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NEW DELHI/DUBAI — India signed a $3 billion liquefied natural gas supply deal with the United Arab Emirates on Monday, elevating India to the UAE’s top customer and deepening ties as the two countries pledged to expand trade and pursue a strategic defense partnership. Under the agreement, Abu Dhabi’s ADNOC Gas will supply 0.5 million metric tons of LNG annually to Hindustan Petroleum Corp. for 10 years. ADNOC Gas said the contract lifts the total value of its agreements with Indian buyers to more than $20 billion,…

The White House has asked countries to pay $1 billion for a permanent seat on a new “Board of Peace” chaired by U.S. President Donald Trump, according to a draft charter seen by AFP and shared with invitees. The body—initially framed as a vehicle to oversee Gaza’s reconstruction—would be empowered to address conflicts far beyond the Palestinian territory, positioning itself as an alternative to existing multilateral institutions. Under the terms outlined in the charter, member states would be represented by their heads of…

Ethiopian Airlines breaks ground on $12.5 billion Bishoftu International Airport, billed as Africa’s largest by 2030 Ethiopian Airlines has launched construction on a $12.5 billion greenfield hub in Bishoftu, a town about 45 kilometers (28 miles) southeast of Addis Ababa, in a project officials say will become Africa’s biggest airport when completed in 2030. The state-owned carrier has been awarded the contract to design a four-runway complex at the site, where earthworks have begun. Prime Minister Abiy Ahmed Ali, announcing…

Somalia’s Parliament approves $1.39 billion 2026 national budget in joint session MOGADISHU — Somalia’s bicameral Federal Parliament on Tuesday approved the National Budget for the 2026 fiscal year, endorsing a $1,386,807,242 spending plan during a joint session held in Mogadishu. The budget’s passage, by an overwhelming majority, sets the federal government’s financial framework for the coming year. According to parliamentary results, 174 lawmakers voted in favor, four opposed, and one abstained, signaling broad…

Somalia’s Parliament Approves $1.38 Billion 2026 Budget Amid Chaos MOGADISHU, Somalia — In a raucous joint sitting, Somalia’s federal parliament on Tuesday approved a national budget of $1,386,807,242 for the 2026 fiscal year, pushing the spending plan through despite loud and repeated procedural disruptions on the floor. Parliamentary officials said 174 lawmakers voted in favor, four opposed it and one abstained. The vote capped a session in which interruptions and objections forced pauses but did not derail the tally. The…

EU leaders agreed to provide Ukraine a €90 billion loan to cover looming budget shortfalls after more than a day of talks in Brussels, but they failed to unite behind a plan to tap frozen Russian assets to finance the support. The deal offers Kyiv a financial lifeline as the government braces for a cash crunch expected to hit by April and as U.S. President Donald Trump urges a quick settlement to end Russia’s war. EU chief Antonio Costa announced the outcome on X, saying, “We have a deal. Decision to provide 90 billion euros…

Donald Trump has filed a $10 billion (€8.5 billion) lawsuit against the BBC, alleging the broadcaster defamed him by editing his 2021 speech to supporters ahead of the U.S. Capitol riot and violating Florida consumer protection law. The complaint, filed in federal court in Miami, seeks damages “in an amount not less than $5,000,000,000” for each of two counts: defamation and violation of the Florida Deceptive and Unfair Trade Practices Act. Trump previously signaled the suit was imminent, accusing the BBC of having “put…

Trump unveils $12 billion farm aid as he threatens new Mexico tariffs, presses China on soybeans WASHINGTON — President Donald Trump on Monday announced a $12 billion aid package for U.S. farmers hammered by low prices and trade disputes, pairing fresh relief with a new tariff threat against Mexico and fresh pressure on China to accelerate soybean purchases. The White House said $11 billion will flow as one-time direct payments to row-crop producers through the Agriculture Department’s Farmer Bridge Assistance Program.…

Summary Former US president Donald Trump has announced plans to sue the BBC for up to $5 billion after the British broadcaster apologised for a misleading edit of his remarks that aired in a documentary about the 6 January 2021 Capitol assault. The dispute has produced high-level resignations at the BBC and a public standoff over whether the edit amounts to defamation. Trump says he will file suit “anywhere between a billion and five billion dollars” and signalled legal papers could follow within days. The BBC…

Aliko Dangote signs US$1 billion investment deal with Zimbabwe Aliko Dangote, widely regarded as Africa’s richest man, has signed a landmark US$1 billion investment agreement with the government of Zimbabwe, officials said, marking a significant vote of confidence in the country's economy under President Emmerson Mnangagwa. Deal scope and sectors According to the terms announced after a meeting between Dangote and President Mnangagwa, Dangote’s conglomerate will channel funds into cement manufacturing, power generation…