Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song By Yingzhi Yang, Brenda Goh BEIJING (Reuters) – Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, March 2, 2021. Asian stock markets were mixed Tuesday after Wall Street rose as investor concern about possible higher interest rates receded. (AP Photo/Vincent Yu) BEIJING (AP) — Asian stock markets declined

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 25, 2021. REUTERS/Staff LONDON (Reuters) – European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about U.S. fiscal stimulus sent oil prices higher. After Asian stocks rallied overnight,

The high street rescue plan will be announced by the chancellor, Rishi Sunak, in Wednesday’s budget. Photograph: Peter Nicholls/Reuters By Toby Helm and Denis Campbell The chancellor, Rishi Sunak, is to offer 700,000 shops, pubs, restaurants, hotels and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent

EAC countries including Kenya and Tanzania continue to lock out Uganda’s sugar out of their markets without proper explanation. By Dorothy Nakaweesi Uganda will this week seek to find solutions to the continued blockade of its exports, failure of which, it will seek intervention of the East African Court of Justice. Government, according to Ministry

Industrialist Mr Chris Kirubi (left), investor Mr Baloobahi Patel (centre) and Equity chief executive James Mwangi. Sixteen Kenyans dropped out of the ultra-rich list in 2020 as the Covid-19 pandemic disrupted businesses and hammered most asset classes across Africa. The latest instalment of the Knight Frank Wealth Report places the number of Kenyans with a

Ministry of Industrialization, Trade and Enterprise Development Cabinet Secretary Betty C. Maina speaking at the Crowne Plaza Hotel, JKIA on Monday, January 18, 2021. Kenya’s trade pact with UK will allow British firms to ship in goods duty-free for 25 years. The post-Brexit trade deal with the UK will, however, open the window for British

President Recep Tayyip Erdogan revealed an ambitious timetable with the aim of making contact with the moon on unmanned missions (Turkish Space Agency TUA) By Ragip Soylu Turkey’s recently announced space programme, which aims to make a soft landing on the moon in 2028, will cost upwards of $1bn and would require building a rocket

Global debt rose to a new record high of $281.5 trillion in 2020, driven by measures to curb economic fallout from the coronavirus pandemic, according to the Institute of International Finance (IIF), a global trade group of financial institutions. “Coupled with a sharp pandemic-driven decline in government and corporate revenues, total private and public debt

Photo: Credit Associated Press Saudi Arabia’s Crown Prince Mohammed bin Salman. By Jordan Fabian, Jennifer Jacobs, and David Wainer President Joe Biden intends to “recalibrate” the U.S. relationship with Saudi Arabia and will emphasize outreach to King Salman, in a move that signals a downgrade in ties with Crown Prince Mohammed Bin Salman, the country’s