The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. Reuters/Henry Nicholls By Reuters British government borrowing in the recently ended 2021/22 financial year was almost 20% higher than forecast by the country’s

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. Reuters/Leonhard Foeger//File Photo By Reuters Sterling fell on Monday to its lowest since September 2020 against a strengthening dollar and edged lower versus the euro, while money markets scaled back their bets

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, April 25, 2022. Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets’ expectations for higher interest rates continued to set the tone. (AP Photo/Kin Cheung) By

File Photo: Saudi Arabia’s Crown Prince Mohammed bin Salman attends a meeting with U.S. Secretary of State Mike Pompeo in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via Reuters/File Photo By The Wall Street Journal Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and

By The African Exponent Inflation has long been regarded as one of the world’s greatest enemies to wealth creation because it erodes the value of money. In Africa, inflation is so persistent, though many of those who are affected are unaware of it. They do, however, feel the impact in the form of higher costs

By Anadolu Agency Russia’s war on Ukraine will have severe economic consequences for Europe, coming at a time when economic recovery from the coronavirus pandemic was incomplete, the International Monetary Fund (IMF) said in a report on Friday. “Large increases in commodity prices and compounded supply-side disruptions will further fuel inflation and cut into households’

A person pushes a shopping cart next to the clubcard price branding inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Picture taken February 10, 2022. Reuters/Paul Childs By Reuters Britain’s economy is losing steam as households face a tightening cost-of-living squeeze, according to data published on Friday which showed

File – Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed

President Uhuru Kenyatta at State House, Nairobi, with State of Japan Ambassador to Kenya Okaniwa Ken. On the right is Foreign Affairs Cabinet Secretary Raychelle Omamo By Business Daily Africa China has cut fresh financial commitment to Kenya’s development projects by nearly four times in seven years, falling behind Japan on the list of top

By Business Daily Africa Egypt’s listed auto dealer Ghabbour Auto (GB Auto) plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya. The company made the announcement last week following a board meeting in a regulatory filing to the Egyptian Exchange (EGX) seen by the Business Daily. The firm, which deals