World Bank downgrades Kenya’s growth to 5 percent

By Business Daily Africa The World Bank has downgraded Kenya’s 2023 growth outlook to 5 percent amid concerns over increased commodity prices including fuel and the effects of an ongoing drought. The Bank had earlier projected the country’s growth at 5.5 percent but the prospects have been dampened by high inflation rates and food insecurity

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Musk offers to end legal fight, pay $44B to buy Twitter

By The Associated Press Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. The mercurial Tesla CEO made the offer in a letter to Twitter, which the company disclosed in a filing Tuesday with the

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Russia’s gas supply cutoff to European countries growing

By Anadolu Agency The number of European countries suffering from the gas supply cut from Russia’s state-owned Gazprom is growing every day at a time when winter is fast approaching. While Europe is putting Russia in an economically difficult situation with a wide range of sanctions due to the war, Kremlin’s counterattacks are deepening the

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Saudi prince has immunity in Khashoggi killing lawsuit, say lawyers

By Reuters Lawyers for Saudi Arabian Crown Prince Mohammed bin Salman, facing a U.S. lawsuit over the 2018 killing of Saudi journalist Jamal Khashoggi, told a court on Monday the crown prince’s appointment as prime minister last week ensured him immunity from prosecution. Khashoggi was killed and dismembered by Saudi agents in the Saudi consulate

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‘I am a huge Zionist,’ says British Prime Minister Liz Truss

By Anadolu Agency British Prime Minister Liz Truss said she is a “huge Zionist” and a “huge supporter of Israel,” a video shared online showed. The video, which was shared many times on social media platforms, shows Truss speaking at a Conservative Friends of Israel (CFI) event during her party’s fall conference being held in

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Arizona police fatally shoot Somali man who allegedly threw rocks at their cars

Phoenix police fatally shot Ali Osman — Photo Credit: NBC News By Face2Face Africa The family of a Somali man, who was fatally shot by Phoenix police after he allegedly threw rocks at their cars, is calling on authorities to look into the circumstances surrounding his killing. Police in a news release said that officers

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Switzerland has ‘systemic’ racism issues, UN experts say

By Reuters Switzerland has a serious systemic problem with racism against people of African descent, according to a report presented to the U.N. Human Rights Council on Monday, giving a broad range of examples from police brutality to a children’s game. The U.N.-appointed working group noted positive measures taken by Switzerland but still voiced concerns

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‘Significant risk’ of gas shortages this winter, Ofgem warns

Gas supplies to Europe from Russia have dried up in recent months (Yui Mok/PA) / PA Wire Evening Standard By August Graham Britain faces a “significant risk” of gas shortages this winter, regulator Ofgem has warned as the supply from Russia to Europe has been all but cut off. The regulator said the country might

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Euro zone cuts spend on Kenya flowers as inflation bites

Flowers are grown in a greenhouse at a farm in Nakuru County By Business Daily Africa Consumers in Europe have cut spending on Kenyan flowers amid a cost of living spike in the western world that has forced households to drop essential purchases such as food and drinks, threatening thousands of jobs locally. Inflation in

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World shares mostly lower as recession fears deepen

A person stands near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, Oct. 3, 2022, in Tokyo. Asian shares were mostly lower on Monday after Wall Street closed out a miserable September with a loss of 9.3%, the worst monthly decline since March 2020. (AP Photo/Eugene Hoshiko) By The

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