International
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Why more countries want to join BRICS
BRICS, an emerging market group that includes Brazil, Russia, India, China and South Africa, will hold its 15th annual gathering,…
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Russia’s central bank hikes rates to 12 percent to halt rouble’s slide
Russia’s central bank has hiked its key interest rate by 350 basis points to 12 percent, an emergency move to…
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Argentina hikes benchmark interest rate to 118% to defend devalued currency
Argentina devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points…
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IEA sees slower 2024 oil demand growth, tightening market this year
The International Energy Agency (IEA) on Friday said demand growth for oil next year will be slower than previously forecast,…
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Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
Oil firm Saudi Aramco announced its profits of Ksh.4.3 trillion (US$30.08 billion) for the second quarter, a sharp fall from…
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