By The East African Kenya Airways has reduced its fleet by two more planes as part of cost-cutting measures seeking to steady the loss-making airline. Latest data shows that the national carrier’s fleet size narrowed in the last nine months to 41 aircraft from 43 in December 31, 2021, after two leased Embraer 190 aircraft

Qatar Energy CEO and Qatar’s State Minister for Energy Saad al-Kaabi By Reuters The head of QatarEnergy, who is also Qatar’s energy minister, said on Monday the company wants to speed up the development of two oil wells it discovered off the Namibian coast with joint venture partners earlier this year. Saad al-Kaabi said drilling

A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. Photographer Axel Schmidt/File Photo/File Photo/File Photo By Reuters Deliveries can resume for Lockheed Martin Corp’s F-35 jet under a waiver allowing Chinese-origin alloy to go into an engine part, the Pentagon said on Saturday. In September the

Residential housing in south London, Photographer Henry Nicholls By Reuters British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward pressure” soon, mortgage lender Halifax said on Friday. House prices fell by 0.1% from August, Halifax said. In

By Anadolu Agency The US national debt exceeded $31 trillion for the first time amid rising interest rates to tame the record-high inflation, and growing economic uncertainty, according to Treasury Department data. The total public debt outstanding amounted to just over $31.1 trillion, the data showed on Tuesday. In July, the Congressional Budget Office (CBO)

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