By Business Daily Africa The World Bank has downgraded Kenya’s 2023 growth outlook to 5 percent amid concerns over increased commodity prices including fuel and the effects of an ongoing drought. The Bank had earlier projected the country’s growth at 5.5 percent but the prospects have been dampened by high inflation rates and food insecurity

By The Associated Press Elon Musk is abandoning his legal battle to back out of buying Twitter by offering to go through with his original $44 billion bid for the social media platform. The mercurial Tesla CEO made the offer in a letter to Twitter, which the company disclosed in a filing Tuesday with the

By Anadolu Agency The number of European countries suffering from the gas supply cut from Russia’s state-owned Gazprom is growing every day at a time when winter is fast approaching. While Europe is putting Russia in an economically difficult situation with a wide range of sanctions due to the war, Kremlin’s counterattacks are deepening the

Gas supplies to Europe from Russia have dried up in recent months (Yui Mok/PA) / PA Wire Evening Standard By August Graham Britain faces a “significant risk” of gas shortages this winter, regulator Ofgem has warned as the supply from Russia to Europe has been all but cut off. The regulator said the country might

Flowers are grown in a greenhouse at a farm in Nakuru County By Business Daily Africa Consumers in Europe have cut spending on Kenyan flowers amid a cost of living spike in the western world that has forced households to drop essential purchases such as food and drinks, threatening thousands of jobs locally. Inflation in

A person stands near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, Oct. 3, 2022, in Tokyo. Asian shares were mostly lower on Monday after Wall Street closed out a miserable September with a loss of 9.3%, the worst monthly decline since March 2020. (AP Photo/Eugene Hoshiko) By The

A photograph appears on the internet The Somali government is participating in the African oil conference in Cape Town, A delegation led by Somalia’s petroleum minister, Abdirisaq Omar Mohamed, left for South Africa the African Petroleum Week. The Africa Oil Week conference that will begin on Monday in Cape Town will be attended by government

British Prime Minister Liz Truss leaves a television studio after appearing on “Sunday with Laura Kuenssberg”, during the annual Conservative Party conference in Birmingham, Britain, October 2, 2022. Photographer Hannah McKay By Reuters British Prime Minister Liz Truss said on Sunday her cabinet of top ministers was not informed in advance that the government planned

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon) By The

British Prime Minister Liz Truss visits Berkeley Modular, in Northfleet, Kent, Britain, Friday, Sept. 23, 2022. (Dylan Martinez/Pool Photo via AP) By The Associated Press British Prime Minister Liz Truss on Thursday defended her economic plan and shrugged off the negative reaction from financial markets, saying she’s willing to make “difficult decisions” to get the