The Supreme Court of Kenya has overturned the result of the recent presidential election, meaning the contest will have to be re-run, leading to fears of unrest. Kenya’s President Uhuru Kenyatta won a second term in office on August 11 with a reported 54.3 percent of the vote, but the Supreme Court Friday ruled that […]

Facebook CEO Mark Zuckerberg and a host of leading business executives have called on U.S. President Donald Trump to preserve the rights of “dreamers” under an immigration reform program founded by the Obama administration in June 2012. The Deferred Action for Childhood Arrivals program (DACA), a policy that grants leniency to undocumented immigrants brought to […]

A prominent U.K. economist and former chairman of the country’s financial regulator has split with his contemporaries by declaring that immigration was a “legitimate concern” in the Brexit vote last year, which he believes is now being overlooked in the current negotiations with the EU. “I think that the most fundamental reason why the Brexit […]

India’s demonetized currency may have found its way back into the system but analysts suggest that far from tarnishing Prime Minister Narendra Modi‘s image, the strategy will ultimately viewed as a success. “It’s important to remember that the demonetization move was intended more as a political move than as an economic one,” noted New York-based […]

Indivior said on Friday it would appeal against a U.S. court ruling that generic drug maker Dr Reddy’s had not infringed its patents, potentially opening the way to a rival to the firm’s Suboxone Film opioid addiction treatment. London-listed Indivior has said it would not be able to rely on patents to prevent Dr. Reddy’s […]

The United States has told Russia to close its consulate in San Francisco and buildings in Washington and New York that house trade missions, the State Department said on Thursday, in retaliation for Moscow cutting the U.S. diplomatic presence in Russia. The announcement was the latest in tit-for-tat measures between the two countries that have […]

Russian President Vladimir Putin urged the U.S. and others to avoid going down a “dead-end road” with North Korea on Friday, adding only dialogue without pre-conditions could resolve the crisis. “Russia believes that the policy of putting pressure on Pyongyang to stop its nuclear missile program is misguided and futile,” Putin said in an article […]

The European Central Bank has a big problem in its hands and it originates from the United States, a former president of the central bank told CNBC Friday. The growing strength of the euro – which recently broke the $1.20 benchmark – is raising questions about the future of monetary policy in Europe. It’s the […]

European markets are expected to start trade mixed to slightly higher on Friday morning, as investors gear up for more data releases, while taking note of the positive trading seen overseas. The U.K.’s FTSE 100 is expected to open 4 points lower at 7,426, while the German DAX is set to start on a positive […]

Bosses in France will find it easier to hire and fire staff under new reforms aimed at overhauling the country’s notoriously stringent labor market. The French government laid out 36 new measures on Thursday as part of President Emmanuel Macron‘s plans to encourage employment and business freedoms. These include greater autonomy at a workplace level, […]