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Trump backs ‘One China’ policy in first call with Xi

Washington, United States | AFP | President Donald Trump reaffirmed Washington’s ‘One China’ policy on Thursday in his first conversation with Xi Jinping, an apparent effort to ease tensions after angering Beijing by questioning a major plank of Sino-US relations. During a phone call with China’s leader, the US president …

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Oil giant TOTAL’s annual net profits up 22% at $6.2 billion

Total confident despite volatile oil prices Paris, France | AFP |  French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 …

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Govt taking steps to reduce domestic arrears

Government is taking steps in ministries and departments intended to reduce and solve the problem of increasing domestic arrears, the Minister of State for Finance David Bahati has said. One of the steps, the minister said was instituting prepaid systems for utilities. “The biggest part of domestic arrears is on …

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IMF on spot over liberalization policy

Christine Lagarde says government need to focus on reducing inequality The International Monetary Fund Managing Director Christine Lagarde on Jan. 27 found herself on the defensive as the audience sought for the global fund’s roles on Uganda’s development. This was during a public lecture held at the Kampala Serena Conference …

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Kagame tells AU: Reform or perish

President Paul Kagame says Africa has to mobilise its own resources to finance activities of the African Union Commission and not depend almost entirely on money from donors. The President presented the proposal as part of reform proposals of the African Union (AU) to fellow Heads of State and Government …

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Tech sector leads resistance to Trump travel ban

Washington, United States | AFP | A coalition led by some of the world’s biggest tech firms is taking on President Donald Trump’s travel ban, signaling the contentious relationship between the sector and the White House could be about to get worse. Scores of technology giants — including Apple, Facebook, …

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