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Ethiopia's Naval Base Deal with Somaliland Sparks Tensions in the Horn of Africa
Tensions are escalating in the Horn of Africa as Ethiopia pursues a deal to secure twelve miles of sea access along the Somaliland coast for the next 50 years. The agreement includes plans for Ethiopia to construct a naval base at the port of Berbera in exchange for recognizing Somaliland as an independent country in the future. The potential deal has triggered opposition from Somalia, which views the growing ties and military cooperation between Ethiopia and Somaliland as an assault on its territorial integrity and has labeled it "an act of aggression." Somaliland seceded from Somalia in 1991 but lacks international recognition as an independent state.
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On Friday, shares of State Bank of India (SBI) (500112) experienced a marginal decline of 0.13%, closing at 641.85 Indian rupees. This occurred against the backdrop of an overall positive trading session for the stock market, with the S&P BSE Sensex Index (1) registering a 0.2...
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US blue-chip stocks saw one of their worst starts to the year in a decade, breaking a nine-week bull run. Despite a 0.2% gain on Friday, the S&P 500 index experienced a 1.5% loss for the shortened four-day trading week, leaving investors uncertain about the balance between pot...
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