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13876 articles published since 08 Mar 2022
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Kenyan shilling hits record low of 150 to the dollar
The Kenyan shilling sank to a new all-time low of 150 to the dollar on Monday, adding to the woes of people already battered by high inflation and a raft of new taxes. According to Central Bank of Kenya data, the dollar was selling at just over 150 shillings, although some commercial banks and foreign exchange bureaux have been trading it at that level or higher in recent weeks.
Taiwan defends Foxconn over China tax probe
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference". "They should not be subject to political scrutiny or political interference."
Equities drop as traders keep wary eye on Middle East crisis
Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. "The main question dominating global financial markets, particularly for Asian capital markets, is whether the sell-off in US Treasuries will subside or persist," said Stephen Innes of SPI Asset Management.
ECB set to hold rates as inflation drifts downwards
For the first time in over a year, European Central Bank policymakers are expected to decide against raising interest rates again when they gather in Athens on Thursday. The central bank, which holds one meeting outside its Frankfurt headquarters every year, looks set to follow in the footsteps of the US Federal Reserve and pause interest rate hikes for the time being.
Did a computer write this? Book industry grapples with AI
From low-quality computer-written books flooding the market to potential copyright violations, publishing is the latest industry to feel the threat from rapid developments in artificial intelligence. Still, critics say the works are of low quality and sense little threat from AI for now.
'To not go crazy': Ukrainians open businesses in Poland en masse
Olena Romanova fled Ukraine for Poland when Russia invaded in February last year, leaving behind a successful facial massage salon business. For many Ukrainians, even those who have opened successful businesses in Poland, any long-term planning is difficult.
German solar industry looks to rise again
A decade after a wave of bankruptcies all but wiped out the German solar industry, the sector is looking to reestablish itself in the face of stiff competition from abroad. Nordic group Norwegian Crystals filed for bankruptcy in August, underlining the risks for the European sector as it looks to grow again. fcz/sea/hmn/rl
Argentines to vote, seeking escape from economic shambles
Argentines head to the polls on Sunday in a presidential election dominated by fury over decades of economic decline and record inflation that has propelled political outsider Javier Milei to the front of the race.
Web Summit chief resigns after Israel comments furore
The organiser of the Web Summit, one of the tech sector's leading events, announced his resignation Saturday following a backlash over his online posts following the Hamas attacks on Israel. A spokesperson for the organisation said: "Web Summit will appoint a new CEO as soon as possible, and Web Summit 2023 in Lisbon will go ahead as planned."
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