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

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

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

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

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,

Egyptian stall in Cairo, Egypt on 4 February 2014 [Laura Cuttier/Flickr] Egypt’s non-oil trade balance deficit reached $38.3 billion in 2020, the Egyptian trade and industry ministry announced yesterday. In an official statement, the ministry said that the country’s non-oil exports amounted to $25.29 billion, compared to $46.22 billion in 2019, marking a 17 per

Kenya has widened its debt service relief request to all its bilateral lenders, hoping to save Sh69 billion, the National Treasury has said. The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.

Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise after closing Monday at $54.75

A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato By Ritvik Carvalho LONDON (Reuters) – Global stock markets sank on Monday as soaring COVID-19 cases offset investor hopes

Pakistan and Turkey on Wednesday agreed to pursue a joint strategy on matters of mutual interests at the international level, according to Pakistan’s Foreign Ministry. The agreement came during a meeting between Pakistan’s Foreign Minister Shah Mahmood Qureshi and his Turkish counterpart Mevlut Cavusoglu in Islamabad. Cavusoglu arrived on his three-day official visit to Pakistan