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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?

Japan's escargot entrepreneur achieves the 'impossible'
Japan's escargot entrepreneur achieves the 'impossible'
Business and Economy
by  AFP

Far from Parisian bistros serving up Burgundy snails, one Japanese man has figured out how to farm the slimy species -- a feat that has long eluded the French. Around five percent are homegrown in France, but these are a different species, helix aspersa, which are easier to farm and do not have the "Burgundy" name.

Tesla in last-minute shareholder sprint for huge Musk pay package
Tesla in last-minute shareholder sprint for huge Musk pay package
Business and Economy
by  AFP

Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package. "We think investors should buckle up for what could be a volatile week for shares ahead of Tesla's annual meeting on Thursday," said a note from CFRA Research's Garrett Nelson.