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2017: The year the bitcoin craze reached Wall Street

New York, United States | AFP | Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin …

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Answering Uganda’s fuel reserve question

More storage facilities in offing as private players increase storage capacity to match the growing demand Kampala, Uganda | JULIUS BUSINGE | With the current expansion of Uganda’s industry and manufacturing, transport, and services sectors in addition to a rapidly growing population,which are key consumers of petroleum products, one key question …

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Facebook moves to make more video ad money

San Francisco, United States | AFP | Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new ‘Watch’ section devoted to just that …

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British city refuses licence for Uber

London, United Kingdom | AFP | The city of York in northern England has refused to grant US ride-hailing app Uber a licence to operate, creating more headaches for the company in Britain after a similar move by regulators in London. The city’s council explained its decision on Tuesday by citing …

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Chinese auto giant to end petrol vehicle sales by 2025

Beijing, China | AFP | One of China’s largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country’s roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase …

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