A trader holds bank notes. The Kenya shilling dropped to a record low of 108.85 units against the dollar on Monday, market data showed, on demand for the greenback by importers. This was despite a fall in the Central Bank of Kenya(CBK) dollar reserves to a five-month low of $8.223 billion (Sh888 billion) or 4.99

Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. Stocks are falling in early trading on Wall Street Monday, Oct. 26, 2020, and deepening last week’s losses. (AP Photo/Mary Altaffer, File) U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts

China on Monday announced that it will impose sanctions on US companies and individuals over arms sales to Taiwan. “Boeing, Lockheed Martin and Raytheon are among the list of US businesses and individuals that will face Chinese sanctions over arm sales to China’s Taiwan,” China’s Foreign Ministry Spokesman Zhao Lijian told a news conference in

Benard Ngugi, new Kenya Power CEO. By PATRICK ALUSHULA Kenya Power risks a Sh1.765 billion penalty for not surrendering to the State unclaimed assets that include dividends and stale cheques as required by the law. The Auditor-General Nancy Gathungu disclosed in the latest audit report that the utility firm was at the end of June

Djibouti’s Ambassador to Turkey Aden Houssein Abdillahi speaks during the launching ceremony of a new shipping route at a hotel in Ankara, Turkey, Oct. 23, 2020. (Photo by Dilara Aslan) The first container ship of the Djibouti shipping line company, which will exclusively operate between Turkey, Djibouti and Somalia, was launched during a ceremony on

IAG said passenger traffic fell by 88% in the third quarter. Photo: PA By Oscar Williams-Grut The parent company of British Airways and Iberia slumped to a €1.3bn (£1.17bn, $1.54bn) loss in the third quarter of 2020, as the COVID-19 pandemic continues to severely depress aviation. IAG (IAG.L) on Thursday said it had made an

Jobseekers queue to submit their applications. Insurance firms have reported a sharp rise in policy cancellations and withdrawals by customers squeezed by the economic fallout from Covid-19, raising fears that many insurers could soon face liquidity challenges. Top insurers confirmed a sharp rise in withdrawals and surrenders, majorly on life assurance and pension products —

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. © REUTERS/Aly Song BEIJING (Reuters) – China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the

Emirati President Sheikh Khalifa bin Zayed al-Nahayan inspects members of the Welsh Guards at Windsor Castle during a state visit to the UK in April 2013 (AFP) Referred to by his lawyers as ‘the client’ to preserve his anonymity, it has been revealed that Sheikh Khalifa bin Zayed al-Nahyan owns some of the UK capital’s

Photo: Credit Anadolu Agency Israeli Prime Minister Benjamin Netanyahu. Delegation under controversial normalization deal being led by head of Israel’s National Security Council Under a controversial normalization deal, an Israeli trade delegation will travel to the Gulf state of Bahrain on Sunday, Israeli Prime Minister Benjamin Netanyahu announced. In a written statement, Netanyahu said Israel’s