Business

London stocks tumble as Russia-Ukraine tensions weigh

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville By Reuters UK shares fell on Monday, as warnings of a Russian invasion of Ukraine sapped appetite for riskier assets, while oil prices at seven-year highs limited losses in heavyweight energy stocks. The blue-chip FTSE 100

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Immigrant founders share how security firm they began in UK with just one laptop made $33M

Edgar Chibaka and Jamal Tahlil. Photo: First Response Group Face2Face Africa By ABU MUBARIK Edgar Chibaka and Jamal Tahlil co-founded First Response Group, a security firm based in the United Kingdom in 2007. The duo started their firm with a single laptop out of a “cold, run-down office” above an internet cafe in Leeds. Fifteen

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Exclusive Iraq’s $27 bln Total deal stuck over contract wrangling

The logo of French oil and gas company Total is seen at La Defense business district in Courbevoie near Paris, France, February 8, 2021. REUTERS/Sarah Meyssonnier By Reuters A $27-billion deal between France’s Total and Iraq, that Baghdad hoped would reverse the exit of oil majors from the country, has stalled amid disputes over terms

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Qatar promises to Somalia rebuilding Somali Airlines-sources say

Photo/Somali Times Somali Minister of Transport and Civil Aviation Duran Ahmed Farah received Qatari Ambassador to Somalia Hassan bin Hamsa Hashem in his office, and discussed a number of issues. The two leaders focused on strengthening cooperation between the governments of Somalia and Qatar, according to Transport and Civil Aviation. Qatar promises to Somalia rebuilding

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Asian shares skid as hot inflation data point to rate hikes

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Feb. 11, 2022. Shares were mostly lower Friday in Asia after a sell-off on Wall Street spurred by news that U.S. inflation jumped 7.5% in January, which raised expectations the Federal Reserve will

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Chinese funding of sub-Saharan African infrastructure dwarfs that of West, says think tank

A Chinese engineer and a local construction worker work on a section of the Mombasa-Nairobi standard gauge railway (SGR) in Emali, Kenya, file. REUTERS/Noor Khamis/File Photo By Reuters China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks

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World Bank, Kenya in talks for another Sh23bn loan

President Uhuru Kenyatta with World Bank Country Director for Kenya Keith Hansen By Business Daily Africa The World Bank will give Kenya $200 million (Sh22.7 billion) to support various development projects to improve food security in the country. Vinay Kunar Vutukru, a senior agriculture economist with the bank, said on Monday that the institution is

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Turkey’s engagement in Somalia has opened avenues for Somali businesses

Somalia and Turkey enjoy a special relationship, including trade, which encourages the Somali business community to travel to Turkey to import everything from clothing to medicine. Anadolu Agency reported. If one visits Somalia’s biggest markets in Bakara, Hamarwayne, and Suuq Bacaad in the capital, it would be easy to realize that the Turkish textile industry

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Asian shares fall as markets watch omicron, central banks

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 7, 2022. Asian shares fell Monday, though Shanghai’s benchmark jumped after markets reopened from the Lunar New Year holidays. (AP Photo/Vincent Yu) By Associated Press Asian shares mostly fell Monday, though Shanghai’s benchmark jumped

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Chinese president holds talk with counterparts in Beijing

By Anadolu Agency Chinese President Xi Jinping on Saturday held talks with different world leaders who visited Beijing to attend opening ceremony of the 2022 Winter Olympics. Xi met his counterparts from Egypt, Serbia and five Central Asian states – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. During his meeting with Egyptian President Abdel Fattah Al-Sisi,

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