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Fire at Iraqi oil refinery injures 10: civil defence
Fire at Iraqi oil refinery injures 10: civil defence
Business and Economy
by  AFP

A massive fire at an oil refinery in Iraqi Kurdistan injured at least 10 people including firefighters battling to control the blaze, which was ongoing Thursday, the civil defence agency reported. "More than 10 people were injured, mainly men from the Arbil civil defence," the agency said in a statement, noting three fire trucks were burned.

Kenya to present budget with new tax hikes
Kenya to present budget with new tax hikes
Business and Economy
by  AFP

Kenya's finance minister is due to present Thursday the East African economic powerhouse's biggest ever budget, alongside a contentious finance bill that contains a raft of new or increased taxes. One of the most contentious provisions is the introduction of a motor vehicle tax set at 2.5 percent of the value of the car and the reintroduction of VAT on bread.

Why are Chinese electric cars in EU crosshairs?
Why are Chinese electric cars in EU crosshairs?
Business and Economy
by  AFP

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe. Almost 40 percent of those exports went to the European Union, making it the largest recipient of Chinese EVs. Who are the key players?