Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has further cut growth forecasts to just over 2 percent an indicator that the impact of coronavirus disease on the economy is deeper than earlier thought. In the June monetary policy statement issued on Monday, the central bank said that the …
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Geneva, Switzerland | AFP | The World Trade Organization on Monday kicked off the process for selecting a new director-general, after its current chief Roberto Azevedo decided to leave a year early. With Azevedo, a Brazilian career diplomat, now set to leave on August 31, the WTO opened a one-month …
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Rio de Janeiro, Brazil | AFP | Brazilian President Jair Bolsonaro has threatened to pull out of the WHO over “ideological bias,” as his counterpart Donald Trump said the US economy was recovering from the coronavirus pandemic while Europe slowly reopens its borders. From Africa to Europe to Asia, governments are …
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Washington, United States | AFP | The United States regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns began to ease, raising hopes the economy could recover from the crisis sooner than expected. The Labor Department report released Friday, which showed the jobless rate fall …
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London, United Kingdom | AFP | Massive financial stimulus in the wake of the coronavirus pandemic offers a “once in a lifetime” chance to insulate the global economy from the climate crisis, central bankers declared Friday. “This (COVID-19) crisis offers us a once-in-a-lifetime opportunity to rebuild our economy in order to withstand the next shock …
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Washington, United States | AFP | President Donald Trump asserted Friday that the United States has made it through the worst of the coronavirus pandemic, after new jobs numbers showed a surprising increase in employment. “We had the greatest economy in the history of the world. And that strength let us get through this horrible …
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Washington, United States | AFP | In further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data Thursday showed US a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains …
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London, United Kingdom | AFP | Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further easing of lockdowns while looking past China-US tensions and civil unrest across America. The upbeat mood — and hopes for an extension to a massive …
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London, United Kingdom | AFP | Global stock markets were mixed Monday, with US investors keeping a wary eye on violent anti-racism protests across the country and simmering tensions with China over Hong Kong. In Asia and then Europe, the focus was on the progressive easing of coronavirus lockdowns, offering hope …
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Kampala, Uganda | THE INDEPENDENT | The Secretary to the Treasury, Keith Muhakanizi has said Uganda will be lucky to grow at all in the calendar year 2020, underlining the extent of battering the coronavirus (COVID-19) has had on the country’s economy. Muhakanizi was today speaking at an event to …
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The Independent Uganda: You get the Truth we Pay the Price