Washington, United States | AFP | President Donald Trump asserted Friday that the United States has made it through the worst of the coronavirus pandemic, after new jobs numbers showed a surprising increase in employment. “We had the greatest economy in the history of the world. And that strength let us get through this horrible …
Read More »Stock markets surge on swift recovery hopes
London, United Kingdom | AFP | Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further easing of lockdowns while looking past China-US tensions and civil unrest across America. The upbeat mood — and hopes for an extension to a massive …
Read More »Trust, caution vital as travel restrictions start to ease– WTO
Kampala, Uganda | THE INDEPENDENT | Countries are cautiously starting to ease travel restrictions put in place to stop the spread of COVID-19 according to research published by the World Tourism Organization. The details are published in the fourth edition of the agency’s report series titled COVID-19 Travel Restrictions; …
Read More »Stocks mixed on US riots, virus lockdown easing
London, United Kingdom | AFP | Global stock markets were mixed Monday, with US investors keeping a wary eye on violent anti-racism protests across the country and simmering tensions with China over Hong Kong. In Asia and then Europe, the focus was on the progressive easing of coronavirus lockdowns, offering hope …
Read More »Hefty fines await returning citizens upon violation of COVID-19 conditions
Kampala, Uganda | THE INDEPENDENT | Ugandans who may be allowed to return into the country from overseas might face harsh penalties if they in any way violate the conditions of their return. Up to 2,400 Ugandans are stranded abroad as a result of lockdowns occasioned by an outbreak of …
Read More »Latin America virus cases top 1m as UK, Russia ease lockdowns
Brasília, Brazil | AFP | Confirmed coronavirus cases in Latin America have surged past one million, while hard-hit Britain and Russia eased lockdowns Monday, despite not having their outbreaks fully under control. Governments around the world are moving to ease restrictions that have wrecked their economies, even as the number of …
Read More »Do not cut health spending during downturn, WHO warns
Copenhagen, Denmark | AFP | European governments should not cut healthcare spending during the current economic crisis sparked by the coronavirus pandemic and associated lockdowns, the World Health Organization warned on Thursday. “We are concerned that countries will respond to this crisis in the same way they did to the recession 10 years ago… by …
Read More »U.S Mission offers direct cash transfers to most vulnerable Ugandans
Kampala, Uganda | THE INDEPENDENT | The United States Mission in Uganda has provided additional funding of USD 10 million (37.8 billion Shillings) towards the country’s response to the COVID-19 pandemic. Chris Krafft, the Head of the U.S. Mission in Uganda said that the U.S Agency for International Development awarded the …
Read More »Stock markets firmer on lockdown easing hopes
Paris, France | AFP | Global stock markets were firmer Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp increases in case rates in some countries such as Brazil. On the downside, an upsurge in Sino-US tensions, especially over Chinese plans to introduce a national security …
Read More »Equities mostly up as countries slowly reopen
Hong Kong, China | AFP | Stock markets rose Monday as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the virus. Traders also looked past a warning from the head of the Federal Reserve that a full recovery …
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