By Anadolu Agency The European Council president urged on Friday to set up a new “Energy Union” to tackle the energy crisis the EU faces. Charles Michel, who chairs the summits of EU leaders and represents the EU in diplomatic relations, released a video statement about Russia’s annexation of Ukrainian regions. In line with the

By Business Daily Africa President William Ruto has revived a proposal to impose higher taxes on Kenya’s super-rich and high-income earners, endorsing the introduction of a wealth tax that failed to sail through Parliament over the past four years. The idea is the latest in a long list of efforts to raise taxes on the

Russian President Vladimir Putin and Denis Pushilin, Leonid Pasechnik, Vladimir Saldo, Yevgeny Balitsky, who are the Russian-installed leaders in Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, attend a ceremony to declare the annexation of the Russian-controlled territories of four Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, after holding what Russian authorities called referendums in the

By Reuters The European Commission said on Thursday it would file a legal challenge against Malta for its so-called golden passport programme that allows wealthy foreigners to buy citizenship in exchange for an investment of around 1 million euros ($970,000). Holding a Maltese passport allows them to live and work in any EU country. In

By Anadolu Agency Global energy production may take years to diversify away from Russia, prolonging the risk of stagflation, the World Bank president has warned. Speaking at California’s Stanford University, David Malpass on Wednesday said the likelihood of a recession rose in Europe due to the weakness of the euro and high inflation, which further

The leaders of Ethiopia and Somalia on Wednesday signaled the neighbors will lay greater focus on economic ties in the coming future. Prime Minister Abiy Ahmed welcomed Somali President Hassan Sheikh Mahmoud on a two-day working visit to the capital Addis Ababa, his first trip to Ethiopia since taking office this May. According to Anadolu

By Anadolu Agency The EU on Wednesday proposed a new package of “biting” sanctions on Russia over its “escalation” in the ongoing Ukraine war, including an oil price cap. “Last week, Russia has escalated the invasion of Ukraine to a new level. The sham referenda, organized in the territories that Russia occupied, are an illegal

Somalia’s President Hassan Sheikh Mohamoud today visited Addis Ababa in Ethiopia. President Hassan Sheikh Mohamoud was welcomed by the Prime Minister of Ethiopia’s Abiy Ahmed. The president is expected to discuss the two officials in both countries and strengthening relations between Somalia and Ethiopia. Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017 Read: Somalia’s

Britain’s Labour Party MP Rupa Huq /Toby Melville/File Photo By Reuters An opposition Labour lawmaker was suspended from the party on Tuesday after being accused of making racist comments about British finance minister Kwasi Kwarteng, with a party spokesperson saying it would call on her to apologise. Rupa Huq, a lawmaker who represents an area

File Photo/Somali Times The African Union peacekeeping mission in Somalia, ATMIS, has praised the armed forces of Somalia for their achievements in the security operations to liberate Al-Shabab terrorist groups from the country. The ATMIS operation said that the Somali forces have demonstrated their offensive capabilities, which enabled them to take control of areas that