March 14, 2025

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Finance

Olympics and OnlyFans: Some Paris athletes say they face a ‘broken’ finance system

PARIS (AP) — Dire financial straits are leading droves of Olympic athletes to sell images of their bodies to subscribers on OnlyFans — known for sexually explicit content — to sustain their dreams of gold at the Games. As they struggle to make ends meet, a spotlight is being cast on an Olympics funding system

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Finance

Vatican chief of staff testifies in UK finance trial, admits to false invoice and blames a deputy

ROME (AP) — Pope Francis’ chief of staff became one of the highest-ranking Holy See officials to testify in a foreign court Thursday, telling a British tribunal about the negotiations at the heart of the Vatican’s so-called “trial of the century,” admitting he filed a false invoice and pointing a finger at his one-time deputy

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Finance

Kenya’s president says he won’t sign the finance bill that led protesters to storm the parliament

NAIROBI, Kenya (AP) — Kenya’s president said Wednesday he won’t sign into law a finance bill proposing new taxes that prompted thousands of protesters to storm the parliament the previous day, leaving several people killed as police opened fire. It was the biggest assault on Kenya’s government in decades. The government wanted to raise funds

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Finance

Here’s what led Kenyans to burn part of parliament and call for the president’s resignation

KAMPALA, Uganda (AP) — Kenya’s president came to power by appealing to the common people, describing himself as a “hustler” and vowing relief from economic pain. But Tuesday’s deadly chaos in the capital, Nairobi, shows how far support for him has turned. Part of parliament burned as protesters rushed in and lawmakers fled. Bodies lay

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Finance

Thousands in Kenya demonstrate against proposed new taxes

NAIROBI, Kenya (AP) — Thousands of mostly young people demonstrated Thursday in Kenya’s capital and across the country against new tax proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business district to a standstill as horse-riding riot police threw tear-gas cannisters and opened water cannons

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Loans

Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

ABUJA, Nigeria (AP) — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country. The bank said in a statement late Thursday that the bulk of the loan — $1.5

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Funds

More money is going to African climate startups, but a huge funding gap remains

NAIROBI, Kenya (AP) — When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Climate tech was new in Africa, the continent was a fledgling destination for venture capital money, there

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