KENYA ORDERS CLOSURE OF SMALL-SCALE BUSINESSES OWNED BY FOREIGNERS. (PHOTO).

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 Kenya orders closure of small-scale businesses owned by foreigners Kenyan President William Ruto ordered authorities to begin shutting down small businesses operated by foreign nationals from Monday, Sept. 7, saying hawking and small-scale retail should be reserved for Kenyans. Speaking to micro, small and medium enterprise traders at State House in Nairobi, Ruto said Kenya welcomes foreign investment but argued that foreigners should not compete with citizens in businesses requiring little capital. "From next week, all traders doing those small businesses should close them," Ruto said, Anadolu Agency reported. "We have made efforts to improve the economy, we have not improved investor confidence for hawkers to come to Kenya," he added. ‘Prioritising Kenyan citizens’ Ruto said the government would push ahead with legislation aimed at defining areas of economic activity that should prioritise Kenyan citizens.
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'I LOVE THE INFLATION,' TRUMP SAYS AFTER SURGE IN PRICES HITS 3-YEAR HIGH. (PHOTO).

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 'I love the inflation,' Trump says after surge in prices hits 3-year high


President Donald Trump dismissed concerns about rising consumer prices, telling reporters on June 10 that he “loves the inflation” despite gas costs climbing sharply during the ongoing U.S. conflict with Iran. 


The Labor Department reported that inflation rose 4.2% in May compared to the previous year the highest increase in three years. 


Trump claimed the U.S. has secretly taken millions of barrels of oil from Iran to help stabilize prices, though he did not specify amounts or timing.


Since the war began in late February, gas prices have surged more than 40% for American consumers, with monthly increases continuing through the spring. Energy costs accounted for the majority of May’s inflation spike, according to the Consumer Price Index. 


Trump insisted that once the war ends, prices will “come down like a rock,” but acknowledged that peace talks with Iran remain stalled. He also announced plans for new strikes, accusing Iran of delaying negotiations.


The economic fallout from the conflict is expected to weigh heavily on the upcoming midterm elections. 


Republicans face challenges in holding their slim House majority, while Democrats see opportunities to gain ground in the Senate. 


Trump’s remarks highlight the political risks of high gas prices and inflation tied to the war, even as he maintains confidence that conditions will improve once hostilities conclude.

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