Tag Archives: usa

Kampala, Uganda | Christopher Adam | A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the U.S. currency to pay for foreign debts, essential goods and industrial …

Dublin, Ireland | Xinhua | Visiting U.S. President Joe Biden said he will run for the presidency again, the Irish national radio and television broadcaster RTE reported on Saturday. Before departing from Ireland at midnight Friday, Biden told reporters that he has made up his mind to run for a second term and …

Beijing, China | Xinhua | Many recent media reports focus on one fact: The international community, especially developing countries, are more and more vocal in their criticism of the hegemonic and selfish behavior of the United States. A peaceful and stable international environment, the biggest aspiration for developing countries, is a …

NewYork, USA | Xinhua | The about-face from justifying tech expansion on the basis of free speech for decades to threatening to ban the social media TikTok reveals U.S. policymakers’ true objective: preserving the dominance of American tech capitalists, reported U.S. news portal Jacobin on Tuesday. “The growth of the video-sharing app …

Kampala, Uganda | JULIUS BUSINGE | The 5th cohort of the African Women’s Entrepreneurship (AWE) Program has successfully graduated 85 women entrepreneurs from Kampala, Lira, and Arua covering sectors of building, agriculture, education, health, and technology businesses and tourism courtesy of the US Embassy and SHONA. The U.S. Embassy Department of …

Moscow, Russia | Xinhua | U.S. Secretary of State Antony Blinken on Sunday called Russian Foreign Minister Sergei Lavrov over Wall Street Journal reporter Evan Gershkovich, who has been detained in Russia on espionage charges. During the phone conversation, Lavrov underscored the need to respect the decision of Russian authorities made under …

The collapse of SVB and Signature Bank shows that the crisis in the U.S. banking sector is not over yet COMMENT | Vidhura S. Tennekoon | Silicon Valley Bank and Signature Bank failed with enormous speed, so quickly that they could be textbook cases of classic bank runs, in which too many …

New York, USA | Xinhua | The U.S. dollar fell broadly against its major rivals in late trading on Friday. The dollar index, which measures the greenback against six major peers, dropped 0.67 percent to 103.7153. In late New York trading, the euro rose to 1.0682 U.S. dollars from 1.0611 dollars in …

New York, US | THE INDEPENDENT |  The collapse of Silicon Valley Bank (SVB) has not only revealed billions of dollars in loss but also rattled the technology industry, which had been leading innovation in the past years but yet was disturbed by layoffs and bankruptcies for months. Small businesses …

Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …