Business

BMW reaps $5.7 billion in profit, warns on parts shortages

File – In this Friday, May 14, 2021 file photo the logo of German car manufacturer BMW is fixed at the headquarters in Munich, Germany. German automaker BMW reports second-quarter earnings on Tuesday Aug. 3, 2021. (AP Photo/Matthias Schrader, file) Frankfurt,, Germany (AP) — BMW reported 4.8 billion euros ($5.7 billion) in net profit in

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Kenya drops China debt relief bid as banks resist

A pedestrian walk past the National Treasury building in Nairobi By OTIATO GUGUYU Kenya has withdrawn its request for China to extend debt repayment holiday to December in the wake of opposition from Chinese lenders that recently froze disbursements to local projects. The Treasury says that Kenya has decided not to seek an extension of

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Proposed U.S. arms sale to Nigeria on ‘hold’ over human rights concerns -sources

Credit: Associated Press /Photo Olamikan Gbemiga/ Nigeria President Muhammadu Buhari. By Doyinsola Oladipo, Mike Stone U.S. lawmakers have put on hold a proposal to sell almost $1 billion of weapons to Nigeria over concerns about possible human rights abuses by the government, three sources familiar with the matter said on Thursday. The proposed sale of

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Roble and Prime Minister Boris Johnson discuss three key issues

Credit: Facebook/ British Prime Minister Boris Johnson and Prime Minister Mohamed Hussein Roble Prime Minister Mohamed Hussein Roble, in London, met with British Prime Minister Boris Johnson, to discuss three points. “I met in London with British Prime Minister Boris Johnson, whose government is hosting the International Conference on the Advancement of Education,” Roble said

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What Roble discussed with the British Foreign Secretary

Credit: Facebook British Foreign Secretary Dominic Raab and outgoing Somali Prime Minister Roble. The caretaker Prime Minister, Mohamed Hussein Roble, has been in London for the past few days, where he met with Foreign Secretary Dominic Raab. The meeting was discussed strengthening bilateral relations, security issues and the political situation in Somalia, according to a

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Volkswagen earnings beat pre-pandemic levels on luxury makes

File – In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. Luxury brands Audi and Porsche are fattening the bottom line at German automaker Volkswagen. The company’s premium brands saw record sales in the first half of the year. That helped

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Kenya, UK sign Sh20bn in deals on Uhuru visit

President Kenyatta meeting with UK Prime Minister Boris Johnson. By OTIATO GUGUYU Kenyan and the United Kingdom government officials have inked deals worth Sh20 billion on the first day of President Uhuru Kenyatta’s three-day tour that would be channelled mostly through the private sector. The deals are set to unlock projects in housing, manufacturing and

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‘Turkey, Angola agree to reach $500M trade volume’: Turkish leader

Turkish President Recep Tayyip Erdogan (R) and President of Angola, Joao Lourenco (L) hold a joint press conference at the Presidential Complex in Ankara, Turkey on July 27, 2021. ( TUR Presidency/Murat Cetinmuhurdar – Anadolu Agency ) Turkish President Recep Tayyip Erdogan says he will visit Angola after attending UN General Assembly in September Turkish

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Asian stocks mostly lower after Wall Street highs

People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 26, 2021. Asian shares opened mixed on Monday after stocks rallied to records on Wall Street, with the Dow Jones Industrial Average closing above the 35,000 level for the first time. (AP Photo/Vincent Yu) By

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Ivory Coast to become regional medicine hub with $300 mln IFC loan, PM says

Ivory Coast’s Prime Minister Patrick Achi at the presidential palace in Abidjan, Ivory Coast April 7, 2021. REUTERS/Luc Gnago/File Photo A World Bank programme to help medical clinics in Ivory Coast procure equipment from General Electric (GE.N) and Philips (PHG.AS) could spur the cocoa-producing country’s development into a regional medical hub, Prime Minister Patrick Achi

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