Business

Washington, United States | AFP | Apple’s bombshell news — a sharply weaker revenue outlook and lower iPhone sales — has raised questions over the future of the California giant, which until recently had been seen as the undisputed innovation leader in the tech sector. Apple’s rare admission on Wednesday …

Chicago, United States | AFP | Major auto makers announced their end-of-year US sales totals Thursday, showing a slowing market even as Americans’ demand for more expensive SUVs and trucks drove up priaces. US consumers continued the trend away from small cars and sedans, but appeared increasingly squeezed by higher …

Frankfurt am Main, Germany | AFP | Some 372,000 German owners of Volkswagen cars fitted with motors that cheated emissions tests have joined a collective legal action against the auto giant, official figures showed Thursday. Hundreds of thousands of people signed up to the collective action between late November and …

Los Angeles, United States | AFP | “Aquaman” displayed a powerful kick in North American theaters over the weekend, taking in an estimated $52.1 million to help close a record year for the movie sector, final figures showed Wednesday. With hunky and heavily tattooed Jason Momoa in the lead role, …

San Francisco, United States | AFP | Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected “economic deceleration” in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing. …

Los Angeles, United States | AFP | Disney posted its second best year at the box office ever, raking in $7.325 billion worldwide for everything from “Black Panther” and “Avengers: Infinity War” to hit animated sequel “Incredibles 2” and the latest “Star Wars” film. Disney remains the only studio to …

  Jinja, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga, has urged farmers to consider intensive commercial agriculture in a bid to grow household incomes and improve Uganda’s economy. Kadaga also asked farmers in Busoga sub-region to take advantage of the several partnerships made with the Government …

SICPA embroiled in fraud cases in various countries Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan government has bowed to pressure from manufacturers and decided to put on hold the introduction of Digital Stamps intended to plug revenue leakages. This follows a series of meeting between the Minister of Finance, Planning and …

Tarhuna, Libya | AFP | Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country’s devastating conflicts. But the industry of extracting olive oil, often dubbed “green gold”, is now under threat after Libyan authorities halted exports in a …

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …