When the war ended, the country resembled a wasteland. Air raids had flattened almost all industrial structures, and infrastructure was rendered unusable and large cities bombed out. Russian-led forces occupied the east, with millions fleeing their brutality. But West Germany’s economy recovered strongly after 1945, in what would soon be coined the Wirtschaftswunder (economic miracle). Unlike Nazi...
Deputy President William Ruto released a remix of the song Sipangwingwi hours after the National Cohesion and Integration Commission (NCIC) termed the word hate speech. The DP dropped the song dubbed Hatupangwingwi on Friday, April 8, amid an outcry from the public, who demanded an explanation from NCIC on why the phrase was banned. Gengetone artist ExRay featured the DP...
Oil prices rose on Friday but remained on course for a second weekly fall after countries announced plans to release crude from their strategic stocks. Brent crude futures were up 71 cents, or 0.7%, to $101.29 a barrel at 1056 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 85 cents, or 0.9%, to $96.88...
It has been a month since Russia was heavily sanctioned following its aggressive invasion of Ukraine. Sanctions led to a sharp fall of ruble, but since Russia declared to sell its oil using the ruble, Russia’s currency has bounced back up against the dollar to the levels last seen before the invasion of Ukraine. The...
