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EU says deeply concerned over U.S. growing use of sanctions

Kampala, Uganda | XINHUA | High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell said on Friday he was deeply concerned over the growing use of sanctions, or the threat of sanctions, by the United States against European companies and interests. “We have witnessed this …

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UN chief calls for renewed multilateralism beyond COVID-19

Kampala, Uganda | XINHUA | UN Secretary-General Antonio Guterres on Friday called for a strengthened and renewed multilateralism as the world is striving to respond and recover from COVID-19. “As we strive to respond and recover, we must re-examine many longstanding assumptions and reconsider the approaches that have led us …

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Coronavirus causing short- and long-term “uncertainty” in food chains: FAO report

Kampala, Uganda | XINHUA | The global coronavirus outbreak is causing “unprecedented uncertainty” in the world’s food supply chains, according to a report released Thursday by the Rome-based United Nations Food and Agriculture Organization (FAO). The “Agriculture Outlook 2020-2029” report, produced by FAO and the Paris-based Organization for Economic Cooperation …

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ECB keeps monetary policy unchanged ahead of EU summit

Kampala, Uganda | XINHUA | The European Central Bank (ECB) said on Thursday that it decided to keep monetary policy unchanged in its July meeting. The 19-nation eurozone base interest rate will remain at 0.00 percent, with the marginal lending rate and deposit rate remaining at 0.25 percent and minus 0.50 …

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