Tag Archives: economy

  Rome, Italy | AFP | Chinese President Xi Jinping sought Friday to allay Western unease over his new Silk Road initiative by emphasising the vast infrastructure project’s two-way nature as he kicked off a whistlestop European tour in Rome. Italy has rolled out the red carpet for Xi, who …

New Delhi, India | AFP | Vishal Chowdhary is young, bright and armed with an MBA. But he has spent two years struggling to find work in India’s sluggish jobs market — a major headache for Prime Minister Narendra Modi ahead of looming elections. The government’s failure to create enough …

London, United Kingdom | AFP | Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich …

Cape Town, South Africa | AFP | French energy giant Total unveiled Thursday a “significant” gas discovery off the coast of South Africa, an event that President Cyril Ramaphosa called a game-changer. The find could boost the nation’s struggling economy and reduce reliance on imports. “Total has made a significant …

  The breakdown of welfare state income distribution systems has created 8 giants to be battled COMMENT |  Guy Standing | Project Syndicate|  In 1942, William Beveridge issued an epoch-defining report that established a model for welfare states in the post-war era. He recognised that the old social protection system had …

London, United Kingdom | AFP | The pound dropped Monday following weak UK construction data and as Prime Minister Theresa May seeks to try and finally unlock the Brexit stalemate. London’s benchmark FTSE 100 index, featuring large multinationals earning in dollars and euros, climbed to a two-month high above 7,000 points thanks to the weaker …

Washington, United States | AFP | The United States hopes to make “significant progress” during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce declared in December before US tariffs on hundreds of billions in Chinese exports are …

After good economic performance in 2018, can the Uganda economy maintain the momentum? COMMENT | MUSA MAYANJA LWANGA | Despite the political violence that threatened Uganda’s international image, the year 2018 was a great year for the country in terms of economic performance. Estimates show that the economy grew at …

`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …

Beijing, China | AFP | Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. …