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Tag Archives: trade

US-China trade war sparks IMF global growth cut warning

Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …

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COMMENT: The real problem with free trade

It is that free trade has enabled a few predatory multinational companies to secure monopolies COMMENT | JAYATI GHOSH | For most critics of globalisation, trade is the villain, responsible for deepening inequality and rising economic insecurity among workers. This is the logic driving support for U.S. President Donald Trump’s escalating …

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Africa-India trade decline to US$55bn-Report

Uganda plans to intensify relations in trade, tourism and investment Kampala, Uganda | JULIUS BUSINGE | Trade between Africa and India has recorded a 30% decline in volume from US$78billion in 2014 to about $55 billion in 2017 citing a tough economic environment. However, this was more than seven times higher …

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Nigeria, China in currency swap

Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …

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Prof Mulengani to Ugandans: Up your competitiveness

Kampala, Uganda | THE INDEPENDENT | Renowned management scholar, Prof. Allan Katwalo Mulengani, says Ugandans have to up their competitiveness in the marketplace or else they will be overrun by foreign interests. Mulengani, the Director of Nairobi-based Abacus Business School, was speaking at a business banking breakfast meeting organized by …

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IMF’s Lagarde warns against harming trade, investment

Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …

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Britain eyes Brexit boost from Commonwealth summit

2364, United Kingdom | AFP | Britain’s hosting of this week’s Commonwealth summit was overshadowed Monday by a scandal involving longtime Caribbean immigrants threatened with deportation, distracting from an agenda of increased trade London hoped to promote ahead of Brexit. After initially turning them down, Prime Minister Theresa May is …

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