Bloomberg Somalia’s government cut diplomatic ties with neighbouring Kenya, citing interference in its internal affairs. The announcement was made a day after Kenyan President Uhuru Kenyatta said he’s holding talks with the leader of a breakaway region of northern Somalia that’s lobbying for international recognition. The rift in relations comes as the two nations prepare to square-off at an international ...

Bloomberg The European market for initial public offerings (IPOs) raised more money than in 2019, defying the coronavirus crisis and nail-biting Brexit negotiations this year, led by firms that benefited from pandemic-induced lockdowns. European exchanges hosted 161 IPOs and counting, worth a combined $28.3 billion, surpassing the $26.7 billion raised over 136 listings in 2019, according to data compiled by ...

Bloomberg The Swiss economy will shrink this quarter and recover less quickly than previously expected in 2021 as renewed restrictions to stem the spread of Covid-19 pandemic in Europe and elsewhere weigh on global momentum. Switzerland’s State Secretariat for Economic Affairs sees gross domestic product (GDP) expanding 3.2% next year, slower than the 4.2% previously forecast. It said the situation is ...