Business

Joint goal of Turkey, Israel to revive political dialogue based on common interest

By Anadolu Agency Turkish president says he hopes Israeli counterpart’s visit will be ‘new turning point’ in relations Turkish president says he hopes Israeli counterpart’s visit will be ‘new turning point’ in relations. Our common goal with Israel is to revive political dialogue between our countries based on common interests, respect for mutual sensitivities, says

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Brent crude up $12, shares sink as Ukraine conflict deepens

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 7, 2022. The price of oil jumped more than $10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. (AP Photo/Vincent

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What came out of the meeting between Farmajo and the Emir of Qatar?

The President of Somalia, Mohamed Abdullahi Farmajo, who was warmly welcomed by the Council of the Emir of Qatar, met today with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. President Mohamed Farmajo and EmirTamim discussed a number of issues related to the future of bilateral relations and common interests in regional stability

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Exclusive Russian firms rush to open Chinese bank accounts as sanctions bite – sources

Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo By Reuters The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle

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Kenya, Africa Oil now runs out of Turkana project cash

Trucks transport oil from Turkana to Mombasa under the Early Oil Pilot Scheme By Business Daily Africa Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of cash to fund production in South Lokichar Basin, making it the latest blow to Kenya’s petrodollar dream. The firm

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Stocks fall, oil tops $100 a barrel as Ukraine war rages

In this photo provided by the New York Stock Exchange, specialist Thomas McArdle, right, works at his post on the trading floor, Tuesday, March 1, 2022. Stocks fell following a volatile day for major indexes as investors tried to measure how the conflict will impact the global economy. (Courtney Crow/New York Stock Exchange via AP)

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Crude jumps, stocks slip, rouble crashes to record low on tough Russian sanctions

A 3D printed oil pump jack is seen in front of displayed stock graph and “Oil Stocks” words in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/Files By Reuters Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its

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Sterling set for biggest daily fall since November vs dollar

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration By Reuters Sterling fell to its lowest this month against the dollar and was set for its worst day since November on Thursday as investors rushed into safe-haven assets after Russia launched an all-out invasion of Ukraine. NATO said

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Shares dive, oil soars after Russian action in Ukraine

A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 24, 2022. Asian stock markets followed Wall Street lower Thursday as anxiety about a possible Russian invasion of Ukraine rose. (AP Photo/Ahn Young-joon) By Associated Press World stock markets plunged

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World Bank debt rises in Uhuru’s last days as China loans drop

President Uhuru Kenyatta with World Bank Country Director for Kenya Keith Hansen. By Business Daily Africa World Bank and the International Monetary Fund (IMF) have stepped up lending to Kenya over the past three years, which has seen Chinese loan deals reduce, firming the grip of Bretton Woods institutions on East Africa’s biggest economy. Data

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