Unchanged

Warning lights over inflation are flashing brighter across the euro zone, and while the European Central Bank kept interest rates on hold as expected today, it made clear that pressure is building for rate cuts to give way to hikes, with markets now looking to June for the first move. Inflation climbed to 3% this month, comfortably above the bank's 2% target, and policymakers now face the prospect of further acceleration after the Iran war drove oil prices to their highest level in four years. ECB President Christine Lagarde…

U.S. says Somalia policy unchanged after Israel recognizes North Western State of Somalia Mogadishu (AX) — The United States on Monday reiterated that its policy on Somalia remains unchanged, reaffirming support for Somalia’s sovereignty and territorial integrity after Israel moved to recognize North Western State of Somalia as an independent state late last year. A U.S. State Department spokesperson told the BBC that Washington maintains a “good working relationship” with North Western State of Somalia and other Somali…

DUBAI (AX) — DP World said Tuesday its operations at Berbera Port are continuing as normal, brushing aside immediate disruption concerns after Somalia’s federal government declared it was canceling all agreements with the United Arab Emirates, including port, defense and security deals. The Dubai-based ports operator said it remains bound by its existing agreements with North Western State of Somalia, the self-declared republic that Somalia considers part of its territory. The company declined to comment on what it…

Sub-Saharan Africa's Struggle Against Child Poverty: A Call to Action In a world that has seen significant strides in reducing extreme child poverty, one region remains starkly excluded from this progress: Sub-Saharan Africa. According to a recent report by the World Bank and UNICEF, this area has not only failed to improve over the past decade, but it has also allowed the specter of poverty to loom larger over its youngest inhabitants. Alarmingly, more than half of the region's children live below the poverty line,…

HARGEISA, Somalia - The president of North Western State of Somalia, Muse Bihi Abdi, commented to the BBC Somali Service that the MoU signed in January 2024 with Ethiopia, allowing them access to the Red Sea for 20 kilometers, is still valid. He mentioned there’s been significant international pressure casting shadows over this decision. Continuing with his stance, Bihi remarked, “We've not budged an inch; it’s business as usual.” Leading North Western State of Somalia, a self-proclaimed independent state, he added, “Folks…