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Tag Archives: economy

Going back to austerity “will be a mistake”: UK PM

Kampala, Uganda | XINHUA | British Prime Minister Boris Johnson warned Monday of bumpy times ahead amid a looming recession in Britain, but insisted there would be no return to austerity in the country. In a broadcast interview on the Times Radio newly launched in London, Johnson said he was …

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How to boost cross-border financing solutions in Africa

Kampala, Uganda | Isaac Khisa | How can African countries boost cross-border financing solutions on the continent? This was the main issue discussed during the Pan-African e-conference hosted by the United Capital PLC, a Nigerian-based financial and investment Services Company, on Friday. Peter Ashade, the Group CEO at United Capital Plc. …

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South African president mulls infrastructure-led growth recovery plan

Kampala, Uganda | XINHUA | South Africa will use infrastructure development to recover from the COVID-19 impact, said the country’s President Cyril Ramaphosa on Tuesday. Ramaphosa made the remarks while addressing the sustainable infrastructure development symposium in Pretoria. He pointed out that COVID-19 has disrupted global financial markets, production, trade and …

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Equities rise further as recovery hopes offset second wave fears

London, United Kingdom | AFP | Stock markets extended gains Wednesday, although wins were far more modest than the strong rally seen in the previous session, as traders weighed coronavirus treatment and economic recovery hopes against fears of a second wave of COVID-19. In afternoon trading, London and Frankfurt were both up around half a percentage point, …

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Stock markets slip on fears of second virus wave

Hong Kong, China | AFP | Equities tumbled Monday, extending last week’s losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery. While European nations press ahead with their reopening after months of …

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