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Losses deepen at crisis-hit SAS airline
Losses deepen at crisis-hit SAS airline
Business and Economy
by  AFP

Troubled Scandinavian airline SAS, which has filed for bankruptcy in the United States, reported Wednesday deeper losses in the fourth quarter. SAS filed for Chapter 11 bankruptcy proceedings in the United States in July -- a move allowing a company to restructure its debts under court supervision.

Kenya's Ruto launches flagship credit scheme for poor
Kenya's Ruto launches flagship credit scheme for poor
Business and Economy
by  AFP

Kenyan President William Ruto on Wednesday launched a low-interest credit scheme to boost financial access for the country's poorest citizens, fulfilling a key campaign promise made to voters. The fund will eventually also offer small-scale enterprises and start-ups access to credit, with those loans set to be launched by the end of May next year.