World now has three superpowers

KN. The unipolar era when the US was the only dominant superpower has given way to a multipolar world, retired US General Mark Milley admitted on Tuesday at a meeting…

Volkswagen planning mass layoffs – workers’, The carmaker also plans to shut down at least three factories in Germany in a bid to lower costs

KN. Volkswagen is looking to significantly reduce its workforce in Germany and shut down several factories in the country, amid a major overhaul aimed at lowering costs and increasing return…

Survey Shows China as Indonesia’s Closest Friend

KN. Pollster Indikator Politik Indonesia released its latest survey showing that 20 percent of the public called China Indonesia’s closest friend. followed by Malaysia (14.2 percent), Palestine (10.4 percent), and…

SOMALIA-TÜRKIYE DEFENSE DEAL AND THE REGIONAL IMPLICATIONS FOR EAST AFRICA

KN. Somalia and Türkiye recently agreed to a ten-year defense deal that will see Ankara helping Mogadishu with security cooperation and building the capacity of its naval forces. Somalia’s executive…

Germany downgrades economic forecast Gross domestic product is expected to decline by 0.2% this year, according to the ministry for economic affairs

KN. Germany’s gross domestic product (GDP) is expected to decline by 0.2% in 2024, representing a sharp downgrade from a previously projected 0.3% expansion, Berlin’s ministry for economic affairs has…