New York, U.S. | Xinhua | Oil prices dropped on Thursday as investors assessed geopolitical risks. The West Texas Intermediate for March delivery lost 1.9 U.S. dollars, or 2 percent, to settle at 91.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.84 dollars, …
Read More »U.S. “genocide” allegation is lie of century: spokesperson
Beijing, China | Xinhua | The U.S. “genocide” allegation is a lie of the century, which fully exposes its sinister intention of politicizing the Winter Olympics and maliciously smearing China with Xinjiang-related issues, a Foreign Ministry spokesperson said on Wednesday. Foreign Ministry spokesperson Zhao Lijian made the remarks at a daily …
Read More »U.S. national debt surpasses 30 Trillion USD as Fed prepares to raise rates
Washington, U.S. | Xinhua | The U.S. national debt has surpassed 30 trillion U.S. dollars for the first time, raising concerns about future fiscal sustainability, as the Federal Reserve prepares to raise interest rates to tame inflation. The total public debt outstanding exceeded 30 trillion dollars on Monday, which included 23.5 …
Read More »U.S. equities poised for elevated volatility in 2022 amid multiple challenges
New York, U.S. | Xinhua | Wall Street had a rosy year in 2021 with all the three major indexes scoring double-digit returns, but many analysts have warned of a bumpy path for equities in the year ahead amid multiple challenges. The S&P 500 jumped 26.9 percent in 2021, marking the …
Read More »Afghans in Uganda
Why Museveni accepted them, and the risks Kampala, Uganda | RONALD MUSOKE | On Aug. 17, Ugandans woke up to the news that the government had agreed to temporarily host about 2,000 Afghan refugees following a request from the U.S government. Until then, many Ugandans had known about the …
Read More »The defeat of liberal imperialism
Why poorly armed Taliban triumphed over the US military after two decades of war THE LAST WORD | ANDREW M. MWENDA | The rapid collapse of the Afghanistan government before a rag tag army of (apparently) “poorly trained, poorly armed, poorly resourced and poorly commanded Taliban” (or so the lords …
Read More »The library in the internet age
You’d be surprised that it hasn’t outlived its usefulness | DONALD A. BARCLAY | U.S. institutions of higher education and U.S. local governments are under extraordinary pressure to cut costs and eliminate from institutional or governmental ledgers any expenses whose absence would cause little or no pain. In this political …
Read More »Trump’s return to spotlight highlights possible 2024 White House run
Washington, U.S. | Xinhua | Former U.S. President Donald Trump has returned to the spotlight, underscoring the possibility that the bombastic billionaire will make a run at the White House in the next U.S. elections. On Monday’s Varney & Co. on Fox Business News, Trump spoke on a wide range of …
Read More »Israeli-Palestinian confrontations
What sparked the latest attacks? | THE INDEPENDENT | For weeks, tensions had been building between Israelis and Palestinians in Jerusalem, with a confluence of recent events and longer-term trends leading to the latest violence. Israeli restrictions around holy sites during Ramadan; increasingly intense protests and violence on both the …
Read More »Paved with good intentions
How Western interventions in African affairs, even when well intentioned, produce bad results THE LAST WORD | ANDREW M. MWENDA | On April 16 the U.S. government imposed travel restrictions on an unspecified number of unnamed Uganda government officials including members of their immediate families. The justification was their …
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