Mumias Sugar Co., Kenya’s biggest processor of the sweetener, rose to a seven-week high after an African trading block supported the nation’s bid to extend a cap on the quantity of duty-free imports of the commodity.
Mumias Sugar Co., Kenya’s biggest processor of the sweetener, declined to the lowest since 2004 on concern that the company will face a challenge when safeguards against cheaper imports expire in March.
The five-nation East African Community will declare a common market tomorrow, leading to the creation of a free trade zone over the next few years and ultimately enabling them to forge a political federation.
It has gone down in Pentagon lore as the “Last Supper”: a 1993 dinner party in which William Perry, then deputy U.S. defense secretary, told bosses of weapons manufacturers that post-Cold War budget cuts would force them to merge or go out of business.
Less that two months after Ukrainian heavyweight boxing champion Vladimir Klitschko defeated Russian challenger Alexander Povetkin in a packed Moscow arena, Russia took its revenge on Ukraine. The Eastern European nation's president, Viktor Yanukovich, bowed to pressure from his Russian counterpart, Vladimir Putin, and signaled that his country won't sign a key agreement with the European Union next week, opting instead to stay within Russia's sphere of influence.
In the London mansion where Benjamin Franklin negotiated American independence, British rebels gathered to toast their own fight against the European Union and deliver a warning shot to Prime Minister David Cameron.