Tag: Billion
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Kenya: Govt Travel Costs Hit Sh4.97 Billion in Three Months Despite Austerity Pledge
Nairobi — The national government spent nearly Sh5 billion on travel in just the first three months of the 2025/26 financial year, raising fresh questions about adherence to austerity measures promised by President William Ruto to curb public spending. According to the National Government Budget Implementation Review Report for the First Three Months of FY read more
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Amazon seeks to raise $12 billion from US bond sale, Bloomberg News reports
(Reuters) -Amazon plans to raise about $12 billion in corporate bonds, its first such deal in U.S. dollars in about three years, Bloomberg News reported on Monday, as big tech firms increase investments to build infrastructure for artificial intelligence. The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a read more
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Crypto Funds Bled $2 Billion as Bitcoin and Ethereum Selloff Continues
Digital asset investment products recorded up to $2 billion in outflows last week. According to CoinShares, this massive outflow was triggered by monetary policy uncertainty and crypto-native whale selling. Bitcoin and Ethereum recorded a significant percentage of these outflows. CoinShares has published its weekly report showing the performance of digital asset products from Nov. 10 read more
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Sotheby’s CEO Says Supply Is ‘Catching Up With Demand’ as Fall Auctions Target $1.4 Billion
Sotheby’s CEO Charles Stewart said the art market has entered a new phase this fall, with supply finally “catching up with the demand” after months of strong bidder activity. The comment, made recently to CNBC, comes as New York’s marquee auction houses prepare for sales expected to totalmore than $1.4 billion, a jump of roughly50 read more
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