Tag Archives: economy

Beijing, China | AFP | State support for private firms is crucial in China’s market, the head of the mainland’s online search giant Baidu said Thursday, following complaints from European businesses that Beijing-backed firms are pushing out foreign competitors. “I think state support of private companies is absolutely necessary. In the …

Cairo, Egypt | AFP | Dozens of Egyptians protested across the country on Tuesday because they were unable to get their share of subsidised bread, police said. The protests followed a supply ministry decision to limit the number of subsidised loaves bakeries can sell people who do not yet have …

China trims GDP target, citing severe challenges Beijing, China | AFP | Chinese Premier Li Keqiang warned Sunday the world’s second-largest economy faces severe challenges, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of “around 6.5 percent.” The economy is already growing at its slowest …

Washington, United States | AFP |  US President Donald Trump pledged Tuesday to bring one trillion dollars in public and private investment to rebuild what he called America’s crumbling infrastructure. Trump made the promise in a high-stakes speech to a joint session of Congress, moving to make good on one …

Rabat, Morocco | AFP |  Morocco’s key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors will boost their fortunes in the coming years. While political turmoil and jihadist attacks have battered the sector in Egypt and Tunisia, Morocco registered 10 million …

Frankfurt am Main, Germany | AFP |  China overtook the United States last year to become Germany’s biggest trading partner for the first time, official data showed, a shift likely to reassure Berlin as worries grow over US President Donald Trump’s protectionist leanings. The figures compiled by federal statistics office …

UTL still has potential to thrive again – Dr. Faisel Gergab The Chairman of Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) Dr. Faisel Gergab has reassured parliament that Uganda Telecom Limited (UTL) still has a future. He promised that the company will come up with a transformation plan to …

Rio de Janeiro, Brazil | AFP | The Rio carnival is a celebration of joyful excess but deep recession in Brazil means that samba schools are thinking about their budgets as much as their dance moves. “Here the key word is austerity,” says Luiz Carlos Magalhaes, president of the Portela …

Dubai, United Arab Emirates | AFP |  International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. “From the little we know, and I will insist on the little we …

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 …