Can Europe’s firms be trusted to share their profits with the toiling masses?
Ask the European Central Bank, and you’ll get a resounding yes. In recent months, the Frankfurt-based institution has predicted that companies that have enjoy…Continue Reading
Antibiotics are among the greatest success stories in the history of medicine. They have saved millions of lives by turning once-deadly diseases into curable conditions. But the golden era of antibiotics has come to an end.
Pathogens that wer…Continue Reading
Less than 24 hours after clashing with the EU’s foreign policy chief at a meeting of EU foreign ministers, Hungary’s top diplomat Péter Szijjártó made a surprise trip to Russia.Â
The foreign minister sat down with the head of state-owned energy gia…Continue Reading
LONDON — Whisper it, but the City of London wants Donald Trump back.
As the U.S. heads for a highly contentious and close election in November, at the top of London’s pragmatic financial district there’s a distinct lack of fear, and even a li…Continue Reading
The inflation rate in Zanzibar has shown a notable decrease, reaching 5.26% for the year ending in July 2024. This is down from the 5.65% recorded in June of the previous year. According to a report released on August 13, 2024, by Hassan Jamal Hassan from the Division of StatisticsContinue Reading
USE Sees Sharp Decline in Weekly Turnover During the past week, shares worth UGX 543 million were traded at the Uganda Securities Exchange (USE). This figure represents a significant decline of 45.91% in weekly equities turnover compared to the previous week. The total trading volume fell to 7.26 million shares,Continue Reading
MTN Uganda has reported a significant increase in its financial performance for the first half of 2024, marked by substantial growth in data, fintech, and voice revenues. The company’s impressive results are accompanied by the announcement of its first dividend payment of the year. According to MTN Uganda’s financial statements,Continue Reading
On Thursday, the Uganda shilling maintained stability against the US dollar, trading within the range of 3725/3735 throughout the session. The stability came as a result of balanced activity between dollar buyers and sellers. During the trading session, dollar demand and supply were matched, resulting in no significant fluctuations inContinue Reading
Fitch’s Latest Downgrade Poses Risks for Kenyan Financial Markets On Saturday, Fitch Ratings downgraded Kenya’s credit rating further into junk status, marking the second major rating agency to express concern over the country’s debt. This downgrade adds to Kenya’s growing fiscal challenges and could lead to a broader market sell-off.Continue Reading
Odinga’s Plan: Elevate African Currencies and Trade Veteran opposition leader Raila Odinga has voiced strong support for the Pan-African Payment and Settlement System (PAPSS), citing its potential to enhance continental trade. Odinga, who is vying for the position of African Union Commission (AUC) Chairman in the upcoming election in February,Continue Reading