BUSINESS

Directors of troubled Savannah Cement illegally sold the company’s apartment in Nairobi for an unspecified amount soon after the firm fell into administration. Mr Kahi’s report shows the only other asset left as investment property is a parcel of vacant land in Kitengela measuring about 2.5 acres.
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1 year ago Read more at Business Daily

The new measure will see a 50 percent reduction of the annual Mount Kilimanjaro climbing business license fee from $2000 to $1000 effective July 1, 2024. The strategic decision is part of the government’s broad plan to quadruple annual tourists’ numbers to Africa’s highest mountain from 56,000 to 200,000.
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1 year ago Read more at The Citizen

Business Europe President, Fredrik Persson ADVERTISEMENT There are 44 countries in Europe. The European Central Bank (ECB) estimated growth in 2023 to be 0.6%. In the USA GDP increased at an annual rate of 3.3% in the fourth quarter of 2023. Business Europe represents 36 of Europe’s national business federations.
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1 year ago Read more at Euronews

LVMH’s fashion division, Prada and Bottega Veneta grew in the single digits. Hermès and Moncler brand also bucked industry trends. Burberry and Richemont will report their numbers on 15 and 17 May.
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1 year ago Read more at Vogue Business

Korea's no. 2 wireless carrier KT is utilizing AI technology in the entire process of content creation and TV viewing across its media and content units. KT will continue leading the market by integrating AI technology into the media value chain based on our business capabilities.
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1 year ago Read more at koreatimes

Four of the top 10 airlines with the smallest price discrepancies are based in Europe. Only one African airline - Air Algerie - and one American - American Airlines made top 10.
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1 year ago Read more at Euronews

News Annual subscribers also receive a complimentary subscription to The Wall Street Journal Personalised email news alerts. You can cancel anytime with two clicks, an email or a phone call.
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1 year ago Read more at BusinessDesk

Acer Malaysia has new offerings including commercial desktops, a portable dual-screen monitor and a high-quality projector, all crafted to ramp up productivity and multimedia experiences for professionals and businesses alike. Enhanced performance Acer introduces the Veriton S2720G and veriton X 2720G series, entry-level desktops packed with the latest 14th Gen Intel Core processors. These desktops promise concise performance with 8GB RAM and 512GB SSD storage, ideal for multitasking and quick data
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1 year ago Read more at theSun

At 9 am, the ringgit eased to 4.7715/7810 against the greenback from Friday’s close of 4.7650/7710. The FOMC is set to meet on April 30 and May 1 and markets are expecting no change in rates and the committee’s tone.
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1 year ago Read more at The Star Online

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1 year ago Read more at DIGITIMES