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SEOUL, South Korea (AP) — Global stocks rose Wednesday after Japanese Prime Minister Shinzo Abe announced plans for a whopping 28 trillion yen ($254 billion) stimulus package. Investors were awaiting a policy statement by the Federal Reserve, as strong U.S. economic data raised questions over the likely course for interest rates.
The board and senior executives of Kenya Airways lack the ability to steer the carrier out of its current loss-making streak, the Kenya Airline Pilots Association (KALPA) said on Wednesday. The airline, which is part-owned by Air France KLM, said last week its pretax loss narrowed 12 percent to 26.1 billion shillings ($257.78 million) in the year to March, amidst a decline in operating losses. "KALPA reaffirms its lack of confidence in the board of directors and top-level management overseeing the recovery of Kenya Airways," the union said in a statement.