KENYA HIKES FUEL PRICES BY 6% FOLLOWING LINGERING MIDDLE EAST TENSIONS. (PHOTO).

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 Kenya hikes fuel prices by 6% following lingering Middle East tensions Kenya raised the maximum retail prices of petrol and diesel on Wednesday, the energy regulator said, citing higher import costs linked to the conflict in the Middle East. The east African nation hiked petrol prices by 6% and diesel prices by 4.5% as it relies on the Middle East region for nearly all of its fuel supplies. A litre of diesel will cost 227.76 Kenyan shillings ($1.76) in the capital city of Nairobi, from 217.86 shillings, while kerosene will rise to 219.87 shillings from 191.38 shillings between October 15 and November 14, when new prices will be announced, TRT Afrika reported. The energy regulator said the government extended a reduction in value-added tax on fuel to 8% from 16% until January 14. Fuel prices affect multiple sectors including transport, agriculture and construction.
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META TO LAY OFF SEVERAL HUNDRED EMPLOYEES AMID AI REFOCUS, COMPANY OFFERS SOME NEW ROLES. (PHOTO).

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 Meta to lay off several hundred employees amid AI refocus, company offers some new roles

Meta is laying off several hundred employees across multiple divisions, including Facebook, global operations, recruiting, sales, and its virtual reality branch, Reality Labs, as the company shifts focus toward artificial intelligence. Some affected employees are being offered new roles within the company, though some positions may require relocation.

The layoffs follow previous reductions in January, when more than 1,000 Reality Labs positions were cut, and several VR studios were closed, impacting about 10% of the hardware division that produces Quest headsets and Horizon Worlds. Meta continues to invest heavily in generative AI, bringing on talent and acquiring startup Dreamer, with co-founder Hugo Barra returning to lead AI efforts. In addition, the company announced a new stock option incentive program for top executives, intended to retain leadership as Meta pursues its aggressive AI strategy.


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