Air France KLM Pays €277 Million Debt, its Last Portion of Loans from the Netherlands Gov't
French-Dutch airline, Air France KLM is repaying the last portion of loans it got from from the Netherlands government and banks to help it survive the COVID-19 pandemic. The carrier [...]
Egypt Emerges as the Major Supplier of Oil to Saudi Arabia
Egypt has emerged as the major supplier of oil to Saudi Arabia. This month, Saudi will take 3.2 million barrels of the power-station fuel from the northeast African country, the [...]
Thailand Set to Rise Interest Rate to Curb Inflation World Bank
The pace of Thailand’s economic recovery, spurred by more tourism, is giving the country’scentral bankmore scope to raise interest rates to fight inflation, according to theWorld Bank. Southeast Asia’s second-largest [...]Airbnb Announces Plans to Permanently Ban Parties in Listed Homes
Airbnb has announced plans to permanently ban parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since the prohibition was put in [...]G7 Unveils $600 Billion Plan for Infrastructure Projects in Developing Countries
G7 leaders have detailed plans to mobilise $600 billion in funding to fund the launch of infrastructure projects in middle and low-income countries. The plan has been pitched as a [...]Sri Lanka Suspends Fuel Sale for Non-Essential Vehicles as Economic Crisis Bites
Sri Lanka has suspended sales of fuel for non-essential vehicles as it faces its worst economic crisis in decades. For the next two weeks only buses, trains, and vehicles used [...]Russia Defaults on Foreign-Currency Sovereign Debt for the 1st Time Since 1918
Russia has defaulted on its foreign-currency sovereign debt for the first time since 1918, a result of the ever-tougher Western sanctions that shut down payment routes to overseas creditors. [...]Jubilee Allianz General Insurance, Allianz Kenya Merger Get Regulatory Nod
Jubilee Allianz General Insurance and Allianz Kenya have received a nod from Insurance Regulatory Authority(IRA) to merge their general insurance businesses. The newly formed underwriter is expected to have an [...]
Vienna is Most Liveable City in the World in 2022-EIU Rankings
Vienna has come top as the most liveable city in the World for the third time in the past five years, according to rankings by the Economist Intelligence Unit(EIU). In [...]KHF and French Healthcare Federation to sign MOU this September
Kenya Healthcare Federation (KHF) and its counterpart, the French Healthcare Federation (FHF), plan to sign a memorandum of understanding in Paris this September. The signing will be on the sidelines [...]Uganda Pumps $10 Million to South-South Project
Uganda plans to put nearly $10 million to phase III of a South-South Co-operation project that also involves the participation of China and the Food and Agriculture Organization(FAO). Kampala will [...]Russia's Central Bank Cuts Key Intrest Rate to 11% as Inflation Eases
The Central Bank of Russia (CBR) cut its key interest rate from 14% to 11%, citing a slowing in inflation and the recovery of the ruble. Following an extraordinary meeting, policymakers opted for another [...]
