Qatari liquid natural gas (LNG) tanker ship being loaded up with LNG at Raslaffans Sea Port, northern Qatar. (AP Photo, File) By Reuters QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following

By Business Daily Africa The Central Bank of Kenya (CBK) is seeking Sh5 billion from the reopened 14-year infrastructure bond, which investors oversubscribed in the initial auction that closed last week. The reopened paper will be on sale from November 16-22 or upon attainment of the targeted amount, whichever comes first. The initial sale of

Britain’s Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London, Britain, November 17, 2022. Photographer Peter Nicholls By Reuters The British government announced on Thursday plans to freeze income tax allowances and lower the threshold at which people start to pay the highest rate of income tax, in order to stabilise the

Britain’s Prime Minister Rishi Sunak attends a working session on food and energy security during the G20 Summit on November 15, 2022 in Nusa Dua, Indonesia. The new British Prime Minister aims to articulate his foreign policy vision here while grappling with economic instability at home. Photographer Leon Neal By Reuters Surging household energy bills

An anti-Brexit demonstrator stands outside the venue of the Conservative Party Conference in Birmingham, Britain Photographer Toby Melville/Reuters PA Media By David Hughes Brexit has “permanently damaged” the UK economy, former Bank of England policymaker Michael Saunders warned as London was deposed as Europe’s biggest stock market. The French stock market now has a combined

Managing Director Kristalina Georgieva. Photographer Michele Tanntussi By Reuters The head of the International Monetary Fund on Sunday welcomed a long-awaited debt deal by Chad’s creditors and said it would reduce the African country’s risk of debt distress while guarding it against downside risks, including lower oil prices. “We have been waiting for this day,”

By Anadolu Agency Turkey is establishing an energy base on the seabed in the Black Sea, President Recep Tayyip Erdogan said, adding that the gas “hopefully” will be available to use next year. Erdogan’s remarks came during a gas supply ceremony, which he joined by video conference, for four districts of the Black Sea province

British Chancellor of the Exchequer Jeremy Hunt looks on outside Number 10 Downing Street, in London, Britain November 1, 2022. Photographer Hannah McKay By Reuters Finance minister Jeremy Hunt said he will raise taxes and cut spending this week to show Britain can fix its public finances and restore its economic credibility after the financial

Millennium Bridge with the City of London financial district. Photographer Hannah McKay By Reuters Britain’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for finance minister Jeremy Hunt as he prepares to raise taxes and cut spending next week. Economic

Central Bank of Kenya Governor Patrick Njoroge By Business Daily Africa Kenya’s import cover has dropped to the lowest levels in seven years, reflecting lower foreign funding amid a faster growth in imports than exports and a slowdown in remittances from Kenyans abroad. Latest Central Bank of Kenya data shows the stockpile of foreign currencies