European Central Bank Raises Rates by 75 Basis Points
The European Central Bank has raised interest rates by 75 basis points, seeking to tackle record inflation, despite fears that the eurozone is already heading into recession because of soaring [...]
KQ to Resume Daily Flights to New York in December 2022
Kenya Airways (KQ) has announced plans to resume its daily flights for the New York route with effect from December, citing a spike in forward bookings for the festive month. [...]Afreximbank Pledges $700 Million for Africa-Caribbean Trade
The African Export-Import Bank (Afreximbank) has pledged a $700 million investment towards setting up a regional bureau in the Caribbean to support Africa-Caribbean trade. But first, a partnership agreement must [...]British Pound Falls to its Lowest Level Against the Dollar Since 1985
Britain's battered pound fell to its lowest level against the U.S. dollar since 1985 on Wednesday, lurching lower as investors dumped British assets in the face of a bleak economic [...]
Daily Markets Update: 7th September 2022
Nairobi Securities Exchange BAT, FTGH, and JUB are among the counters sparking interest amongst investors. In today’s early morning trading session, SMER leads the gainers at 8.76%. BRIT has lost [...]
Sri Lanka's Inflation Hits 64.3% in August
Sri Lanka’s headline inflation climbed to a fresh record in August, rising 64.3% from a year ago, versus 60.8% a month earlier, Data from the statistics department shows transport costs [...]Daily Markets Update: 6th September 2022
Nairobi Securities Exchange The Nairobi Securities Exchange reacted positively to the Court ruling upholding William Ruto’s victory as it gains KES 42bn on Monday 5th September's trading session. The best [...]Russia Switches Off Europe's Main Pipeline Resulting in Gas Price Hike
European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears [...]OPEC+ Agrees on Oil Output Cut to Stabilize Market
The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession [...]Germany Unveils $65 Billion Inflation Relief Plan
The German government on Sunday unveiled a new multi-billion euro plan to help households cope with soaring prices and said it was eyeing windfall profits from energy companies to help [...]India Surpasses UK to be the World's Fifth Largest Economy
India has overtaken the UK to become the world's fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. A decade back, the [...]What are the Benefits of Permanent Residency in Malta
Malta, the island state of the Mediterranean Sea, is famous for its excellent conditions for recreation. However, tourism is far from the only reason to visit this small country. Foreign [...]
