UK Gov’t Hit by Higher Borrowing Ahead of Fiscal Update
Britain’s Labour government borrowed more than expected in February, official data showed Friday ahead of next week’s fiscal update, when it is expected to announce more spending cuts.
Category: Business / Finance
Vietnam, US firms sign $4 bn in Deals as Trump Tariff Worries Mount
The Southeast Asian nation has the third-biggest trade surplus with the US after China and Mexico — both targeted by Trump since he took office.
Kenya & Hungary Sign 2 Major Memoranda Of Understanding
Prime Cabinet Secretary Musalia Mudavadi announced that these MOUs will promote bilateral partnerships and open new avenues for collaboration in these fields.
DCI Urges KPLC to Reconsider Approach to Unpaid Electricity Bills
The Director of Criminal Investigations (DCI), Mohamed Amin, has urged the Kenya Power and Lighting Company (KPLC) to reconsider its approach to dealing with unpaid electricity bills from government institutions.
AI, Trade Tensions Mark Barcelona Mobile Industry Meet
The annual Mobile World Congress (MWC), which is set to draw around 100,000 attendees in Barcelona, opened the day before fresh American tariffs come into force on Chinese goods.
SpaceX Targeting Monday for next test of Starship megarocket
Elon Musk has been making headlines for mass layoffs and funding cuts at US federal agencies under his so-called Department of Government Efficiency. But on Monday, his towering Starship rocket will return to the spotlight with its next test flight.
TikTok to invest $8.8 bn in Thailand over five years
The social media platform owned by China’s ByteDance is the latest in a string of big tech names to announce major spending projects in the kingdom, after Amazon, Google and Microsoft.
Nigerians displaced as rents double in inflation-hit Lagos
With a population of more than 20 million, the country’s sprawling, ever-growing economic capital has for years struggled to keep up with housing demand, with some 3,000 people added to its population per day.
Most USAID workers to be fired or placed on leave
Around 1,600 workers based in the United States will be laid off in a “reduction-in-force” effort, according to a notice on the US Agency for International Development’s website.
CAK Approves Metal Cans & Closures Acquisition Of Assets From Nampak Kenya
The deal will see Metal Cans and Closures Kenya Limited expand its business by venturing into the production of food cans, crown caps, and shoe polish containers.
