Business

Fri,17Nov2017

Business

Kenya Airways narrows pretax loss, plans U.S. flights next year

Kenya Airways is part-owned by Air France KLM, who's logo is seen here, in Paris, July 26, 2013. Photo: AP Photo/Jacques BrinonKenya Airways reduced first-half losses by 20 percent, helped by cost cuts, and will start flights to New York next year, its new chief executive said on Friday as the company presses ahead with its turnaround.

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Kenya Airways narrows pretax loss, plans U.S. flights next year

Kenya Airways is part-owned by Air France KLM, who's logo is seen here, in Paris, July 26, 2013. Photo: AP Photo/Jacques BrinonKenya Airways reduced first-half losses by 20 percent, helped by cost cuts, and will start flights to New York next year, its new chief executive said on Friday as the company presses ahead with its turnaround.

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China will not change friendly policy toward Zimbabwe: FM spokesman

 A military vehicle is seen on a street in Harare, Zimbabwe, Thursday, Nov. 16, 2017. Photo: AP/SIPAA Chinese Foreign Ministry spokesman said on Thursday that China will not change its friendly policy toward Zimbabwe.

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Angola president dismisses Sonangol chair Isabel dos Santos

Angola's then defence minister and now President, Joao Lourenco, shows his ink-stained finger after casting his vote in Luanda, Angola, Aug. 23, 2017. Photo: Bruno Fonseca/AP/SIPAAngolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday, in a dramatic move against the family of the former president.

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Ghana opens talks with Exxon on deepwater drilling contract

 This April 25, 2017, photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobile Corp. Photo: Mark Humphrey/AP/SIPAGhana has opened talks with Exxon Mobil Corp to allow the U.S. oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday.

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South Africa strains pushes debt insurance costs to 4-month high

SA President Jacob Zuma delivers a speech at the BRICS Summit in Xiamen, Fujian province in China, Sept. 4, 2017. Photo:  Kenzaburo Fukuhara/AP/SIPAThe cost of insuring South African debt hit a four-month high on Monday, as scandal-plagued power firm Eskom warned it was in financial trouble and worries swirled about the country's remaining investment grade credit ratings.

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Government raises Kenya Airways stake in debt swap deal

Kenyan Airways pilots walk past a Kenya Airways plane,May 5, 2007 at Jomo Kenyatta airport in Nairobi. Photo:KAREL PRINSLOO/AP/SIPAThe Kenyan government and domestic lenders have agreed to convert more than $400 million of Kenya Airways' debt into equity, increasing the state's stake in the airline to almost 50 percent.

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