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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…

FIFA's Bold Commitment: Investing Over $1 Billion in African Football The world of football is changing, particularly in Africa, where the sport has become a powerful catalyst for unity, culture, and hope. This transformation was underscored recently by FIFA President Gianni Infantino during his address at the Confederation of African Football (CAF) meeting in Kinshasa. Infantino proudly announced that since the initiation of the FIFA Forward Program in 2016, FIFA has poured over $1 billion into the development of African…

Anthropic settlement is a turning point in the AI-versus-authors fight — but the larger battle is only beginning The tentative deal announced this week, in which Anthropic has agreed to pay at least $1.5 billion to resolve a U.S. class action alleging that the company trained its Claude models on pirated books, marks one of the clearest commercial reckonings so far between generative-AI companies and the creators whose work fuels them. On its face the settlement is startling: the filing says it covers roughly 500,000…

EU slaps Google with €2.95 billion fine — a test of whether Europe can actually tame Big Tech BRUSSELS — In a decisive move that underscores Europe’s determination to reshape the digital economy, regulators on Friday fined Google €2.95 billion ($3.5 billion), ruling that the U.S. search giant abused its dominance in online advertising by steering business to its own services and squeezing rivals, publishers and advertisers. The European Commission said the practice — centered on Google’s AdX exchange and DFP ad server —…