In this Feb. 24, 2020, file photo specialist Erica Fredrickson works with a colleague on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 25. (AP Photo/Richard Drew, File) Stocks slumped again on Wall Street Tuesday, piling on losses a day after the market’s

CBK governor Patrick Njoroge Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK data shows that the deposits fell in November to Sh612.5 billion compared to the previous month when it had reached the year’s peak of Sh625.4

The Turkish government is moving to exploit oil, gas and mining prospects in Somalia by establishing a mechanism that will allow both private and state-owned companies to explore energy opportunities in the country, which is strategically located in the Horn of Africa. A memorandum of understanding (MoU) between Turkey and Somalia on comprehensive energy and

© Provided by The Guardian Priti Patel with the new ‘iconic’ new design. Photograph: Home Office/PA By Henry McDonald Blue passports will be issued for the first time in almost three decades from next month to mark Britain’s departure from the EU, the government has announced. They will replace the standard-issue burgundy passports that were

University A. Bartlett Giamatti, an American professor of English Renaissance Literature once said, “Universities are not here to be mediums for the coercion of other people; they’re here to be mediums for the free exchange of ideas.” Many university rankings in the world today focus on factors unrelated to academic merit. Thus, some rankings of

Owners of bank shares have lost Sh31 billion over the past month as investors take profits from the rally that followed the removal of the cap on commercial lending rates. All the 10 banks have reported declines in share prices between January 20 and Thursday on what stock dealers linked to increased supply of the

Unemployment With the fourth industrial revolution fast approaching, what professions are safe from the technological takeover? We have all basked in the sun of technological advancements. We all celebrate when there is some new technology introduced. From 5G, self-driving cars, and even a drone delivery system, these things promise to make our day-to-day easier and

The Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own. (AP Photo/Mark Lennihan,

Photo/ Somali Times The president of the Jubbaland state, Sheikh Ahmed Mohamed Islam, presiding a Thursday meeting of the Jubbaland state cabinet. Meeting discussed issues including the fight against Terrorism, The Jubbaland Cabinet has long debated the Federal Constitution, which includes the Petroleum, Information and Electoral laws, and has approved that the Jubaland state is

Photo Credit Reuters Toby Melville Britain will prioritise access for high-skilled workers from around the world in its post-Brexit points-based immigration system, the government said on Tuesday, setting out its plans to put an end to a reliance on “cheap labour from Europe”. Concern over the impact of high levels of immigration from the European