Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …
Read More »U.S. massive stimulus to trigger economic rebound, moderate inflation
Washington, U.S. | Xinhua | The 1.9 trillion U.S. dollar stimulus U.S. President Joe Biden signed into law recently is expected to trigger a robust economic rebound, but some inflation may be on the horizon, economists said. This comes a year after the U.S. economy took a nosedive off a cliff …
Read More »Biden’s massive relief package poses risks to emerging markets amid rising U.S. bond yields
Biden’s massive stimulus could set off inflationary pressures of a kind not seen in a generation Washington, U.S. | Xinhua | Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of …
Read More »U.S. equities post weekly losses amid rising bond yields
New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …
Read More »Will Inflation make a comeback?
Economic forecasting models have long been notoriously inaccurate in predicting inflation | AXEL A. WEBER | Current forecasts by many banks, central banks, and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to remain subdued …
Read More »Sudan food crisis worst in years: UN
Kampala, Uganda | XINHUA | Conflict-related displacements and high inflation rates on top of the impact of COVID-19 prevention measures are causing one of the worst food crises in recent years in Sudan, said the UN Office for the Coordination of Humanitarian Affairs (OCHA) on Thursday. Almost a quarter of the …
Read More »Ugandans paid more for eggs, peas in June- UBOS
Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics has revealed that Ugandans were in June charged high prices for some food items compared to May 2020. This is according to the Consumer Price Index (CPI) which measures what Ugandans pay for various goods and services. The June …
Read More »National Economy Committee queries UGX 1.2 Trillion BoU loan request
Nakaseke, Uganda | THE INDEPENDENT | The National Economy Committee of Parliament has raised concern over the management and credibility issues at Bank of Uganda in light of a fresh loan request of USD 491 million. The International Monetary Fund loan will see the Bank of Uganda (BoU) take US …
Read More »Sudan inflation soars to 99% as food prices rise
Khartoum, Sudan | AFP | Inflation in Sudan jumped to 99 percent because of rising food prices, official figures showed Saturday, more than a year after the country was rocked by protests sparked by bread price hikes. The inflation rate in April shot up from 82 percent the previous month due to increased prices of …
Read More »Sudan economy in crisis almost year after Bashir ouster
Khartoum, Sudan | AFP | Sudan’s economy has sunk into a deep crisis since the overthrow of longtime autocrat Omar al-Bashir almost a year ago, risking collapse and social unrest in a country in transition. Mass protests erupted in Sudan in late 2018 against a government decision to triple bread …
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