Bloomberg Government-imposed caps on commercial interest rates risk destroying Kenya’s banking industry unless they’re addressed soon, the head of the country’s biggest lender said. KCB Group Plc wants the ceiling raised to more than the current 400 basis-point limit above official rates, an easier route than seeking a repeal of the law in parliament, Chief Financial Officer Lawrence Kimathi said ...

Bloomberg India took the drastic measure of grounding all Airbus SE narrow-body planes powered by the latest Pratt & Whitney engines, removing the aircraft from the country’s skies after a series of in-flight incidents. A320neos with even one Pratt engine featuring a seal found to cause vibrations are no longer allowed to fly, India’s Directorate General of Civil Aviation said ...

Bloomberg Trump Hotels is looking to expand beyond its regular business to managing lodging properties under brands other than its own. The first step in that direction may be running a hotel linked to the president’s son-in-law. The company founded by Donald Trump is in talks to manage a planned hotel in Long Branch, New Jersey, that is under development ...