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Finance & Markets

Treasuries Gain as Oil Drop Eases Pressure on Inflation, Bessent

Treasuries gained as a decline in crude oil eased inflation concerns and the pressure on Treasury Secretary Scott Bessent, who has been moving to halt a months-long selloff that pushed the longest-dated yields to the highest in almost two decades.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Kenya’s counterfeit economy: How fake alcohol and illicit cigarettes became part of the market

Kenya’s illicit alcohol market has grown so large that illegal drinks now account for more than half of alcohol sold in the country, while illicit cigarettes are taking an equally significant share of…

  • Illicit alcohol accounts for over 60% of Kenya's alcohol sales.
  • Counterfeit alcohol poses health risks due to toxic contaminants like methanol.
  • Government loses significant revenue to tax evasion and smuggling of illicit alcohol.

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