China's Industry Profit Falls to 1.1% on Covid-19 Measures
Profits of China’s major industrial enterprises fell by 1.1 per cent year on year in the January-July period, according to official data released on Saturday. In the first seven months [...]
STIMA One Electric Partner to Deploy Electric Motorcycles in Kenya
STIMA, a battery swapping technology company targeting the deployment of convenient battery swapping infrastructure for electric motorcycles at scale, and One Electric, India’s leading electric motorcycle manufacturer, have announced their partnership [...]
British Airways Plans to Temporarily Halt Flights to Nigeria
The oldest Airline with links to Nigeria, British Airways (BA), is on the verge of suspending fight operations in Nigeria following difficulty to repatriate trapped funds in Nigeria. This means that British [...]Sri Lanka Widens Import Ban as Economic Crisis Persist
Sri Lanka tightened import restrictions on Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages and toppled a president [...]China Waives 23 Interest-Free Loans to 17 African Countries
China, Africa’s largest bilateral lender has unveiled a minor debt relief package for 17 African countries, writing off 23 interest-free loans that came due at the end of the last [...]China Cuts Lending Rates in an Attempt to Boost the Economy
China’s central bank has cut benchmark loan rates, seeking to boost the economy that has been battered by the government’s strict zero-Covid policy and a slump in the property market. [...]Emirates to Halt Flights to Nigeria from 1st September
Dubai's Emirates has announced plans to suspend flights to Nigeria from 1st September, seeking to limit further losses and impact on its operational costs that continue to accumulate in the [...]IMF Projects Saudi Arabia's Economy to Grow by 7.6% on High Oil Prices
The IMF says the Saudi Arabia economy is expected to grow 7.6 per cent this year, up from 3.2 per cent in 2021, on the back of soaring oil revenues. [...]Kenya Airways to Operate Daily Flights to New York
Kenya Airways has announced plans to operate daily flights from Nairobi to New York, up from three weekly, with effect from 19th June 2023. The launch of the New York route [...]UK Inflation Rate Hits 10.1% as Food and Energy Prices Surge
UK inflation rose to another 40-year high in July as spiralling food and energy prices continued to intensify the country’s historic squeeze on households. The consumer price index in the [...]UK to Cut Import Taxes on Goods from Developing Countries
The UK has announced plans to cut import taxes on hundreds more products from some of the world's developing countries, as it seeks to boost trade links. The Department for [...]American Airlines Orders 20 Boom Supersonic Overtures
The world's largest airline, American Airlines has agreed to purchase 20 of the Boom Supersonic Overture aircraft, with an option to add up to 40 more. The airline is gambling that a market [...]
