Business

Chinese exports jump as pandemic wanes in US, other markets

A gantry crane moves containers at a port in Qingdao in eastern China’s Shandong province Friday, June 4, 2021. China’s exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the U.S. and other markets where the pandemic is waning, though growth is leveling off after a stunning recovery from last

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Here are all the major businesses owned by Rihanna

Singer Rihanna. Photo: Fenty Beauty. By ABU MUBARIK Robyn Rihanna Fenty, 33, is considered one of the greatest musicians worldwide. The Barbados singer was recently certified by Forbes as the richest female musician globally with a net worth of $600 million. Rihanna built her wealth in and outside the studio. Besides being a top-class musician,

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Turkey lands new deal to provide 118 armored combat vehicles to Kenya

Katmerciler’s tactical wheeled armored 4×4 vehicle Hızır. (Courtesy of Katmerciler) In the latest of successful deals, a Turkish defense firm has landed a new contract to provide 118 armored vehicles to Kenya, expanding its footprint in Africa. Our tactical wheeled armored 4×4 vehicle Hızır has been hailed all over Africa. Our expansion in the African

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UK’s Sunak says world is watching as G7 debates tax reform

Britain’s Chancellor of the Exchequer Rishi Sunak meets with U.S. Treasury Secretary Janet Yellen, in London, Britain June 3, 2021. REUTERS/Hannah McKay/Pool By David Milliken Britain said the world was relying on a gathering of some of the richest nations to agree reforms to outdated global tax rules, as finance ministers from the Group of

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Property developers freeze fresh investments on low gains, occupancy

Britam Group managing director Tavaziva Madzinga. By ELIZABETH KIVUVA A growing number of property developers have frozen investments in the construction of residential houses and commercial spaces amid struggles with low occupancy rates and low returns. In the latest shift, insurance group Britam said it will stop new property developments as part of its five-year

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Saudi stock market trading stops over technical error

File – In this June 15, 2015, file photo, a Saudi man walks through the Tadawul Saudi Stock Exchange in the Saudi Arabian capital, Riyadh. Saudi Arabia’s key stock market suspended trading Wednesday, June 2, 2021, over what it referred to as a technical glitch, without elaborating. (AP Photo/Hasan Jamali, File) Saudi Arabia’s key stock

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Egypt expects foreign investment to surge to $7bn

Egyptian currency [Flickr/Emi Moriya] Egypt’s net foreign direct investments (FDI) are expected to rise to $7 billion during the next financial year, the Minister of Planning, Hala El-Said, announced yesterday. The Egyptian financial year begins in July and lasts until the end of June of the following year. “FDI is expected to reach $6.8 billion

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World stocks set for 4th month of gains, yuan slips

A man wearing a facial mask, following the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei (top in C) and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo By Saikat Chatterjee World equities were firmly on track to

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President Farmajo receives credentials from new Indian ambassador

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, who received credentials from the new Ambassador of the Government of India, Virander Kumar Paul, highlighted the government’s fruitful efforts to strengthen ties and cooperation with international partners in the country. Ambassador Kumar conveyed to President Mohamed Abdullahi Farmajo a message of

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Biden’s big budget comes with a modest growth outlook for an aging country

President Joe Biden delivers remarks on the economy at the Cuyahoga Community College Metropolitan Campus, Thursday, May 27, 2021, in Cleveland. (AP Photo/Evan Vucci) By Dan Burns, Ann Saphir President Joe Biden’s first budget proposal comes with a big price tag – at $6 trillion, roughly 50% higher than pre-COVID-19 federal spending – but, at

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