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Musk tells jury 'people read too much' into his posts
Elon Musk testified in a California court that investors "read too much" into his social media posts regarding his 2022 Twitter purchase, defending against claims that his tweets manipulated the market. A U.S. Court of International Trade ordered Customs and Border Protection to issue refunds for tariffs previously imposed by President Donald Trump under the International Emergency Economic Powers Act, following the Supreme Court striking down these levies last month. Meanwhile, Venezuelan interim president Delcy Rodríguez and U.S. Secretary of the Interior Doug Burgum announced both nations will collaborate on developing Venezuela's mining sector, following recent U.S. actions involving the seizure of Nicolás Maduro.
Mars Wrigley scales up sugar-free gum exports from Kenya
Mars Wrigley Kenya has significantly increased its production of sugar-free gum at its Athi River plant, transforming it into a key export hub for Africa and the Middle East. Kenyan manufacturers are urged to adopt modern packaging standards to maintain their global competitive edge, as highlighted at the 10th Propak East Africa Expo which showcases the rapid expansion of the region's packaging industry. However, Twiga Tatu SEZ Limited is facing liquidation after a creditor filed a petition at the High Court for failure to settle outstanding debts.
Kenya halves US debt in a year on accelerated payments
Kenya has significantly reduced its debt to the United States, cutting it by half in the year ending December 2025 in a rapid repayment effort driven by America's shift away from bilateral lending. Kenyan ministries are set to see an 11.3 percent increase in their budgets, totaling an additional Sh287.4 billion for the 2025/26 financial year due to mounting spending pressures. In Uganda, Minister of Energy and Mineral Development Ruth Nankabirwa urged petroleum marketing companies not to increase pump prices due to the Middle East crisis, emphasizing there is no justification for such hikes.
