‘monumental step forward’

President Joe Biden jokes about which reporter to call on for a question as he speaks about the bipartisan infrastructure bill in the State Dinning Room of the White House, Saturday, Nov. 6, 2021, in Washington. (AP Photo/Alex Brandon) Associated Press By ALAN FRAM and ZEKE MILLER WASHINGTON (AP) — President Joe Biden on Saturday

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Kenya to gain as US restricts Ethiopia goods on Tigray war

US President Joe Biden speaks during climate change virtual summit from the East Room of the White House campus April 22, 2021, in Washington, DC, Credit to photo/AFP By Business Daily Africa Kenya looks set to benefit after the US suspended duty-free access to Ethiopian exports following ongoing unrest in the country’s Tigray region. The

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UK interest rates set to rise amid high inflation

File – General view of the Bank of England, in the financial district known as The City, in London, on Aug. 2, 2021. British homeowners and borrowers are bracing themselves for an interest rate increase from the Bank of England on Thursday, which would be the first in a Group of Seven industrial nation since

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Oil down as China releases fuel from reserves

By Anadolu Agency Investors to focus on whether major oil producers will change output policy amid global energy crisis at Thursday’s OPEC+ meeting Oil prices declined on Monday with the easing of the global supply crisis after China announced the sale of its gasoline and diesel reserves. International benchmark Brent crude was trading at $83.45

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Biden tells Erdogan US and Turkey must avoid crises

President Joe Biden meets with Turkish President Recep Tayyip Erdogan during the G20 leaders summit, Sunday, Oct. 31, 2021, in Rome. (AP Photo/Evan Vucci) By Associated Press ROME (AP) — President Joe Biden told Turkish President Recep Tayyip Erdogan on Sunday that their countries must better manage disagreements after the partnership between NATO allies was

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Facebook changes name to Meta as it refocuses on virtual reality

People pose for a photo in front of a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo Park, California, U.S. October 28, 2021. REUTERS/Nathan Frandino By Reuters Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on

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Tax rises and inflation to squeeze UK living standards, think tanks warn

A person stands on the London Bridge during the morning rush hour in London, Britain, October 4, 2021. REUTERS/Henry Nicholls Reuters By David Milliken Higher inflation and rising taxes to fund healthcare and other public services will cause living standards in Britain to continue stagnating over the years ahead, economic policy analysts said on Thursday.

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US should deliver F-35s Ankara paid for, or return money: Turkey

By Anadolu Agency Foreign Minister Cavusoglu says Turkey will consider buying Russian SU-35, SU-57 if US does not want to resolve issue about F-35 fighter jets The US should either deliver the F-35 fighter jets that Turkey paid for or return the money, or give another product instead, the Turkish foreign minister said Thursday. “If

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