The London Stock Exchange Group offices are seen in the City of London, Britain. Photographer Toby Melville By Reuters UK’s exporter-heavy FTSE 100 fell on Tuesday, dragged lower by weakness in miners as well as a decline in HSBC shares after the London-headquartered bank dampened investors’ expectations of a sustained income bonanza from rising interest

Russian salespeople stand by a tent for Russian weapons manufacturers at the International Defense Exhibition and Conference in Abu Dhabi, United Arab Emirates, Monday, Feb. 20, 2023. Just outside of Abu Dhabi’s biennial arms fair in a large tent, Russia offered weapons for sale Monday ranging from Kalashnikov assault rifles to missile systems despite facing

By Business Daily Africa Kenya Airways’ partnership with South African Airways will be treated as a merger on the back of the effect that the joint venture will have on competition in the region, the Comesa Competition Commission (CCC) has said. The national carrier operates in countries that are members of the Common Market for

U.S. Secretary of State Antony Blinken testifies before House Foreign Affairs Committee/Reuters By Reuters Two members of the U.S. House of Representatives Foreign Affairs Committee on Wednesday called on President Joe Biden to rescind a nearly $1 billion arms sale to Nigeria following Reuters reports on an illegal abortion program and the targeted killing of

Bank of England (BoE) building in London, Britain/Reuters By Reuters British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the economy watched closely by the Bank of England, adding to signs that further hefty interest rate hikes are unlikely. Annual consumer price inflation (CPI)

By Business Daily Africa Commercial banks are fighting for a share of the growing high-net-worth individuals seeking to spread their wealth in multiple local and overseas asset classes to maximise returns and cut risk. The lenders are increasingly setting up wealth management units and spicing them up with exclusive products for the affluent as the

The oil rig for the Kingfisher development area in Kikuube district in Uganda on January 24, 2023. Uganda says its oil dream is alive despite intensified criticism from several groups. Photo Stuart Tibaweswa/AFP By The East African Uganda says its oil dream is alive despite intensified criticism from several groups, which this week lodged a

Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad. Photographer Amit Dave By Reuters India’s market regulator is investigating Adani Group’s links to some of the investors in the conglomerate’s aborted $2.5 billion share sale, two sources said, amid growing concern in New Delhi

Property estate agent sales and letting signs are seen outside an apartment building in Lichfield, Britain. Photographer Andrew Boyers By Reuters Britain’s housing market suffered the most widespread price falls since 2009 last month as the run of interest rate increases over the past year weighed on would-be buyers, according to a survey published on

Signage is seen outside of a Nationwide Building Society in London, Britain. Photographer Hannah McKay By Reuters British house prices dropped by a bigger-than-expected 0.6% in January and are now 3.2% below their peak in August, following a surge in borrowing costs and broader inflation pressures, mortgage lender Nationwide Building Society said on Wednesday. January’s