Business / Finance
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Carrefour marks 10 years in Kenya with Sh20m customer appreciation campaign
Carrefour Kenya, for which Majid Al Futtaim owns the exclusive rights to operate in Kenya, has concluded its 10 Years, 10 Million Stories customer appreciation campaign.
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US Revises First Quarter GDP Growth Down to 1.6% Annual Rate
The US economy expanded less than initially estimated in the first three months this year, government data showed Thursday, with investment and consumer spending revised lower amid fallout from the Middle East war.
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IMF Cuts France 2026 Growth Forecast to 0.7%
France is under pressure to reduce a budget deficit that stood at 5.1 percent of GDP last year — well above the three-percent limit set for members of the eurozone.
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Musk to Spend $55 bn on SpaceX AI Chip Project in Texas: Notice
Elon Musk’s SpaceX plans to invest at least $55 billion to build a semiconductor manufacturing facility in Texas, according to a public notice Wednesday, producing chips for artificial intelligence, robotics and data centers in space.
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UAE pulls out of OPEC oil cartels citing ‘national interests’
The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became a country.
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UK Unemployment Unexpectedly Fell Ahead of Mideast War
The unemployment rate dropped to 4.9 percent in the three months to February, the Office for National Statistics (ONS) said in a statement.
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Orca Energy To Exit Tanzania Amid Heavy Investment Costs
Orca underscored that its withdrawal is part of a long-term strategy to preserve capital for shareholder dividends and to realize value from its Tanzanian assets.
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Kampuni Ya Nishati Ya Orca Kuondoka Tanzania Kufuatia Gharama Kubwa Za Uwekezaji
Orca imesisitiza kuwa kujiondoa kwake kunalenga kulinda fedha kwa ajili ya mgao wa wanahisa na kutimiza mkakati wa muda mrefu wa kupata thamani kutoka kwa mali zake za Tanzania.
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Tanzania Fuel Prices Jump as Global Crisis Bites
According to EWURA, the situation has disrupted oil production and supply routes, especially after attacks on oil facilities and the closure of the Strait of Hormuz, a key global route that carries about 20% of…
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Kenya Ranked As East Africa’s Largest Economy And Gateway To Global Markets
Kenya’s GDP stood at about $125 billion in 2024 and is projected to surpass $130 billion in 2025
