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Moody's cuts Kenya debt rating further into junk territory
Moody's cuts Kenya debt rating further into junk territory
by  AFP

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, are likely to further increase borrowing costs for the cash-strapped government.

Moody's cuts Kenya debt rating further into junk
Moody's cuts Kenya debt rating further into junk
by  AFP

Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, is likely to further increase borrowing costs for the cash-strapped government.

Samsung says 'no disruption' to production despite strike
Samsung says 'no disruption' to production despite strike
by  AFP

South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers. "There has been no disruption to production," local media quoted Samsung as saying.

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