Wednesday , November 13 2024

Business

Business news

Answering Uganda’s fuel reserve question

More storage facilities in offing as private players increase storage capacity to match the growing demand Kampala, Uganda | JULIUS BUSINGE | With the current expansion of Uganda’s industry and manufacturing, transport, and services sectors in addition to a rapidly growing population,which are key consumers of petroleum products, one key question …

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Facebook moves to make more video ad money

San Francisco, United States | AFP | Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new ‘Watch’ section devoted to just that …

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British city refuses licence for Uber

London, United Kingdom | AFP | The city of York in northern England has refused to grant US ride-hailing app Uber a licence to operate, creating more headaches for the company in Britain after a similar move by regulators in London. The city’s council explained its decision on Tuesday by citing …

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Chinese auto giant to end petrol vehicle sales by 2025

Beijing, China | AFP | One of China’s largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country’s roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase …

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Uganda pushes for conclusion of Doha round of negotiations

Kampala, Uganda | GODFREY SSALI | Uganda has objected to the introduction of new issues in the World Trade Organization negotiations before the completion of the negotiations on issues in the Doha Round of negotiations. Speaking during the meeting for the African Group in the ongoing 11th WTO Ministerial conference in …

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