Shanghai, China | AFP | China’s decision to let its currency weaken against the dollar on Monday sent global markets diving further into the red and provoked a Twitter tirade from US President Donald Trump. The deteriorating picture appeared to worsen as official Chinese media reported Beijing ceased purchases of …
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Washington, United States | AFP | US President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, prompting Beijing to warn it was the wrong way to resolve the trade war. Trump’s move jolted US and Asian stock markets and came just a …
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New York, United States | AFP | Earlier US tariffs enacted in President Donald Trump’s trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This …
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Washington, United States | AFP | The US trade war truce with China which could ease sanctions on Huawei has prompted a backlash from lawmakers over national security concerns amid confusion over how the deal may impact the Chinese tech giant. In the weekend agreement with his Chinese counterpart Xi Jinping …
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New York, United States | AFP | President Donald Trump’s plan to impose tariffs on Mexico will affect myriad industries, but few are as exposed as automakers. Shares of several major automakers and auto suppliers dived five percent or more following Trump’s announcement Thursday night that the United States would impose …
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New York, United States | AFP | A US Commerce Department report has concluded that American auto imports threaten national security, setting the stage for possible tariffs by the White House, a person familiar with the matter said Thursday. The investigation, ordered by President Donald Trump in May, is “positive” …
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Washington, United States | AFP | The United States hopes to make “significant progress” during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce declared in December before US tariffs on hundreds of billions in Chinese exports are …
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Kampala, Uganda | THE INDEPENDENT | Electricity Regulatory Authority has reduced power tariffs for consumers due strengthening shilling and easing inflation. The domestic consumer tariff has been reduced by Shs 0.5 from Shs 769.5 shillings of the 2018 fourth quarters to Shs 769 of the first quarter of 2019. The average …
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Washington, United States | AFP | US President Donald Trump on Thursday authorized the suspension of controversial tariffs on steel and aluminum imports from key trade partners including the European Union. Trump shocked the world with his sudden announcement earlier this month of a 10-percent levy on aluminum and 25-percent …
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Kampala, Uganda | JULIUS BUSINGE | Ziria Tibalwa Waako is the Chief Executive Officer of the Electricity Regulatory Authority (ERA). The Independent’s Julius Businge attended a media training workshop on March 6 where she responded to a number of questions. How would you describe Uganda’s electricity sector at the moment? Uganda’s …
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