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Kenya’s High Court quashed a tax measure meant to bankroll President William Ruto’s campaign pledge to build affordable housing, saying it was unconstitutional.
Sierra Leone said that 21 people including 13 of its soldiers had been killed in clashes with gunmen following attacks Sunday on an army base in the capital, Freetown.
Sweden’s heavily indebted commercial real estate owners remain vulnerable to rising borrowing costs and may need a 100 billion kronor ($9.6 billion) debt reduction, the country’s financial watchdog said.
Turmoil in the Swedish commercial real estate market could spill over into neighboring Denmark as heavily indebted landlords divest holdings, the central bank in Copenhagen said.
Austrian property tycoon Rene Benko transferred an 11.5% stake in Signa Holding GmbH to Swiss businessman Arthur Eugster in a sign of maneuvering around the embattled property and retail group as it holds last-ditch talks to secure emergency funding.
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