NAIROBI, Kenya, July 1 – Jubilee Allianz General Insurance (Kenya) Limited has received a capital injection of Sh2.75 billion from its shareholders, enabling the insurer to meet the Insurance Regulatory Authority’s (IRA) capital adequacy requirements. The fresh capital now places the company above the 100 percent threshold for capital adequacy ratio, a key metric used…
JUNE 30 – Canada has scrapped a tax on big US technology firms, just hours before it was due to come into force, to allow trade talks between the two countries to restart. On Friday, US President Donald Trump called off negotiations over a trade deal, describing the tax as a “blatant attack”, and threatened…
DHAKA, June 29 (Xinhua) — Stakeholders in the Bangladeshi telecommunications industry have expressed their worries over the possible dominance of Starlink in the country’s Internet Service Providers (ISPs) market. They expressed their views at a workshop and press briefing organized by the Telecom and Technology Reporter’s Network, Bangladesh (TRNB) themed “Proposed draft telecom policy: Challenges…
JUNE 28 – US President Donald Trump has said he is cutting off trade talks with Canada “immediately” as the country looks to start enforcing a tax policy targeting big tech companies. The latest move, which he announced on social media, comes as the neighbouring nations had been working to agree a trade deal by…
JUNE 27 – Canada’s parliament has passed a landmark bill giving Prime Minister Mark Carney’s government new powers to fast-track major national projects. The One Canadian Economy Act was passed by the Senate on Thursday, and allows the cabinet to streamline approvals processes and bypass certain provisions of federal laws for projects that could boost…
NAIROBI, Kenya, June 26 – The rise in global demand for donkey skin used to manufacture ejiao, a traditional Chinese medicine made from donkey skin, has led to widespread donkey theft and sharp drops in household income across the African continent, a new report by The Donkey Sanctuary has revealed. Titled ‘Stolen Donkeys, Stolen Futures’,…
JUNE 25 – A US judge has ruled that using books to train artificial intelligence (AI) software is not a violation of US copyright law. The decision came out of a lawsuit brought last year against AI firm Anthropic by three authors, including best-selling mystery thriller writer Andrea Bartz, who accused it of stealing her…
NAIROBI, Kenya Jun 24 – The Kenya Bureau of Standards (KEBS) has permitted entry of special-purpose motor vehicles older than eight years and those with left-hand drive (LHD) configurations into the country, provided they meet strict conditions. In a notice to importers, KEBS stated special-purpose vehicles will now be considered for importation if they can…
TOKYO, June 23 (Xinhua) — The average price of newly built condominiums released in May across Tokyo and its surrounding prefectures continued to rise in May, according to a report released Monday by the Real Estate Economic Institute. Condo prices averaged at approximately 93.96 million yen (about 638,649 U.S. dollars) last month, up 25.5 percent…
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