Business
Governors and legislators had during campaigns promised to empower locals through revival of collapsed industries, most of which were synonymous with the region
Dr Njoroge stopped short of recommending that the law should be done away with, only saying the direction of the interest rate caps would be known after CBK concludes a study on the legislation's impa
First Merchant Bank said in a statement on its website it was in exclusive talks to buy out the 68 per cent of Barclays Bank of Zimbabwe owned by the British company.
There are three Tubonge offers, a daily offer for Sh10, a weekly offer for Sh50 and a monthly one for Sh150. All offers come with 100 mins for Airtel to Airtel calls per day and a Sh2 calling rate to
The bank has factored in bad loans and written off expectations from revised earnings on Government bonds once, instead of staggering the losses over years.
The partnership, initiated by JBBL's leasing subsidiary, allows Dell, through its licensed local distributors, to supply the laptops through a leasing arrangement.
WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating th
WASHINGTON (Reuters) - A U.S. bank regulator has flunked Wells Fargo on a national scorecard for community lending, the lender said on Tuesday as it tries to repair its reputation after a phony-accoun
WASHINGTON (AP) — Ivanka Trump and Education Secretary Betsy DeVos are calling on young girls to pursue careers in science, technology, engineering and math. They say those fields will provide the jo
DETROIT/WASHINGTON (Reuters) - Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with th
Las Vegas eventually will get in line to host a Super Bowl, but it will not happen in 2022, the next available date for the championship game, NFL Commissioner Roger Goodell told the Review-Journa
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despit
BILLINGS, Mont. (AP) — President Donald Trump’s move to roll back Obama-era regulations aimed at curbing climate change comes as the coal industry is reeling from bankruptcies, pollution restri
U.S. President Donald Trump will attend a Group of 20 summit in Hamburg, Germany, on July 7 and 8, the White House said on March 28 after Trump spoke by phone with German Chancellor Angela Merkel. Rea
The Danish branch of the ride-sharing service Uber is shutting down its services in the Scandinavian country due to a proposed law that toughens standards for taxis.
Non-governmental organizations play a key role in the modernization of Ukraine, their independence should be preserved at all costs, Head of the European Union Delegation to Ukraine, Ambassador Hugues
WASHINGTON (Reuters) - U.S. President Donald Trump's administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of co
The Scottish parliament voted on March 28 to back First Minister Nicola Sturgeon’s bid to hold a new independence referendum in late 2018 or 2019, once the terms of the UK’s exit from the
(Reuters) - David Einhorn's hedge fund Greenlight Capital Inc urged General Motors Co to split its common stock into two classes, a proposal that was swiftly rejected by the carmaker.
DETROIT - General Motors has rejected a proposal from investor David Einhorn to split its stock into two classes. The company said Tuesday that the plan from Einhorn's Greenlight Capital hedge fund w
HALIFAX - Nova Scotia's finance minister is promising his pre-election budget will give small businesses tax relief, and reduce regulation costs. Randy Delorey told a Halifax Chamber of Commerce lunc
BERLIN (Reuters) - Volkswagen's supervisory board has recommended shareholders to discharge the carmaker's top management and the supervisory panel from liability for actions taken last year.
TOKYO (Reuters) - U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles with losses that have thrown its Japanese parent Toshiba
A longtime Republican lawmaker has been confirmed to Mississippi's three-member Workers Compensation Commission.              
MANILA, Philippines - The Philippines is among Asian countries that are “better positioned” to capitalize on strengthening global trade demand, according to
MANILA, Philippines - Budget carrier Cebu Pacific has tapped Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)  for the maintenance f
MANILA, Philippines - Andrew Tan-led Alliance Global Group Inc.(AGI) is looking to raise $500 million from the issuance of dollar-denominated bonds later thi
MANILA, Philippines - Australian oil and gas company Nido Petroleum Limited expects to drill a new well at the Galoc Oil Field offshore Palawan by end-March
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) sees inflation rising closer to the upper end of the two to four percent target until the third q
Regeneron's billionaire chief executive Leonard Schleifer has said that the drug industry's pricing is "ridiculous." So when his own new drug, Dupixent for eczema, was approved, he took an unorthodox
TORONTO - An appeal of one of two cases of police misconduct arising out of the turbulent Toronto G20 summit almost seven years ago has been delayed after a complainant opted to represent himself rath
WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, suggesting th
It lets people share videos and photographs in the Facebook app that will disappear after 24 hours, similar to the Stories feature on Instagram, also owned by Facebook.
To date the local economy has not taken a major knock since June’s vote, but there's a warning that living costs are already rising as a result and will continue to do so
If you're allergic to one nut, you can't be sure you're allergic to others unless you actually try them and develop symptoms, according to new research that suggests most people with a tree nut or pea
The Dow was on track to snap an eight-day losing streak on Tuesday as financial stocks rose on the back of strong consumer data, offsetting losses in the healthcare sector.
TORONTO - North American stock markets have advanced moderately today in late morning trading. The Toronto Stock Exchange's S&P/TSX composite index was up 88.28 points to 15,594.50 after 90 minutes o
THE Cebu Health and Wellness Council (CHWC) Inc. is hoping for the revival of the Spa and Wellness Association of Cebu (SWAC) to create a stronger bloc that would elevate Cebu’s footing in the medical
WASHINGTON (AP) — General Electric is selling its French consumer finance arm, one of the last remaining vestiges of its financial wing as it returns to its roots an industrial company. GE did not re
FINANCIAL institutions are ramping up their security measures as defense from the growing risk of cyber attacks, an international study has found. According to the Financial Institutions Security Risk
IN the face of the Duterte administration’s campaign against “5-6” money lending, the Securities and Exchange Commission (SEC) has reiterated to informal lenders to be registered with the commission o
A SUBSIDIARY of Abejo Waters Corp. will begin its commission of the first 24-hour daily water distribution in Panglao, Bohol next month. Panglao Water Services Inc. (PWSI) covers the entire municipali
Multiplex operator PVR is looking at around 90 percent jump in revenue to around Rs 4,000 crore in four to five years driven by expansion across the country.
Nevada’s state gaming win of $945.6 million in February was down from a year ago in 18 of the 19 markets, off 4.5 percent from a year ago, the state Gaming Control Board reported Tuesday.
LONDON (Reuters) - While banks warn Britain's European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has
A few decades ago, Larry Bell would show up at parties with bottles of beer he brewed in his basement. Some people were leery of this self-described stoner’s early editions of bootleg booze. Bell does
U.S. stock indexes edged higher in morning trading Tuesday, recovering after an early slide. Investors weighed the latest batch of company earnings and economic news. Banks and other financial sto
BANGKOK (AP) — Authorities in Thailand have escalated their effort to collect taxes they say are due from ousted Prime Minister Thaksin Shinawatra, posting a bill for 17.6 billion baht ($503 million)
LONDON (AP) — When U.S. senator John McCain told Ukrainian television that the allegedly Russian-backed breach of the Democratic National Committee’s server was “an act of war,” Mic
ST. JOHN'S, N.L. - A throne speech today will set a course to guide Newfoundland and Labrador through a historic fiscal mess. The province is facing an estimated deficit of almost $1.6 billion even a
TORONTO - Shares of Home Capital Group were down Tuesday after the mortgage lender fired its president and CEO. After markets closed Monday, the Toronto-based company announced it was terminating Mar
MONTREAL - Former Valeant Pharmaceuticals CEO Michael Pearson is suing his former employer for breach of contract for failing to deliver more than three million shares and consulting fees. In a lawsu
The controversial former minister of tourism and regional development Elena Udrea was handed down a 6-year jail sentence for taking bribes and abuse in office in a case involving the organization of a
Normalcy has returned in Namanga at the Kenya-Tanzania Border after a day protest against move by President John Magufuli's administration to repatriate Kenyans.
Normalcy has returned in Namanga at the Kenya-Tanzania Border after a day protest against move by President John Magufuli's administration to repatriate Kenyans.
Russia will organize the work of experts at the Samur border crossing point in order to reduce the time spent on the examination of agricultural products exported from Azerbaijan, the State Customs Co
(Reuters) - U.S. consumers' confidence in the economy rose in March to its highest level since December 2000, a survey showed on Tuesday, led by optimism for finding work and a brighter assessment of
The High Court of Justice in England will publish the decision if the court hears Russia’s lawsuit against Ukraine on the $3 billion bond debt under a quick procedure. The decision will be publi
SEOUL (Reuters) - After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its n
Nine months after voters opted for Brexit, Prime Minister Theresa May will invoke Article 50 to trigger the start of the UK's withdrawal from the European Union
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