deal

eBay has agreed to buy Depop from Etsy in a $1.2 billion deal, a move that deepens the online marketplace’s push into secondhand fashion and the Gen Z resale economy. The companies said the transaction is expected to close in the second quarter of this year. The acquisition is aimed at broadening eBay’s reach with younger shoppers and reinforcing its long-term growth strategy in “pre-loved” apparel and accessories, a category that has surged alongside climate-conscious and cost-aware buying habits. “Depop has built a…

White House warns Iran to ‘be wise’ and take deal as U.S. weighs strikes, bolsters forces The White House urged Iran to “be wise” and strike an agreement with the United States as Washington readies military options and builds up forces near Iran, even as Oman-mediated talks resume in Geneva. U.S. forces could be prepared to launch strikes as early as this weekend, CNN and CBS reported, though President Donald Trump has not made a final decision. “Iran would be very wise to make a deal with President Trump and with his…

Saudi Arabia’s quiet power play in Somalia’s new military pact Somalia and Saudi Arabia have signed a defense cooperation agreement in Riyadh, a move that folds one of the Horn of Africa’s most fragile states deeper into an increasingly crowded contest for Red Sea influence. The memorandum of understanding, announced by Somalia’s defense minister, Ahmed Moallim Fiqi, on X, comes weeks after Israel said it would recognize North Western State of Somalia — the northern, breakaway region of Somalia — as an independent state, a…

Somalia, Tanzania sign migration and travel pact to ease visas, bolster border security Monday February 16, 2026 MOGADISHU — Somalia and Tanzania have signed a memorandum of understanding to deepen cooperation on migration management and make travel easier between the two countries, officials said. The agreement was signed by Somalia’s Minister of Internal Security, Abdullahi Sheikh Ismail, known as Fartaag, and Tanzania’s Minister of Home Affairs, Patrobas Paschal Katambi. Senior immigration officials from both governments…

Monday February 9, 2026 Mogadishu (AX) — Saudi Arabia and Somalia have signed a new military cooperation agreement to strengthen defense ties, expanding counterterrorism efforts and enhancing maritime security in the Red Sea and the Gulf of Aden, officials from both countries said. The memorandum of understanding was announced by Saudi Defense Minister Prince Khalid bin Salman and Somali Defense Minister Ahmed Moallim Fiqi, marking a significant step in deepening the strategic partnership between Riyadh and Mogadishu. Under…

Ukraine’s foreign minister said only U.S. President Donald Trump can close a deal to end the war with Russia and urged an in-person summit between Presidents Volodymyr Zelensky and Vladimir Putin to settle the most sensitive points still blocking a cease-fire. “Only Trump can stop the war,” Foreign Minister Andrii Sybiha told Reuters in an interview in Kyiv, arguing that what remains of a 20-point peace framework must be decided at the leaders’ level. He said Kyiv wants to accelerate U.S.-brokered negotiations while momentum…

North Western State of Somalia eyes trade deal with Israel after recognition HARGEISA, Somalia — North Western State of Somalia expects to sign a trade partnership with Israel after receiving formal recognition from the Middle Eastern nation and is prepared to offer access to key natural resources as part of the pact, President Abdirahman Mohamed Abdullahi told Reuters. Israel recognized North Western State of Somalia, a self-declared independent region in northern Somalia, in late December. Prime Minister Benjamin Netanyahu…

President Donald Trump signed a short-term spending bill to end a four-day partial government shutdown, hours after the Republican-controlled House approved the measure 217-214 amid a bruising fight over funding for the Department of Homeland Security and the administration’s immigration crackdown. The closure, which began Saturday, halted or disrupted nonessential federal services until Congress sent the measure to the White House on Wednesday. Twenty-one Democrats joined Republicans to push the bill through, while an equal…

Somalia, EU sign €102 million budget-support deal to sustain reforms MOGADISHU — Somalia and the European Union on Friday signed a €102 million ($110 million) financing agreement that provides direct budget support and development funding to help stabilize public finances and keep reforms on track, Somali officials said. The deal, finalized in Mogadishu after high-level talks, signals continued European confidence in the government’s state-building agenda after decades of conflict and institutional collapse. EU officials…

Trump says U.S. in talks with Havana after threatening tariffs on oil shipments to Cuba WASHINGTON — President Donald Trump said Washington is negotiating with Cuba’s leadership to reach a deal, days after threatening to choke off the island’s fuel supply by imposing tariffs on countries that sell oil to Havana. The push-and-pull approach comes as the second Trump administration escalates pressure on the communist-run island following the U.S. ouster of Venezuelan leader Nicolás Maduro last month. Venezuela, a longtime ally,…