Tag: Stock markets
-
Kenya Terminates Airport and Power Agreements with Adani Following US Fraud Charges
Kenya has terminated agreements with Indian conglomerate Adani for the development of an airport and several power projects following the company’s indictment in the United States on fraud charges. The decision comes amid concerns over the implications of the legal issues faced by Adani on its international partnerships and projects. This move by Kenya highlights…
-
Asian Stocks Plunge Following US Economic Concerns, Nikkei Suffers Worst Drop Since 1987
In a significant market movement, the Nikkei index in Japan experienced a sharp fall of 12.4%, marking its worst decline since the Black Monday crash in 1987. This downturn is part of a broader sell-off in Asian stocks triggered by new U.S. data that has heightened fears of a potential recession. Investors are reacting to…