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Kenya's economy enters first recession in 20 years
Kenya's economy has slipped into recession for the first time in 20 years as measures to contain the spread of COVID-19 hit industrial output. GDP contracted by 1.1-percent in the third quarter, after sliding five-and- a-half percent in the prior period. The country's education, tourism and food businesses are among the worst affected.
Samsung phone sales drop 11% in Q4 as rival Apple gains
Samsung's fourth quarter revenues climbed 2.8-percent compared to last year, on strong demand for home appliances. But mobile phone sales fell 11-percent, as rival Apple's new line-up of smartphones pulled customers away from the South Korean tech giant. The company expects the rollout of its new Galaxy smart devices to prop-up sales in this quarter.
Toyota overtakes VW as world's highest-selling auto brand
Toyota sold 9-and- a-half-million vehicles in 2020 to become the world's highest selling automotive brand. It's reclaimed the title from Volkswagen after five years. The Japanese automaker enjoyed strong demand, including a 10-percent jump in sales in China, bucking the declining trend in global auto sales.
Turkey arrests dozens in Thodex crypto exchange fraud probe
Turkish authorities are seeking a so-called 'red notice' from Interpol that would help them track down and arrest the founder of one of the country's biggest cryptocurrency exchanges, Thodex. Faruk Fatih Ozer, who's said to have fled to...
Published 04/23/21
Turkey opens probe into cryptocurrency platform Thodex
Turkish prosecutors have launched an investigation into Turkish cryptocurrency exchange platform, Thodex. That's after the exchange abruptly shut down while holding at least 2-billion dollars, leaving thousands of users unable to access their...
Published 04/23/21