Britain’s May in Kenya to Boost Economic Ties Amid Brexit

Britain’s May in Kenya to boost economic ties amid Brexit; 1st PM to visit in 30 years.

NAIROBI, Kenya (AP) — British Prime Minister Theresa May on Thursday became the first UK leader to visit Kenya in 30 years, bringing security and development funding to East Africa’s commercial hub and neighboring Somalia as Britain seeks to boost economic ties ahead of a bumpy exit from the European Union in March.

US consumer spending up

U.S. consumer spending rose a solid 0.4 per cent in July, the sixth straight month of healthy gains. At the same time, a key gauge of inflation posted its sharpest annual gain in six years, likely keeping the Federal Reserve on track to keep raising interest rates gradually.

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