Washington, US | XINHUA | More than 30 major U.S. business groups said on Tuesday that they’re unlikely to implement President Donald Trump’s recent executive order (EO) on payroll tax deferral as it would prove “unworkable” and impose a large tax bill on American families next year. “Under current law, …
Read More »China-Africa cooperation key to boost COVID-19 response, industrial growth: experts
Nairobi, Kenya | XINHUA | African countries should leverage on robust bilateral ties with China to boost action on COVID-19 pandemic and hasten growth of the continent’s manufacturing sector, experts said on Tuesday. Speaking at a virtual forum in Nairobi, the experts from Africa and China noted that Africa’s COVID-19 battle …
Read More »Economy bouncing back, exports rise to $337 million in July
Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …
Read More »Stable China-U.S. relations important for world development, says expert
Paris, France | XINHUA | Safeguarding and stabilizing the relations between China and the United States has an impact on peace, stability and development in the world, Sonia Bressler, a French writer and Sinologist, told Xinhua in an interview on Saturday. “The relations between China and the United States are …
Read More »Central America battling poverty, weak health systems during COVID-19 pandemic, say experts
Mexico City, Mexico | XINHUA | The COVID-19 pandemic has increased poverty, expanded the size of the informal economy, and threatened the weak health systems of some countries in Central America, experts have said. According to the Inter-American Development Bank, 274,000 formal jobs could be lost in Guatemala, 130,000 in …
Read More »U.S.-China political tensions may have little impact on China’s economy: investment strategist
Washington, US | XINHUA | There is a low risk that U.S.-China political tensions will derail China’s V-shaped economic recovery, as the Chinese economy is becoming more domestic consumption-driven, according to a U.S. investment expert. “Life in China has been gradually getting back to normal since March, and July was …
Read More »Trump pushes for more COVID-19 relief after Congress leaves Washington with no deal in sight
Washington, US | XINHUA | U.S. President Donald Trump on Friday pushed for more COVID-19 relief to households and small businesses after congressional lawmakers left Washington D.C. with no deal in sight. “I have directed the Secretary of the Treasury to get ready and send direct payments of $3400 for …
Read More »Trump’s coronavirus relief offers too little to help U.S. economy, experts say
Washington, US | XINHUA | U.S. President Donald Trump’s recent coronavirus relief orders have little to offer for the macro U.S. economy in a crisis, experts said. One of the four executive orders will extend extra unemployment benefits through the end of the year at a level of 400 U.S. …
Read More »BoU lists banks with lowest lending rates on loans
Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has named commercial banks charged borrowers lowest rates between January and June 2020, effectively making them the cheapest lenders for debtors to run to. Absa bank, Baroda, Bank of India, Citibank, Ecobank, NC Bank, Stanbic Bank, Standard Chartered Bank, United Bank of …
Read More »Experts say cooperation only right choice for U.S., China
Washington, US | XINHUA | Bilateral cooperation is the only right choice for the United States and China, experts from various countries have said. The two major countries in the world, which share extensive common interests, stand to gain from cooperation and lose from confrontation, they said. In a recent …
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