Investments

MAY 29 – Elon Musk has said he is leaving the Trump administration after helping lead a tumultuous drive to shrink the size of US government that saw thousands of federal jobs axed. In a post on his social media platform X, the world’s richest man thanked Trump for the opportunity to help run the…

NAIROBI, Kenya, May 28 – The International Consumer Protection and Enforcement Network (ICPEN), comprising over 70 global consumer protection authorities, has issued a joint open letter advising airlines to align their environmental marketing with consumer protection laws. The move comes amid rising scrutiny over “greenwashing” in aviation, an industry responsible for around 3 percent of…

MAY 27 – Sweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will mainly impact office-based positions in Sweden, representing about 15% of its white collar workforce. Last month, Volvo Cars, which is owned by Chinese group Geely Holding, announced an…

MAY 26 – Burgundy is one of the most prestigious wine regions in France, and the US is its biggest export market. But now Donald Trump’s tariffs are threatening to price European wine out of the American marketplace. Crouched in cold mud under a thin Spring rain, vineyard employee Élodie Bonet snaps off unwanted vine…

DAMASCUS, May 25 (Xinhua) — The Trump administration’s recent decision to ease longstanding sanctions on Syria has sparked cautious optimism among Syrians and regional observers, with many viewing it as a potential turning point in the country’s arduous path toward recovery after more than a decade of conflict. On Friday, the U.S. Treasury Department issued…

NAIROBI, Kenya, May 24 – Tatu City and Stanbic Bank Kenya have entered a partnership aimed at simplifying home ownership for Kenyans and diaspora investors through accessible property financing options. Under the agreement, buyers can access up to 105 percent financing for homes valued at Sh10.5 million, with a fixed interest rate of 9.5 percent,…

NAIROBI, Kenya, May 23 – Kenya’s State Department for Technical and Vocational Education and Training (TVET) is implementing major reforms to reposition the sector as a key driver of job creation and inclusive growth under the government’s Bottom-Up Economic Transformation Agenda (BETA). The reforms, presented to the National Assembly’s Departmental Committee on Education in April…

MAY 22 – When Japan’s farm minister declared that he never had to buy rice because his supporters give him “plenty” of it as gifts, he hoped to draw laughs. Instead Taku Eto drew outrage – and enough of it to force him to resign. Japan is facing its first cost-of-living crisis in decades, which is…

NAIROBI, Kenya, May 21 – The Public Service Commission (PSC) has directed all public bodies under its mandate to begin paying non-practice and prosecutorial/special legal allowances to eligible Advocates of the High Court working in the public service, effective July 1, 2025. The move follows judgments by the Employment and Labour Relations Court and the…