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    ‘It’s like we went bankrupt overnight’: poorest Somalis suffer as piles of worthless shillings mount up

    ByMohamed Gabobe in Mogadishu May 11, 2026

    Banknotes are now so tattered that even buses refuse to accept them, as a dollarised economy and mobile phone payments push up the cost of essentialsAs US troops withdrew from Somalia in the spring of 1994, a teenaged Muse Omar Jama began working as an…

    Read More ‘It’s like we went bankrupt overnight’: poorest Somalis suffer as piles of worthless shillings mount upContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Currencies | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Palestinian territories | Petrol prices | Stock markets | World news

    Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happened

    ByJulia Kollewe May 6, 2026May 6, 2026

    Iran’s Islamic Revolutionary Guard Corps navy has announced the strait of Hormuz could reopen following the end of ‘threats from aggressors’Job vacancies in the UK bounced back in March but remained near a five-year low, and openings for graduates slum…

    Read More Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – as it happenedContinue

  • Ayatollah Ali Khamenei | Benjamin Netanyahu | Brics | Business | Currencies | Dollar | Donald Trump | Economics | Gaza | International trade | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Palestinian territories | Petrol prices | Trump administration | US news | World news

    Trump is accelerating the world’s slow drift from dollar dominance | Heather Stewart

    ByHeather Stewart March 1, 2026

    Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlookWhat the US-Israeli attacks on Iran mean for oil pricesDonald Trump’s attack on Iran, with its puerile Pentagon nametag, Operation E…

    Read More Trump is accelerating the world’s slow drift from dollar dominance | Heather StewartContinue

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