Business

Stocks struggle for momentum on inflation and taxation fears

A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Photo Reuters By Sujata Rao World stocks started the week on the backfoot on Monday, slipping to

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US stock indexes edge lower, on track for weekly losses

In this photo provided by the New York Stock Exchange, floor traders, including Phyllis Arena Woods, right, gather in remembrance on the eve of September 11th, on the Exchange trading floor, Friday Sept. 10, 2021. (Courtney Crow/New York Stock Exchange via AP) Associated Press By DAMIAN J. TROISE and ALEX VEIGA Stocks edged lower in

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Kenya’s economy shrinks by 0.3pc in year of Covid-19 pandemic

National Treasury and Ministry of Planning Cabinet Secretary Ukur Yatani during launch of the 2021 Economic Survey Report on September 9, 2021/Daily Nation Jeff Angote. By Daily Nation Kenya’s economy contracted by 0.3 per cent in 2020 compared to a 5 per cent growth in 2019, as it took a hit from the Covid-19 pandemic.

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World shares slip as Fed signals ‘downshift’ in economy

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 9, 2021. Shares fell in Asia on Thursday after further

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Bitcoin bruised after chaotic debut as legal tender in El Salvador

A sign reads: “Exclusive Bitcoin register” in a Starbucks store where the cryptocurrency is accepted as a payment method, in San Salvador, El Salvador September 7, 2021. REUTERS/Jose Cabezas By Reuters Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in 2-1/2 months as El Salvador’s historic adoption of the crypto asset

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Farmajo Receives Credentials from EU Ambassador

Photo/Somali Times The outgoing President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, received credentials from the new Ambassador of the European Union, Tiina Intelmann at the Presidential Palace. The new EU Ambassador to Somalia, Tiina Intelmann, shared with the President her commitment to strengthening relations and cooperation between Somalia and the European Union,

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UK government eyes tax hike to pay for care for older people

British Prime Minister Boris Johnson leaves 10 Downing Street to give a statement on Afghanistan at the Houses of Parliament, in London, Monday, Sept. 6, 2021. The United States and other nations including Britain were caught off-guard by the Taliban’s swift conquest of Afghanistan, having failed to predict how quickly the Western-backed Afghan government would

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London takes aim at New York with five-year financial plan

A woman exercises with a dog near the City of London financial district, in London, Britain, April 30, 2021. REUTERS/John Sibley Reuters By Huw Jones Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat

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Global stock markets rise after weak US hiring data

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, Sept. 6, 2021. Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. (AP Photo/Kin Cheung)

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Turkish, Somali defense ministers discuss bilateral, regional issues

By Anadolu Agency Turkey will continue to provide all kinds of support to Somalia, says Hulusi Akar The defense ministers of Turkey and Somalia discussed bilateral and regional issues in a meeting on Friday. Hulusi Akar welcomed Hassan Hussein Haji at Turkey’s National Defense Ministry in the capital Ankara. The ministers first held a one-on-one

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