World Bank Warns of a Global Recession Amidst Simultaneous Rate Hikes
The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates, the World Bank warned Thursday, calling on governments to help boost supply [...]
France Announces Plans to Limit Energy Price Rises to 15%
France has announced plans to limit energy prices rises to 15% for households from the start of next year, seeking to ease the burden of the energy crisis on consumers. [...]
UK Inflation Slows Down to 9.9% in August
UK inflation slowed down slightly in August on lower motor fuel costs as Consumer Prices Index fell to 9.9% in August, down from 10.1% in July. The July CPI was the [...]US Inflation Falls Slightly to 8.3% in August
The annual inflation rate in the US, the pace at which prices rise, fell to 8.3% in August, down from 8.5% in July, marking a second month of decline. However, [...]Germany Set to Introduce Green Card to Boost Work Force
Germany is planning to introduce its version of a green card. It aims to make it easier for non-EU nationals to come to find work in an attempt to plug [...]UAE Tourism Revenue Tops $ 5 Billion as Tourist Return
The United Arab Emirates (UAE) tourism revenues surpassed $5 billion in the first half of this year, officials said Sunday, with a strong performance expected this winter when neighbouring Qatar [...]Australia Set to Raise Key Interest Rate by 40 bps in October
Australia’s central bank will raise interest rates by 40 basis points next month and conclude its tightening cycle at 3% in November as it diverges from global peers, says Alex [...]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 [...]
