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Tag Archives: trade

UK parliament deals historic defeat to PM May’s Brexit deal

  London, United Kingdom | AFP | Britain’s parliament on Tuesday voted against Prime Minister Theresa May’s Brexit deal by a massive margin, triggering a no confidence vote that could bring down her government. The House of Commons lower house voted 432 to 202 against May’s plan for taking Britain …

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Trade war ‘certainly’ hurting China economy: US official

Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …

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Jimmy Carter says US, China should partner in Africa

Washington, United States | AFP | Former US president Jimmy Carter warned Monday of the risks of sliding into a Cold War with China and called on the powers to find common cause on African development. Marking the 40th anniversary of his January 1979 normalization of relations with Chinese leader …

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US, China talk ‘progress’ after phone call on trade

Washington, United States | AFP | Both the US and China spoke of progress Saturday after telephone talks between their leaders over a trade war that has rattled global markets. “Just had a long and very good call with President Xi of China,” US President Donald Trump said on Twitter …

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COMMENT: The G20’s Africa problem

Rather than include Africa in discussions about trade, the G20 addresses narrower development issue COMMENT | COBUS VAN STADEN | This has not been an easy year for the G20. The 2018 summit of the leaders of the world’s largest economies was held in Buenos Aires, a city still reeling from …

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Dubai firm to boost simsim trade in Northern Uganda

Kampala, Uganda | THE INDEPENDENT | Dubai based firm, Robust Trade Links is holding talks with farmers in Acholi and Lango sub-region to boost simsim trade. The firm wants to buy quality simsim oil seeds directly from the local farmers at prime prices. Eddy Ssentumbwe, the Robust Trade Links representative in …

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Uganda, Kenya trade volume on the rise says Kamuntu

Kampala, Uganda | THE INDEPENDENT | Tourism, Wildlife and Antiquities Minister, Professor Ephraim Kamuntu says trade between Kenya and Uganda is on the increase. He said the trade volume between the countries in the last two months totaled to USD 1.1 billion. Professor Kamuntu observed that the increased volume of trade …

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BoU: Uganda enjoying trade surplus with neighbours

Kampala, Uganda | THE INDEPENDENT | Uganda is presently enjoying trade surplus with all her neighbours, according to the Bank of Uganda. Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports. According to Adam Mugume, Bank of Uganda’s Executive Director for …

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