Business

Barcelona, Spain | AFP |  Spain’s football league refused to accept a 222 million euro ($260 million) cheque on Friday in a new twist to Neymar’s ‘transfer of the century’ from Barcelona to Paris Saint-Germain. Representatives of the 25-year-old Brazilian were turned away from the Madrid headquarters of La Liga …

Doha, Qatar | AFP | Qatar announced on Wednesday a five-billion-euro order for seven warships from Italy in the midst of a nearly two-month diplomatic crisis with neighbouring Saudi Arabia and its allies. “We have signed a contract on behalf of the Qatari navy to acquire seven warships from Italy for …

Messi to Neymar: I wish you lots of luck in this new stage in your life Paris, France | AFP |  Neymar is expected to arrive in Paris on Thursday to finalise his world record 222 million euro ($260 million) move from Barcelona to Paris Saint-Germain, which will earn him around …

San Francisco, United States | AFP | Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12 percent to $8.7 billion, and revenue rose percent to $45.4 billion, with the California-based company selling 41 million iPhones …

London, United Kingdom | AFP | Rolls-Royce powered back into profit during the first half, propelled by strong deliveries for its Trent aircraft engines, lifting its share price almost ten percent Tuesday. Net profit stood at £1.58 billion ($2.1 billion, 1.77 billion euros) in the six months to June 30 compared …

Land probe: Key government file goes missing at Uganda Land Commission Kampala, Uganda | JULIUS BUSINGE |   The Chairman of the Uganda Land Commission Baguma Isoke has this afternoon told the ongoing Commission of Inquiry into land matters that a file containing lease documents for government property in Jinja has gone missing. …

Hoedspruit, South Africa | AFP |  It was a hard-fought victory for South Africa’s black community seeking to reclaim land, and for the Moletele ethnic group it has become a surprising model of wider racial cooperation. After a 10-year legal battle, the Moletele have taken back the land from which …

Johannesburg, South Africa | AFP | One of South Africa’s largest retailers Pick n Pay on Monday said it had cut around 3,500 jobs — 10 percent of its workforce — in a bid to curb costs in an economy battling a recession. “The voluntary severance programme is one of several …

Kampala, Uganda | GODFREY SSALI |  The Deputy Speaker Jacob Oulanyah has halted a proposed parliament investigation of Bank of Uganda (BOU) in relation to circumstances leading to the closure of Crane Bank. He cited  sub judice. Oulanyah made his ruling Tuesday afternoon after Budadiri East MP Nathan Nandala Mafabi …

Uganda participaes in Astana EXPO 2017, takes trade potential to central Asia Kampala, Uganda | THE INDEPENDENT | Uganda last week showcased her business, tourism and national achievements at the ongoing Astana EXPO2017 in Kazakhstan. The highlights of the Uganda day on July 24th 2017 included a press conference, a presentation …