Receive Breaking News updates as they occur
By Abdi Sheikh MOGADISHU (Reuters) - John Kerry met with Somalia's President Hassan Sheikh Mohamud on Tuesday on an unannounced visit, the first trip by a U.S. secretary of state to the Horn of Africa nation that is battling an al Shabaab insurgency after two decades of civil war. "The roads are less bumpy and we have traffic jams," he said. Kerry replied: "Traffic jams! Well, you're getting normal." The United States and Western nations have poured aid into Somalia to help reconstruction and prevent it sliding back into the hands of al Shabaab, who still use territory they control to launch attacks there and on neighbouring states, such as Kenya. An African Union force, AMISOM, supported by U.S. drone strikes has pushed al Shabaab from their strongholds Somali officials were only told on Monday of Kerry's visit, initially being told a lower ranking official was arriving.
WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $524 million for the first quarter, down sharply from the same period of 2014, as it sustained losses on the investments it uses to hedge against swings in interest rates.