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US starts withdrawal from Paris Agreement

Donald Trump

The United States began on Monday the process of withdrawing from the Paris Agreement, according to a statement by U.S. Secretary of State Mike Pompeo. U.S. President Donald Trump announced in June 2017 that his country would leave the Paris Agreement. According to the agreement, its signatories can only formally …

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World Bank opens new office in Somalia

The World Bank has opened a new office in Somalia during its Vice President for Africa region Hafez Ghanem’s first visit to the country. The World Bank supports Somalia’s reform efforts as the country approaches the Decision Point for the heavily indebted poor countries (HIPC) program, said Ghanem who concluded …

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India declines to join 16-nation Asia-Pacific trade pact

Indian Prime Minister Narendra Modi has decided against the Regional Comprehensive Economic Partnership, (RECEP) one of the world’s largest free trade pacts that involve 16 nations in the Asia-Pacific region. The Indian leader declined to sign the agreement at a summit in Thailand on Monday, concerned that the proposed deal …

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