Browsing Tag

deal

Pressure Grows to Fire Malawi Officials Over Amaryllis Hotel Deal

President Peter Mutharika has been asked to dismiss Finance Minister Joseph Mwanamveka and Attorney General Frank Mbeta and to suspend George Partridge, governor of the Reserve Bank of Malawi, over their alleged links to the controversial Amaryllis Hotel deal, according to a statement released Friday. The purchase of the luxury Amaryllis Hotel by the Public Service Pension Trust Fund (PSPTF) has triggered a high-stakes public finance controversy. Lawmakers on the Public Accounts Committee of Parliament have opened an…

Somalia and U.S. State of West Virginia Sign Minerals Cooperation Deal

Saturday March 14, 2026 MOGADISHU — Somalia’s federal government on Friday signed a memorandum of understanding with the U.S. state of West Virginia to develop the country’s critical mineral resources, officials said. The agreement, signed by Somalia’s Minister of Petroleum and Mineral Resources Dahir Shire Mohamed and West Virginia Senate Secretary Kris Warner, sets a framework for cooperation in the exploration, extraction and processing of minerals. Deputy Prime Minister Salah Ahmed Jama led Somalia’s delegation.…

Trump says Zelensky must seal a deal with Russia, insists Putin is ready

Trump says Zelensky is obstacle to Russia deal, calls Putin ‘cooperative’ in Politico interview President Donald Trump said Ukrainian President Volodymyr Zelensky is the obstacle to a settlement with Russia and described Russian President Vladimir Putin as cooperative, sharpening his pressure on Kyiv as the war grinds on. “Zelensky, he has to get on the ball, and he has to get a deal done,” Trump said in an interview with Politico. Returning to language he used during a tense White House meeting a year ago — when he and Vice…

Paramount agrees to acquire Warner Bros. Discovery in $110B blockbuster deal

Paramount Skydance will acquire Warner Bros Discovery in a $110 billion (€93 billion) transaction, ending a high-stakes bidding war after Netflix declined to match Paramount’s latest offer, the companies said. The deal, with an equity value of about $81 billion, is slated to close in the third quarter of 2026, pending regulatory approvals and other customary conditions. Reuters first reported that a deal had been reached, citing an audio clip from a global town hall. Shares of Paramount rose about 1% in extended trading,…

U.S. and Iran edging toward deal framework, Iranian official says

U.S. and Iran edge toward framework as Geneva nuclear talks resume, but missile rift looms GENEVA — The United States and Iran could reach a framework agreement if Washington separates nuclear issues from other disputes, a senior Iranian official said, as a third round of indirect talks resumed in Geneva amid rising regional tensions and a U.S. military buildup. The official said “new ideas” surfaced in a three-hour session mediated by Oman between Iranian Foreign Minister Abbas Araqchi and U.S. envoys Steve Witkoff and…

Egypt denies Red Sea access deal with Ethiopia for Nile dam concessions

CAIRO — Egypt on Tuesday denied reports that it was prepared to grant Ethiopia access to the Red Sea in return for flexibility from Addis Ababa over the Grand Ethiopian Renaissance Dam (GERD), calling the claims “entirely baseless,” according to the state-run Middle East News Agency. An official source, quoted by MENA, “categorically rejected” the circulating reports, stressing that “such reports are entirely baseless and unfounded.” The source added that “Egypt’s stance on water security and the GERD remains firm and…

Zimbabwe Government Withdraws from $367 Million U.S.-Funded Health Deal

HARARE — A group of public health physicians urged Harare and Washington on Thursday to resume negotiations after the collapse of a proposed $367 million bilateral health agreement that health experts say would have strengthened Zimbabwe's fragile health system. The proposed package, officials and health specialists said, was aimed at bolstering priority programs including HIV/AIDS treatment and prevention, tuberculosis control, malaria response, maternal and child health services and disease outbreak preparedness. Its…

European Union urges U.S. to honor trade deal as Trump raises tariffs

European Commission presses U.S. to honor EU-U.S. trade deal after Trump lifts global tariffs to 15% The European Commission urged Washington to honor last year’s EU-U.S. trade deal after President Donald Trump temporarily raised the global duty on imports to 15%, a move announced a day after the Supreme Court curtailed much of his tariffs campaign. “A deal is a deal. As the United States’ largest trading partner, the EU expects the US to honour its commitments set out in the Joint Statement — just as the EU stands by its…

Trump mulls military strike as Iran readies new nuclear deal offer

Trump says he is considering limited strike on Iran as talks crawl toward draft deal US President Donald Trump said he is weighing a limited military strike on Iran, escalating pressure on Tehran even as Iranian officials claimed a draft agreement with Washington to curb its nuclear program could be ready within days. Trump has repeatedly warned that “bad things” would happen if Iran does not strike a deal within a deadline he first set at 10 days and later extended to 15. Asked by a reporter whether he was contemplating a…

Turkey challenges Greek energy deal near Crete, citing 2019 Libya accord

ANKARA, Türkiye — Türkiye on Thursday denounced Greece’s new agreement with U.S. energy major Chevron to explore for hydrocarbons south of Crete, calling the move unlawful and contrary to good-neighborly relations in the Eastern Mediterranean. “We oppose this unlawful activity, which is being attempted in violation of the 2019 Memorandum of Understanding on Maritime Jurisdiction between Libya and our country,” the Turkish Defense Ministry said at its weekly briefing. The ministry added that while the work does not directly…