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SpaceX's AI spending unnerves Wall Street despite promises of quick payoff●Asia shares surge on tech mood swing, oil retreats●Yen finds footing after intervention, dollar near 6-week low on Mideast hopes●Oil steadies after two-day slump as investors eye Hormuz traffic●Fed's Schmid says finances around AI buildout merit watching●Some BOJ members expect inflation boost later this year, minutes show●Treasuries rise as falling oil eases pressure on Fed●SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally●SpaceX's AI spending unnerves Wall Street despite promises of quick payoff●Asia shares surge on tech mood swing, oil retreats●Yen finds footing after intervention, dollar near 6-week low on Mideast hopes●Oil steadies after two-day slump as investors eye Hormuz traffic●Fed's Schmid says finances around AI buildout merit watching●Some BOJ members expect inflation boost later this year, minutes show●Treasuries rise as falling oil eases pressure on Fed●SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally●

Emerging Markets

Ruto Orders a US$23 Monthly Stipend for Kenya’s Village Elders

The Rio Times · 3h ago · 🇧🇷 Brazil

Ruto Orders a US$23 Monthly Stipend for Kenya’s Village Elders

Kenya · POLITICS Key Facts —The stipend: President William Ruto has ordered a monthly stipend of KSh 3,000 for more than 106,000 village elders, beginning in the 2026/27 financial year. —The budget: Treasury Cabinet Secretary John Mbadi allocated KSh 3.9 billion in the 2026/27 budget for the stipends, signed into law in June 2026. —The […] The post Ruto Orders a US$23 Monthly Stipend for Kenya’s Village Elders appeared first on The Rio Times .

Read the full story at The Rio Times →

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