Tag Archives: economy

New York, US | XINHUA | U.S. stocks eked out modest gains in the past week as Wall Street digested the Federal Reserve’s meeting minutes and a slew of economic data. For the week ending Friday, the Dow was roughly unchanged, the S&P 500 rose 0.7 percent, and the Nasdaq …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …