Business

US puts hold on foreign arms sales, including F-35s to UAE

FILE – In this Aug. 5, 2019 photo released by the U.S. Air Force, an F-35 fighter jet pilot and crew prepare for a mission at Al-Dhafra Air Base in the United Arab Emirates. The Biden administration has put a temporary hold on several major foreign arms sales initiated by former President Donald Trump. Officials

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President Farmajo receives the UK Defense Minister at the Presidential Palace

Photo/Somali Times The President of the Federal Republic of Somalia Mohamed Abdullahi Farmajo received at the State House the Minister of Defense of the United Kingdom Ben Wallace accompanied by the British Ambassador to Somalia Ben Fender. President Farmajo shared with the Minister the successful plans of the Federal Government of Somalia in the process

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Boeing posts $8.4 billion loss on weaker demand for planes

FILE – In this Jan. 25, 2020, file photo a Boeing 777X airplane takes off on its first flight with the Olympic Mountains in the background at Paine Field in Everett, Wash. Boeing is reporting another huge loss, this one because of a setback to its 777X widebody jetliner. Boeing said Wednesday, Jan. 27, 2021,

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CAAT: UK government must halt arms sales to Egypt

Credit Associated Press John MacDougall. On the tenth anniversary of the Egyptian uprising, the Campaign Against the Arms Trade (CAAT) has called on the UK government to end arms sales and support for the Egyptian regime. In the statement, the group said it held the Egyptian military regime responsible for massacring protesters and torturing dissidents,

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Ronaldo turns down multi-million Saudi advertising deal

Portugal’s Cristiano Ronaldo reacts during the 2018 FIFA World Cup in Moscow in Russia on 20 June 2018 [Sefa Karacan/Anadolu Agency] Portuguese and Juventus striker Cristiano Ronaldo has turned down a multi-million advertising offer from the Saudi Arabia tourism authority. According to The Telegraph Sport, the football star was offered €6 million (£5.3m) annually to

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Borrowing tops £1bn a day and double-dip recession looms

Sunak: ponders tax rises / REUTERS By Simon English The government is borrowing more than £1 billion a day to keep the UK economy afloat, the latest “eye-wateringly large” official figures show. Tumbling retail sales and other economic indicators were also grim with a “double-dip” recession likely. The hard-hit services sector, three quarters of the

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Top Turkish diplomat meets NATO chief

Should further strengthen unity, solidarity within the Alliance, says Cavusoglu Turkey’s top diplomat met the chief of NATO in Brussels on Friday. “Should further strengthen unity and solidarity within the Alliance,” Mevlut Cavusoglu said in a Twitter post after meeting Jens Stoltenberg at the NATO headquarters. “Turkey assumes critical and leading roles in ensuring the

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UK pledges Sh8 billion for Kenya affordable housing scheme

UK Foreign Secretary Dominic Raab. Kenya is set to receive at least Sh8 billion from the UK to fund the construction of affordable housing. UK Foreign Secretary, Dominic Raab said Wednesday the funding — which would come in tranches — is part of the UK government’s support of President Uhuru Kenyatta’s vision of providing 100,000

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Somalia’s Foreign Minister report to the UN on the situation in the country

Photo/Somali Times The Minister of Foreign Affairs of the Somali Government, Mohamed Abdirasak Mohamoud, held a private meeting with Volkan Bozkir, the current President of the 75th Session of the United Nations General Assembly. During the meeting, which took place in the United States, the two leaders discussed the situation in Somalia, which is currently

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The EU begins at €14.7M livestock fisheries project with Somalia

Photo/Somali Times The EU on Wednesday launched a fisheries and livestock project to expand the Somali economy and improve the lives of farmers. Speaking during the launch ceremony in the capital Mogadishu, Nicolas Berlanga Martínez, the EU ambassador to Somalia, said the 14.7 million euro ($17.7 million) project is aimed at revitalizing the Somali economy,

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