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Qatar announces 5 bn euro order for warships from Italy

Doha, Qatar | AFP | Qatar announced on Wednesday a five-billion-euro order for seven warships from Italy in the midst of a nearly two-month diplomatic crisis with neighbouring Saudi Arabia and its allies. “We have signed a contract on behalf of the Qatari navy to acquire seven warships from Italy for …

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Apple beats profit estimates, boosting shares

San Francisco, United States | AFP | Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12 percent to $8.7 billion, and revenue rose percent to $45.4 billion, with the California-based company selling 41 million iPhones …

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Rolls-Royce powers into profit; shares soar

London, United Kingdom | AFP | Rolls-Royce powered back into profit during the first half, propelled by strong deliveries for its Trent aircraft engines, lifting its share price almost ten percent Tuesday. Net profit stood at £1.58 billion ($2.1 billion, 1.77 billion euros) in the six months to June 30 compared …

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LAND PROBE: Jinja land file goes missing

Land probe: Key government file goes missing at Uganda Land Commission Kampala, Uganda | JULIUS BUSINGE |   The Chairman of the Uganda Land Commission Baguma Isoke has this afternoon told the ongoing Commission of Inquiry into land matters that a file containing lease documents for government property in Jinja has gone missing. …

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Leading S.African retailer Pick n Pay sheds 3,500 jobs

Johannesburg, South Africa | AFP | One of South Africa’s largest retailers Pick n Pay on Monday said it had cut around 3,500 jobs — 10 percent of its workforce — in a bid to curb costs in an economy battling a recession. “The voluntary severance programme is one of several …

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Serbian State Secretary Nemanja Steavnovic in Uganda

Kampala, Uganda| THE INDEPENDENT | The Minister of Foreign Affairs Sam Kuteesa on Tuesday August 1, 2017 met the visiting Serbian State Secretary Nemanja Steavnovic at the Ministry of Foreign Affairs headquarters in Kampala. The purpose of his visit is to deliver a message to President Yoweri Museveni from the new …

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