Business

Blinken: US to help Kenya, Africa boost trade, security, health, youth programmes

US Secretary of State Antony Blinken who made a virtual trip to Kenya and Nigeria on Tuesday, April 27, 2021. Jacquelyn Martin | Pool | AFP By Antony Blinken United States Secretary of State Antony Blinken made a virtual trip to Kenya and Nigeria on Tuesday, April 27, 2021. He held talks with presidents Uhuru

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Samsung’s Lee family to pay more than $10.8 bln inheritance tax

Samsung Group Chairman Lee Kun-hee reacts during a news conference regarding his resignation at the company’s headquarters in Seoul April 22, 2008.REUTERS/Jo Yong-Hak/File Photo/File Photo By Reuters, Joyce Lee, Heekyong Yang The family of late Samsung Electronics Co Ltd Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won ($10.8 billion) in

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UK watchdog steps up probe into Johnson’s apartment refurb

Britain’s Prime Minister Boris Johnson visits Llandudno in Wales, Monday April 26, 2021, as he campaigns on behalf of the Conservative Party for local elections. (Phil Noble/Pool via AP) LONDON (AP) — Britain’s Electoral Commission, which regulates political finance in the U.K, is launching a formal investigation of the refurbishment of Prime Minister Boris Johnson’s

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Tesla posts $438M 1Q profit on strong electric vehicle sales

File – In this Monday, April 5, 2021 file photo, a Tesla electric vehicle charges at a station in Topeka, Kan. With strong sales of its electric cars and SUVs, Tesla on Monday, April 26, 2021 posted its seventh-straight profitable quarter. (AP Photo/Orlin Wagner) By TOM KRISHER DETROIT (AP) — Charged up by strong sales

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Asian shares wobble ahead of Fed outcome and earnings

A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon By Stanley White Asian shares fell and U.S. stock futures were steady on Tuesday as caution ahead of a U.S. Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic

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Somalia Finance Minister calls diaspora to help financially support

File Photo/Somali Times Somalia’s Finance Minister has for the first time said it has cut off international aid, leaving the economy in short supply. Somalia’s Minister of Finance Abdirahman Duale Beyle said that in recent months they have been paying a small amount of money from the governments of Saudi Arabia and Qatar, but have

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Kenya seeks debt expert ahead of Eurobond issue

Treasury Cabinet Secretary Ukur Yatani. The Treasury is seeking experts to help the country restructure its external commercial loans to reduce the cost and improve its debt sustainability measure. The Treasury said in a notice on Tuesday that the expert will be tasked with drawing up the best options for Kenya to restructure its liabilities

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Asian stocks fall as virus worries return to haunt markets

A man wearing a protective face mask is reflected on a stock quotation board at a brokerage, in Tokyo, Japan November 6, 2020. REUTERS/Issei Kato By Stanley White Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global

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UK leader denies breaking lobbying rules with texts to Dyson

Britain’s Prime Minister Boris Johnson holds a news conference at 10 Downing Street, amid the coronavirus disease outbreak, in London, Tuesday April 20, 2021. (Toby Melville/Pool via AP) LONDON (AP) — The British government said Wednesday that Prime Minister Boris Johnson did nothing wrong when he exchanged text messages with a wealthy industrialist and promised

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US links loss of Kenya State tenders to graft

President Uhuru Kenyatta addresses the nation from State House, Nairobi on March 12, 2021. By BRIAN NGUGI The US has decried graft in government tenders in Kenya, saying it locked out qualified American firms from undertaking projects in the country. The US Trade Representative’s office (USTR) claimed that some rogue public officials in Kenya manipulated

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