BP profits double on higher oil price

BP's annual profits more than doubled in 2017, largely thanks to the global increase in oil prices. The oil giant made $6.2bn ($4.4bn), up from $2.6bn made during the previous 12 months. Chief executive Bob Dudley...

Bitcoin dips below $10,000

Bitcoin has traded below $10,000 for the first time since early December. The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to a price index run by the news site...

Tobacco giant launches anti-smoking ad

Tobacco firm Philip Morris has placed an advertisement in some newspapers promoting its "ambition to stop selling cigarettes in the UK". It is part of the company's drive to achieve a "smoke-free future". The owner of...

US blocks Moneygram sale to China

The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China's Ant Financial, the digital payments arm of Alibaba. It is the highest profile Chinese deal to be rejected by Washington...
Kenya

Export, import market declines in 2016

Kenya’s export and import market experienced a slight decline in 2016, according to the 2017 Economic Survey Report by the Kenya National Bureau of Statistics. In this regard, total exports declined marginally from Kshs...

Bitcoin loses third of value over week

Bitcoin continues to give its investors an exciting ride. This week, it has fallen by about one-third from a record high of just short of $20,000. So far, on Friday alone, it has lost 14%...

Bitcoin futures trading begins exchange in Chicago

Bitcoin has begun trading on a major exchange for the first time. It launched on the Chicago Board Option Exchange (CBOE) futures exchange in Chicago on Sunday, allowing investors to bet on whether Bitcoin prices...

Big recall of baby milk products ordered

French baby milk formula maker Lactalis has ordered a global product recall over fears of salmonella contamination. Health authorities in France said 26 infants in the country have become sick since early December. The recall affects...

Bitcoin hits $17,000 as fears mount

Bitcoin briefly crossed through the $17,000 (£12,615) mark in volatile Asian trading, extending its record-breaking run. The cryptocurrency has soared about 70% this week according to Coindesk.com, despite fresh warnings of a dangerous bubble. Its dramatic...

Standoff between Burundi, EU delays signing of EPA

A standoff between Burundi and the European Union (EU) over political sanctions is set to further delay the signing and ratification of the Economic Partnership Agreement (EPA) between the EU and the East African...
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