Business

Top 10 Issues that will Strengthen Africa-China Ties in 2021

China-Africa By Sebastiane Ebatamehi. China is building a COVID-19 vaccine distribution pipeline in Africa, Over the years, the relationship between Africa and China has been the basis for many debates, with critics divided on whether the partnership has done more harm than good to the African continent. Those who support Africa’s ties with the Asian

Read More

Britons set for a post-Covid spending binge, says Bank chief

Andrew Bailey suggested people might ‘go for it’ on spending after the crisis. Photograph: Tolga Akmen/PA By Larry Elliott Bank of England governor Andrew Bailey says economy should make a strong recovery from the pandemic The Bank of England is braced for the possibility that a mood of national depression that engulfed Britain as it

Read More

Turkey eyes becoming 10th largest global economy

Turkey engaging in major investments, projects to be among top 10 largest global economies, says nation’s president Turkey is engaging in major investments and projects, hoping to become one of the world’s top 10 largest global economies, the country’s president said Saturday. ”To make our country one of the 10 biggest economies in the world,

Read More

Shell’s profit slumps in 2020 as the pandemic bites

Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin By Ron Bousso, Shadia Nasralla LONDON (Reuters) – Royal Dutch Shell’s profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy

Read More

Turkey’s exports hit highest January figure so far

Surpassing $15 billion last month, Turkey’s exports hit the highest January figure of the country’s history, the trade minister said on Tuesday. Turkey’s exports in January rose 2.5% year-on-year, Ruhsar Pekcan said at a meeting in the capital Ankara where she revealed preliminary Trade Ministry data. On the imports, she said they amounted to $18.1

Read More

Oil prices up over Saudi output cut, vaccine hopes

Oil prices rose on Monday, boosted by the start of Saudi Arabia’s production cut of 1 million barrels per day (bpd) and with positive reports on the new coronavirus vaccines. International benchmark Brent crude was trading at $55.38 per barrel at 0654 GMT for a 0.65% rise after closing the previous session at $55.02 a

Read More

President Farmajo issues statement meeting with the international community

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, who received at the State House the Ambassadors and Representatives of the International Community based in Mogadishu, shared the Government’s commitment to holding transparent elections, in line with the Agreement reached on 17 September 2020. The Federal Parliament of Somalia. The President

Read More

Italy blocks arms sales to Saudi Arabia, UAE

Credit/Anadolu Agency/ Italy’s Foreign Minister Luigi Di Maio. Italian foreign minister says halt was necessary to protect human rights Italy has blocked exports of arms to Saudi Arabia and the UAE, the Foreign Ministry said on Friday, following warnings by activists and lawmakers about the use of weapons in violation of human rights in Yemen.

Read More

Kenya seeks G20 Sh32bn debt holiday extension

National Treasury building. By OTIATO GUGUYU Kenya may receive additional debt relief from the Paris Club of international creditors to help ease Covid-19 related financial distresses. The country has already received Sh32.9 billion loan repayment break which it would have paid between January and June and will make more savings if the period is extended

Read More

UK under pressure to follow Biden’s lead with freeze on Saudi Arabia arms sales

FILE – In this Sept. 19, 2019 file photo, the an F-35 fighter jet arrives at the Vermont Air National Guard base in South Burlington, Vt. The Wisconsin Air National Guard unit based in Madison has been awarded a squadron of F-35 fighter jets. U.S. Sen. Ron Johnson said Wednesday, April 15, 2020 that the

Read More