Tag Archives: economy

Nairobi, Kenya | XINHUA | The Inter-African Coffee Organization (IACO) said on Wednesday it has jointly launched a 14.3 million U.S. dollar intervention program to alleviate the impact of COVID-19 on the continent’s coffee sector. IACO said it has teamed up with the International Coffee Organization (ICO) and the Center …

Tokyo, Japan | XINHUA | Japanese Prime Minister Shinzo Abe on Friday announced his resignation over health issues, catching the country by surprise and sending two major stock indexes tumbling in Tokyo. Japan’s economy is already in deep recession amid the COVID-19 pandemic, and the sudden resignation of the prime …

Phnom Penh, Cambodia | XINHUA | Protectionism and unilateralism from the U.S. are sowing a “selfish” idea among other countries and go against the current of multilateralism and globalization, Kin Phea, director general of the International Relations Institute of Cambodia, has told Xinhua. Speaking at a roundtable discussion under the …

United Nations | XINHUA | A United Nations report launched Wednesday said that digital finance has become a lifeline during the crisis caused by the COVID-19 pandemic. “The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in providing …

Washington, US | XINHUA | Speakers at the 2020 Republican National Convention (RNC) on Tuesday night touted U.S. President Donald Trump’s pre-pandemic economic accomplishments, warning that key policies such as tax cuts could be reversed if a Democratic president is elected in November. Tax cuts, deregulation, “fair” trade deals and …

United Nations | XINHUA | UN Secretary-General Antonio Guterres on Tuesday called for the recovery of tourism from COVID-19 in a sustainable way. “It is imperative that we rebuild the tourism sector. But it must be in a way that is safe, equitable and climate friendly,” said Guterres in a …

New York, US | XINHUA | U.S. stocks eked out modest gains in the past week as Wall Street digested the Federal Reserve’s meeting minutes and a slew of economic data. For the week ending Friday, the Dow was roughly unchanged, the S&P 500 rose 0.7 percent, and the Nasdaq …

Washington, US | XINHUA | More than 30 major U.S. business groups said on Tuesday that they’re unlikely to implement President Donald Trump’s recent executive order (EO) on payroll tax deferral as it would prove “unworkable” and impose a large tax bill on American families next year. “Under current law, …

Nairobi, Kenya | XINHUA | African countries should leverage on robust bilateral ties with China to boost action on COVID-19 pandemic and hasten growth of the continent’s manufacturing sector, experts said on Tuesday. Speaking at a virtual forum in Nairobi, the experts from Africa and China noted that Africa’s COVID-19 battle …

Kampala, Uganda | THE INDEPENDENT | As the country struggles to overcome of the effects of the recent lock-down to prevent the spread of the COVID-19 pandemic, Uganda’s export earnings increased for a second consecutive month to US$ 337.19 million in June 2020 from US$290.93 million in May 2020. The …