How government’s recent borrowing and spending binge has put us on the highway to Ghana THE LAST WORD | Andrew M. Mwenda | Ghana is in a serious economic crisis. In November, its inflation rate was 50.3%. On December 19, it all but declared bankruptcy. In a press statement, its government announced …
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New York, U.S. | Xinhua | Multiple U.S. agencies have filed charges against Sam Bankman-Fried, founder and former chief executive officer of cryptocurrency derivatives exchange FTX, which went into bankruptcy in November 2022. The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Bankman-Fried with defrauding investors and customers in crypto …
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New York, U.S. | Xinhua | U.S. cryptocurrency lender BlockFi Inc. may allow its clients to withdraw their assets soon according to the first hearing on Tuesday, one day after its announcement of voluntary bankruptcy. A motion could be filed quickly to allow BlockFi’s customers to withdraw from their personal wallets, …
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New York, U.S. | Xinhua | The recent bankruptcy of heavyweight cryptocurrency derivatives exchange FTX slammed confidence in the nascent industry, with pressure mounting for more regulation in the crypto space, according to industry insiders. The fall of FTX means a setback for the industry for at least one cycle, which …
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Kampala, Uganda | THE INDEPENDENT | A bankruptcy litigation against Global Security JSC, a Russian company that was awarded a 10-year contract to install digital monitoring systems in all motorcycles and vehicles in Uganda has been terminated. The case was terminated on November 22, according to a ruling by the Arbitration …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Security Maj. Gen. Jim Muhwezi has denied any influence in the signing of the contract between the government and a Russian company to install digital monitoring systems in all motorcycles and vehicles. Muhwezi on Thursday presented a personal statement on the floor of …
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Kampala, Uganda | THE INDEPENDENT | The Attorney General Kiryowa Kiwanuka says the 10-year contract government of Uganda signed with Russian company Joint Stock Company Global Security to install digital monitoring systems in all motorcycles and vehicles in Uganda was approved by his office. Joint Stock Company Global Security which was …
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Kampala, Uganda | THE INDEPENDENT | Joint Stock Company Global Security, a Russian company that was awarded a 10 year contract on Friday to install digital monitoring system in all motorcycles and vehicles in Uganda is facing bankruptcy litigation in Moscow, court documents in Russia reveal. The company is also facing …
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London, United Kingdom | AFP | British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK’s biggest repatriation since World War II. The 178-year-old debt-plagued group, which had struggled against fierce online competition for some time and blamed Brexit uncertainty for a …
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London, United Kingdom | AFP | British music retailer HMV, which was launched by English composer Edward Elgar in 1921, has collapsed into administration after weak Christmas sales and amid a declining market for CDs and DVDs, its owner said on Friday. His Master’s Voice (HMV), which is known worldwide …
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The Independent Uganda: You get the Truth we Pay the Price