Eight Kenyan banks including Equity and KCB have advanced national carrier Kenya Airways additional loans amounting to Ksh4.3 billion ($42.6 million) as part of the ongoing capital restructuring at the airline. The new debt is backed by government guarantees, protecting the lenders from the national carrier's default. The airline, known by its
Year: 2018
BMW says May sales of BMW, Mini vehicles dip due to China tariffs
VW’s Skoda Auto May deliveries rise 13%
FILE PHOTO: The Skoda Vision X car is presented during an event at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 5, 2018. REUTERS/Denis Balibouse/File Photo Prague (Reuters) - Global deliveries by Volkswagen’s Czech carmaker Skoda Auto rose 13.4 percent year-on-year in May, posting the best-ever result for the
Land Rover Discovery model moved to Slovakia from the UK
Daimler forced to recall Mercedes with defeat devices
FILE PHOTO: The Mercedes-Benz logo is seen before the company's annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela Rehle/File Photo The German government has ordered carmaker Daimler to recall 238,000 vehicles in Germany after they were found to be fitted with illegal software that masks diesel emissions. Across Europe, a
Kerry Logistics launches new rail services to Caucasus region
Kerry Logistics launches rail and road freight services from China to Caucasus and Turkey. Hong Kong-based Kerry Logistics continues to invest in the “One Belt, One Road” initiative that promotes trade between Europe and China by releasing plans to launch a new 18- to 20-day railway service. The 3PL also said it
Ireland’s post office is buying electric cargo tricycles
The electric tricycles will resemble those used by private delivery firms such as DHL in countries including Germany Electric trikes get stamp of approval from An Post Image of traditional postman gets the sack as mail goes environmentally friendly with new fleet The quintessential image of a postie pedalling a bike
Container shipping lines are having difficulty passing along higher fuel costs to customers
Container spot rates in retreat as 'gung-ho' carriers jockey for market share The Shanghai Containerized Freight Index (SCFI) lost a cumulative 2.8% this week as container spot rates on the transpacific and Asia-South America trades went into retreat. The SCFI’s comprehensive index is 7.2% below the level of a year ago, despite
Nigerians Buying Petrol at 41.3% Less of Actual Cost – Government
The actual price of Premium Motor Spirit, PMS, also known as petrol, climbed to N205 per litre, according to documents obtained from the Petroleum Products Pricing Regulatory Agency (PPPRA), Vanguard newspaper reported According to the documents from the PPPRA, the price of the commodity appreciated by 8.47 percent from N189 per
How Pilot landed plane after co-pilot was ‘sucked halfway’ out cockpit window
The Chinese pilot, Liu Chuanjian, was awarded the five million yuan and the title of “hero captain of China’s civil aviation.” (Courtesy of ChinaDaily) ...pilot awarded $777,912 for his heroism A pilot of Sichuan Airlines, Liu Chuanjian, Chuanjian was operating one the Chinese airline's flight to Lhasa, the capital of Tibet, on May 14 when