Finance & Economics | WPN World People News

Kenyan President Mwai Kibaki announced Monday that oil has been discovered in northwestern Kenya, but he cautioned that it will take years before the country begins production.

Nepal and China Sunday agreed to enhance trade relations and economic ties between them.

India has emerged as the world’s largest weapons importer in the last five years, according to a Swedish research group.

New claims for unemployment benefits fell to 348,000 last week, a new four year low as the economic recovery continues to accelerate.

The drought has taken a serious toll on livestock in the Horn of Africa.

Asserting that emerging economies of Asia are rapidly increasing their use of natural gas, the Prime Minister, Dr. Manmohan Singh, on Friday said the remarkable growth in the use of gas in Asian economies underscored the greater role that this region is poised to play in the future development of gas markets in the world.

Buoyed by a huge auto and electronics exports to the US, Japan has posted its first trade surplus in five months in February, according to the data released Thursday.

The new Human Grasp Assist device, or Robo-Glove (bottom) multiplies the strength of a human’s grasp and is derived from technology developed for Robonaut (top).

Asserting that India and Africa are the driving forces of global economic recovery, Commerce Minister Anand Sharma has said the Indian Government will fast track the establishment of specialised capacity building institutions in the continent.

Global airfares are on the rise just as many travelers are set to begin their Easter and seasonal vacations. The higher cost for an airline ticket is being blamed on rising crude oil and jet fuel prices.