One of the Air Tanzania planes flies. Long-haul flights business promises profit in the near future.File Photo/Daily Nation By The Citizen Dar es Salaam. Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar

By Reuters Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities –

By The Associated Press Stocks edged lower in unsteady trading on Wall Street Tuesday as investors closely watch developments in China and economic data amid worries about stubbornly hot inflation. The S&P 500 fell 0.4% as of 12:04 p.m. Eastern and was roughly split between gainers and losers. The Dow Jones Industrial Average fell 110

By Business Daily Africa Commercial banks’ earnings from foreign exchange trading for nine months through September nearly doubled on higher demand for the dollar amid widening margins. The Business Daily’s analysis of published financial performance statements shows tier-one banks earned Sh52.89 billion from trading in currencies in the review period compared with Sh28.27 billion in

Harrods store in London, Britain, December 20, 2020. Harrods is owned by the Qatar Investment Authority. Photographer Toby Melville/File Photo By Reuters Qatar has launched a review of its investments in London after the city’s transport authority this week banned the Gulf state’s tourism advertisements on the capital’s buses, taxis and Underground train system, Saturday’s

Ghana’s Vice-President Mahamudu Bawumia is sworn in at the Independence square in Accra, Ghana January 7, 2017. Photographer Luc Gnago/File Photo By Reuters Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to

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