Business

Boris Johnson set to become next UK PM as Conservatives announce new leader

Boris Johnson, a leadership candidate for Britain’s Conservative Party, leaves his office in London, Britain July 22, 2019. REUTERS/Henry Nicholls Boris Johnson is expected to be elected leader of Britain’s governing Conservative Party and the country’s next prime minister on Tuesday, tasked with following through on his “do or die” pledge to deliver Brexit in

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Trump says U.S. working with Pakistan to find way out of Afghan war

U.S. President Donald Trump greets Pakistan’s Prime Minister Imran Khan in the Oval Office at the White House in Washington, U.S., July 22, 2019. REUTERS/Jonathan Ernst President Donald Trump, speaking at a White House meeting with visiting Pakistani Prime Minister Imran Khan, said on Monday the United States is working with Islamabad to find a

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PM front-runner Boris Johnson says trade deal can break Brexit deadlock

Boris Johnson, a leadership candidate for Britain’s Conservative Party, speaks during a hustings event in London, Britain July 17, 2019. REUTERS/Peter Nicholls Boris Johnson, favoured to become Britain’s new prime minister, said on Sunday the country could agree a free trade deal to leave the European Union that would remove the need for one of

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Gulf tanker incidents may raise shippers’ costs, cut traffic

In this May 2, 2013 photo the Liberian-flagged oil tanker Mesdar is seen at an unknown location. British Foreign Secretary Jeremy Hunt confirmed Friday July 19, 2019 that Iran had seized one British, the Stena Impero, and one Liberian-flagged vessel, Mesdar, in the Strait of Hormuz. It was the latest escalation of tension in the

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Kenya: Rotich spent most of taxpayers’ money on salaries and debts

In the 11-months to May, National Treasury Cabinet Secretary Henry Rotich spent nearly all the tax collected on items that can’t spark economic growth. For every Sh100 that the Kenya Revenue Authority (KRA) collected during 2018/19 financial year, about Sh61 went pay interest, salaries and pensions leaving very little for development activities such as building

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Nigerian business magnate is the only Black man in the top 100 of the latest billionaires list

Nigerian president Muhammadu Buhari hosting billionaires Bill Gates and Aliko Dangote Nigerian billionaire and business magnate, Aliko Dangote, is the only black man in the top 100 of Bloomberg‘s 2019 billionaires list proving his position in the global sphere and unrelenting business acumen. Born in Kano State in Nigeria, Dangote has a total net worth

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Duale denies links to firm at centre of Sh2bn tender scandal

National Assembly Majority Leader Aden Duale. A firm believed to him has been awarded government tenders worth Sh2.6 billion over the last ten years, a Nation investigation has revealed. A firm believed to be associated with Garissa Township MP and National Assembly Majority Leader Aden Duale has been awarded government tenders worth Sh2.6 billion over

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Defying Trump, US House votes to block Saudi arms sales

Photo/Reuters Measures related to $8bn in arms sales to Saudi Arabia now go to Trump, who is expected to veto the resolutions. Washington, DC – The United States House of Representatives on Wednesday approved three resolutions aimed at blocking President Donald Trump’s planned sale of guided missiles and other weapons to Saudi Arabia, the United

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Jordan appoints new Qatar envoy, two years after downgrading ties

Jordan’s King Abdullah II, right, receives Qatar’s deputy PM Khalid bin Mohammad Al Attiyah, centre, in Jordan Amman moves to restore normal ties with Qatar more than two years after withdrawing its ambassador over Gulf crisis. Jordan has appointed a new ambassador to Qatar, a step towards restoring normal relations two years after Amman withdrew

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Lagarde resigns as IMF chief, starting race for her successor

Photo/Reuters International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as European legislators approved a new top bureaucrat. Lagarde said in a statement her resignation was effective Sept. 12, firing the starting gun for the IMF’s

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