August 2024

Bank of England Cuts Interest Rates for First Time Since 2020

The Bank of England on Thursday cut its main interest rate for the first time since the Covid-19 pandemic in 2020, as inflation in Britain declined over the past few months.

The bank’s Monetary Policy Committee voted by 5 to 4 to cut lending rates by…

Iraq, BP Sign MoU to Develop Oil and Gas Fields

The Iraqi government signed today a memorandum of understanding (MOU) with the British energy company ‘BP’ to develop four oil and gas fields in Kirkuk Governorate, north of the country.

The MOU was signed by Iraqi Minister of Oil Hayan Abdul Ghani a…

At Least 19 killed in Northeast Nigeria Bomb Attack

A bomb exploded in a teahouse in a village in northeast Nigeria, killing 19 people and wounding two dozen more in the second major attack in a few weeks, security sources said on Thursday.

The Wednesday night blast in Kawuri village in Borno State wa…