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Tag Archives: Business

Uber loses employment rights case in Britain

London, United Kingdom | AFP | US ride-hailing company Uber on Friday lost its appeal against a landmark court ruling in Britain that would give drivers the right to paid holidays and the national minimum wage. The London employment tribunal upheld an October 2016 judgment in a case that is …

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VIDEO: Museveni & Magufuli commit to removal of trade barriers

VIDEO: Museveni & Magufuli commit to removal of trade barriers Kampala, Uganda | NTV UGANDA | President Yoweri Museveni and his Tanzania counterpart John Pombe Magufuli  committed themselves to eliminating all the trade barriers that hinder cross border trade among the two countries. The two leaders gave their assurances as they …

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Adidas leaps to higher profits on strong own-brand sales

Frankfurt am Main, Germany | AFP | German sports gear group Adidas on Thursday reported a jump in third-quarter profits, lifted by strong demand for its own-brand trainers and apparel in China and North America. The Bavarian company, which sponsors English Premier League giants Manchester United, said net profit soared to …

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China signs $37 billion deal to buy 300 Boeing planes

Beijing, China | AFP | China signed an agreement Thursday to buy 300 airplanes from US aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing. The agreement for China Aviation Suppliers Holding Co (CASC) to buy …

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VIDEO: Uganda falls seven steps down in business index

VIDEO: Uganda falls seven steps down in business index Kampala, Uganda | NTV UGANDA | Development partners are puzzled at Uganda’s dismal performance in the just-released Ease on Doing Business Report 2018. Authored by the World Bank annually, Uganda fell back 7 places from position 115 to 122, leaving businesses with …

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Stanbic Bank enters insurance business

Kampala, Uganda | ISAAC KHISA | Stanbic Bank has become the first lender to venture into insurance business after Insurance Regulatory Authority of Uganda granted it a bancassurace license on Oct. 25. The lender said it has already signed business deals with seven insurance companies including Sanlam Life, Sanlam General, UAP …

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Dubai hosts summit, positions self as Africa investment hub

Dubai, United Arab Emirates | AFP |  African officials, including four heads of state, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent. “We are looking at the fastest growing economy of …

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