Category: Enterprise News

January 22, 2020 0

Trump relaunches trade battle with Europe

By mykenyancareers

DAVOS, Switzerland, Jan 22 – US President Donald Trump relaunched a major trade offensive against Europe on Wednesday, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delayed trade deal. With observers warning that global harmony on trade was crucial to the health of the world economy, Trump warned … Continue reading “Trump relaunches trade battle with Europe”

January 21, 2020 0

Global resource consumption tops 100 bn tonnes for first time

By mykenyancareers

PARIS, France, Jan 21 – The world is using up more than 100 billion tonnes of natural resources per year for the first time ever while global recycling of raw materials has fallen, according to a report released Tuesday. The share of minerals, fossil fuels, metals and biomass feeding into the global economy that is … Continue reading “Global resource consumption tops 100 bn tonnes for first time”

January 21, 2020 0

France, US agree to extend digital tax row talks

By mykenyancareers

PARIS, France, Jan 21 – Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington’s threat of sanctions against Paris, French officials said Tuesday. French Finance Minister Bruno Le Maire, speaking before a Brussels meeting with … Continue reading “France, US agree to extend digital tax row talks”

January 17, 2020 0

Bolt gets Sh5.6billion for research in expansion plan.

By mykenyancareers

NAIROBI, Kenya, Jan 17 – Bolt has received a Sh5.6 billion venture debt facility from The European Investment Bank (EIB) to support its research and development strategies. The funds will go into improving safety, reliability, and sustainability of Bolts’ services while maintaining the high efficiency of its operations. This includes investments in existing services like … Continue reading “Bolt gets Sh5.6billion for research in expansion plan.”

January 16, 2020 0

British Airways-owner files EU complaint over Flybe rescue

By mykenyancareers

LONDON, United Kingdom, Jan 16 – British Airways-parent IAG on Wednesday filed a formal complaint to Brussels over the UK government’s last-minute financial rescue of struggling no-frills carrier Flybe. “IAG has submitted a complaint to the EU Competition directorate this morning about the state aid that the UK government has granted to Flybe,” the group … Continue reading “British Airways-owner files EU complaint over Flybe rescue”

January 15, 2020 0

Economy boosters, Private Sector to be given priority in 2020/2021 financial year

By mykenyancareers

NAIROBI, Kenya, Jan 15 – Projects and programs that ensure higher economic and social returns will be given priority in the 2020/2021 budget allocation. Cabinet Secretary National Treasury and Planning Ukur Yatani said this will allow the private sector to make profits and cub recurrent expenditures that have been a concern in the present financial … Continue reading “Economy boosters, Private Sector to be given priority in 2020/2021 financial year”

January 14, 2020 0

Betty Maina new CS Industry as Peter Munya moves to Agriculture

By mykenyancareers

NAIROBI, Kenya, Jan 14 – Former Principal Secretary Trade and Industrialization Betty Maina is the new Cabinet Secretary for the department. Maina has been nominated by President Uhuru Kenyatta to take over the docket replacing Peter Munya who has now been moved to the Ministry of Agriculture. Munya replaces former Cabinet Secretary Mwangi Kiunjuri. While … Continue reading “Betty Maina new CS Industry as Peter Munya moves to Agriculture”

January 13, 2020 0

Libya truce reopens capital’s airport

By mykenyancareers

TRIPOLI, Libya, Jan 13 – The Libyan capital’s airport, closed since last week, reopened Monday following a truce that has come into force after nine months of fighting for control of Tripoli. Libyan Airlines, the national carrier, said flights resumed to and from Mitiga airport, and other private airlines also restored services. Mitiga has been … Continue reading “Libya truce reopens capital’s airport”

January 10, 2020 0

Infosys profits jump 23.5% as probe finds no proof of wrongdoing

By mykenyancareers

MUMBAI, India, Jan 10 – India’s second-largest IT outsourcing firm Infosys on Friday announced a 23.5 percent jump in its quarterly net profits, beating estimates as it declared that an internal probe had found no evidence of misconduct by its top executives. This was the company’s first financial announcement after whistleblower allegations sparked an internal … Continue reading “Infosys profits jump 23.5% as probe finds no proof of wrongdoing”

January 10, 2020 0

CS Balala proposes construction of new airport and Convention Centre to boost tourism

By mykenyancareers

NAIROBI, Kenya, Jan 10 – Kenya needs a brand-new airport and a Convention Centre that will allow it to hold more international summits in Kenya. Tourism Cabinet Secretary Najib Balala says this will help complete the equation on the growth of tourism. “Two things that we must do as a nation is by putting the … Continue reading “CS Balala proposes construction of new airport and Convention Centre to boost tourism”