Business

Volkswagen earnings beat pre-pandemic levels on luxury makes

File – In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. Luxury brands Audi and Porsche are fattening the bottom line at German automaker Volkswagen. The company’s premium brands saw record sales in the first half of the year. That helped

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Kenya, UK sign Sh20bn in deals on Uhuru visit

President Kenyatta meeting with UK Prime Minister Boris Johnson. By OTIATO GUGUYU Kenyan and the United Kingdom government officials have inked deals worth Sh20 billion on the first day of President Uhuru Kenyatta’s three-day tour that would be channelled mostly through the private sector. The deals are set to unlock projects in housing, manufacturing and

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‘Turkey, Angola agree to reach $500M trade volume’: Turkish leader

Turkish President Recep Tayyip Erdogan (R) and President of Angola, Joao Lourenco (L) hold a joint press conference at the Presidential Complex in Ankara, Turkey on July 27, 2021. ( TUR Presidency/Murat Cetinmuhurdar – Anadolu Agency ) Turkish President Recep Tayyip Erdogan says he will visit Angola after attending UN General Assembly in September Turkish

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Asian stocks mostly lower after Wall Street highs

People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 26, 2021. Asian shares opened mixed on Monday after stocks rallied to records on Wall Street, with the Dow Jones Industrial Average closing above the 35,000 level for the first time. (AP Photo/Vincent Yu) By

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Ivory Coast to become regional medicine hub with $300 mln IFC loan, PM says

Ivory Coast’s Prime Minister Patrick Achi at the presidential palace in Abidjan, Ivory Coast April 7, 2021. REUTERS/Luc Gnago/File Photo A World Bank programme to help medical clinics in Ivory Coast procure equipment from General Electric (GE.N) and Philips (PHG.AS) could spur the cocoa-producing country’s development into a regional medical hub, Prime Minister Patrick Achi

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New Somalia law seeks to rescue fisheries from looters

Somali vendors offload a catch from fishing boats. Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force. File AFP Somalia says its lucrative fishing resources will be completely shielded from looters once a new law comes into force, and which will provide uniform regulation in

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Biden bids Merkel farewell: Friends — with disagreements

President Joe Biden meets with German Chancellor Angela Merkel in the Oval Office of the White House, Thursday, July 15, 2021, in Washington. (AP Photo/Evan Vucci) By AAMER MADHANI, ALEXANDRA JAFFE and FRANK JORDANS WASHINGTON (AP) — Welcoming Angela Merkel to the White House for a final time, President Joe Biden renewed his concerns to

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US ban dims Safaricom loans for Ethiopia entry

Safaricom headquarters on Nairobi’s Waiyaki Way. By BRIAN NGUGI Safaricom’s plans to expand to Ethiopia have been complicated by a US State financier threatening to recall its loans following escalation of armed conflict in the horn of Africa nation. The US International Development Finance Corporation (DFC) says that the acts of violence against civilians in

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East Med energy could be key to improving Turkey-Israel relations

By Murat Temizer Turkey is the closest and most logical market for Israel’s natural gas, says expert The change of administration in Israel has ushered in an opportunity to improve energy relations between Turkey and Israel, according to Oguzhan Akyener, the president of Turkey’s Energy Strategy & Political Research Center (TESPAM) on Tuesday. Akyener told

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Turkey becomes one of world’s leading manufacturers of armed drones: Le Monde

Rise of Turkish drones, widespread use on battlefields is ‘indisputable phenomenon,’ says French newspaper Turkey has become one of the world’s leading manufacturers of armed unmanned aerial vehicles in just 15 years, French newspaper Le Monde said Friday. The newspaper examined Turkish armed drones (SIHA) under a separate title, “A technology at the service of

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