Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi By Business Daily Africa Aggressive interest rate rises by major central banks in the developed world are causing pain to Kenya’s businesses, households and investors through costly loans, losses at the Nairobi bourse and weakened shilling. The market

By The Associated Press Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most popular cryptocurrency had plunged as much as 9.7% to less than $18,600 by late afternoon on the

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon) By The Associated Press Asian stock markets

World Bank donates $100 million to Somalia corrupt president Hassan Sheikh Mohamoud. World Bank Director for Somalia Kristina Svensson, who met with President Hassan Sheikh Mohamoud, announced that the World Bank will provide $100 million in government assistance. Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017 The meeting between Hassan and Kristina focused on

By The Associated Press Qatar Airways, one of the Mideast’s largest carriers known for on-board comfort and luxury, said Thursday its profits over the past fiscal year topped $1.5 billion, marking the highest ever earnings for the state-owned carrier as it prepares to see a record surge in travelers for the upcoming FIFA World Cup

By Anadolu Agency Oil prices increased on Thursday as data showed a rise of 2 million barrels in US crude oil inventories for the week ending June 10. International benchmark Brent crude was trading at $118.89 per barrel at 0600GMT, a 0.32% jump from the previous session’s close of $118.51. American benchmark West Texas Intermediate

EU Commission President Ursula von der Leyen, left, Egyptian Minister of Petroleum Tarek El-Molla, center, and and Israeli Minister of Energy Israel’s Energy Minister Karine Elharrar, celebrate after signing a deal to boost East Mediterranean gas exports to Europe, in Cairo, Egypt, Wednesday, June 15, 2022. (AP Photo/Amr Nabil) By The Associated Press Egypt, Israel

A train moves past oil tanks of the NNK-Primornefteproduct petroleum depot in the far eastern port of Vladivostok, Russia: Credit to Photo Reuters By AFP Russia earned 93 billion euros ($98 billion) from fossil fuel exports during the first 100 days of its war in Ukraine, with most sent to the European Union, according to

By Anadolu Agency The price of Bitcoin on Tuesday dove to its lowest level in 18 months as the sell-off continues in cryptocurrency and global equity markets with fears of recession stemming from the Federal Reserve’s rate hikes. Bitcoin, the world’s largest crypto by market size, saw its price further plummeting to $20,846 at 0200GMT,

By Reuters UK shares fell to their lowest level in more than three weeks on Monday after data showed Britain’s economy unexpectedly shrank in April, adding to worries about a slowdown in growth ahead of a Bank of England policy meeting this week. The blue-chip FTSE 100 index dipped 0.9% and the domestically-focussed mid-cap FTSE