Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …

VIDEO: Local Government ministry comes under fire after officials reportedly diverted sh5.3 billion to their personal accounts. According to reports, the said funds were meant to procure cars to the district chairpersons in the 2014/15 financial year. As they appeared before the Public Accounts Committee of parliament, officials from the ministry of …

VIDEO: Makerere law don, Prof. Joe Oloka Onyango, wants Speaker of parliament Rebecca Kadaga investigated over her decision to host the 9th Inter-parliamentary union of IGAD member states at her Century Hotel in Kamuli recently. Share on: WhatsApp

London, United Kingdom | AFP |  Belgian-Brazilian brewer AB InBev savoured its status as the global leader in the beer industry after investors approved Wednesday its buyout of British rival SABMiller. Shareholders in SABMiller — currently the producer of Foster’s, Grolsch and Peroni lagers — overwhelmingly approved $103-billion (92-billion-euro) takeover …

Washington, United States | AFP |  Samsung is in discussions about “potential safety issues” concerning some of its washing machines after a class-action lawsuit complained the appliances were exploding, the company said Wednesday. The news comes after the South Korean electronics giant recalled millions of its Galaxy Note 7 smartphones …

Libreville, Gabon | AFP |  Gabon’s President Ali Borno, newly sworn back into power, on Wednesday appointed a prime minister to form what he called an “inclusive government” following disputed elections. His wafer-thin victory in the August 27 vote sparked deadly unrest and opposition accusations of voter fraud in the …

City lawyer John Matovu has accused colleague Bob Kasango of conniving with Public Service Ministry officials to defraud government of sh15.4 billion. Matovu made the allegations before Justice Margaret Tibulya as the hearing of new fraud charges in the pension scam case resumed at the Anti-Corruption Court on Wednesday. New fraud charges were placed on Public Service …

Washington, United States | AFP |  The US Treasury placed two top allies of Democratic Republic of Congo President Joseph Kabila on its sanctions blacklist Wednesday, tying both to rising political violence and human rights violations. The Treasury said both were involved in violently putting down opposition to Kabila and …

New York, United States | AFP |  US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …

Washington, United States | AFP | The US Congress voted overwhelmingly Wednesday to override Barack Obama’s veto of a bill allowing 9/11 victims to sue Saudi Arabia, the first such rebuke of his eight-year presidency. The Senate overrode the veto in a 97-1 vote, followed a short time later by …