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US stocks record biggest drop since start of Iran war

Gokhan ErgocunFriday March 27, 2026 Markets on Thursday traded under a heavy cloud of uncertainty, with the New York Stock Exchange recording its steepest one-day decline since the start of the Iran war amid heightened tensions across the Middle East. The Dow slid 1.01%, losing 469.38 points to end at 45,960.11. The Nasdaq Composite fell 2.38%, or 521.74 points, to 21,408.08, while the S&P 500 dropped 1.74%, down 114.74 points, to close at 6,477.16. The Volatility Index (VIX), commonly dubbed the market’s “fear index,”…

Bakaara market traders protest alleged government plan to sell market land

Thursday March 26, 2026 Mogadishu (AX) — Tensions flared at Mogadishu’s Bakaara Market on Wednesday as hundreds of traders poured into the streets, accusing Somalia’s federal government of preparing to sell part of the market’s land to wealthy businessmen they say have close ties to those in power. The demonstrators blocked major roads leading into the sprawling market, denouncing what they described as an impending eviction that could wipe out their livelihoods. Many traders said the plan amounts to transferring public…

Salah to leave Liverpool at the end of the season

Timothy Abraham, BBC Sport journalist and Aadam Patel, Liverpool reporterWednesday March 25, 2026 Mohamed Salah’s nine-year Liverpool story is heading for its final chapter after the forward announced he will leave Anfield at the end of the season. The 33-year-old Egypt international, signed from Roma in June 2017, confirmed his decision in a video posted on his social media accounts. "Unfortunately the day has come. This is the first part of my farewell," Salah said. "I will be leaving Liverpool at the end of the season."…

Southwest State Accuses Federal Government of Escalating Military Confrontation

Monday March 23, 2026 Baidoa (AX) — A sharp new dispute between Somalia’s federal government and Southwest State is spilling into the security arena, with regional authorities warning that fresh troop deployments could ignite wider conflict and compound an already precarious humanitarian situation. In a statement released Monday from Baidoa, Southwest State officials said the arrival of Somali National Army forces in the region amounts to a military escalation rooted in political disagreements—issues they argued should be…

Somali Southwest parliament speaker accuses federal government of diverting Egyptian weapons

Monday March 23, 2026 Baidoa (AX) — A fresh accusation from Baidoa is intensifying a growing rift with Mogadishu, as the speaker of Southwest State’s parliament claims the federal government is diverting Egyptian-supplied weapons—intended for national defense—into a volatile local power struggle in the Southwest region. In a post on X dated March 21, 2026, Dr. Ali Said Fiqi alleged that rifles provided by Egypt to help Somalia battle al-Shabab are instead being distributed to militias in the Burhakaba district. “These…

Federal government rejects Southwest’s plan to dissolve Hudur district administration

Monday March 23, 2026 Baidoa (AX) — A fresh rupture in Somalia’s fragile federal balance erupted in Bakool on Monday after Southwest State’s interior minister abruptly dissolved the Hudur district administration, sharpening an already tense standoff between Baidoa and Mogadishu over who holds legitimate authority at the local level and how elections should be managed. Southwest State’s Minister of Interior, Local Government and Reconciliation, Mohamed Isaq Osman Fanah, announced the dissolution in a letter dated March 21,…

Israel says Iran launched first long-range missile of war, 4,000-km range

Serdar DincelSunday March 22, 2026 Iran fired what Israel described as its first long-range missile since the latest round of regional escalation erupted on Feb. 28, a launch the Israeli army said on Saturday carried a range of about 4,000 kilometers (2,485 miles). In a post on the US social media company X, Israel’s army said Iran’s missile capabilities extend far beyond the Middle East, asserting that Tehran has weapons able to reach major European capitals including Berlin, Paris, and London. Tehran "has carried out…

Southwest president accuses federal government of “invasion” amid escalating tensions

Sunday March 22, 2026 Baidoa (AX) — A sharp new escalation in Somalia’s federal-regional tensions unfolded in Baidoa on Saturday, when Southwest State President Abdiaziz Hassan Mohamed Laftagareen accused the federal government of what he called a “blatant invasion” of territories under his administration. Speaking to newly trained Southwest troops, Laftagareen said the central government is moving special forces into Southwest regions and using aircraft to transport militias and additional troops, a claim he framed as a…

U.S. allows 30-day at-sea sale of Iranian oil to ease oil prices

A sudden policy shift from Washington is sending ripples through global energy markets, as the Trump administration moves to counter surging oil prices amid escalating conflict with Iran. The United States on Friday issued a 30-day waiver allowing the purchase of Iranian oil at sea, a step officials say is aimed at easing supply pressures driven by nearly three weeks of U.S. and Israeli strikes on Iran. Treasury Secretary Scott Bessent said the measure could release roughly 140 million barrels of oil into global…

Arsenal’s bid for quadruple of major trophies no longer fantasy

By STEVE DOUGLAS Wednesday March 18, 2026 What once sounded fanciful now feels within reach: Arsenal’s push for a quadruple of major trophies is very much alive this season. The players scarcely have a moment to dwell on it. Arsenal booked a place in the Champions League quarterfinals by defeating Bayer Leverkusen 2-0 on Tuesday, clinching a 3-1 aggregate win. Mikel Arteta’s side also sits nine points clear at the top of the Premier League, meets Manchester City in Sunday’s English League Cup final, and has already…