Business

In The Independent this week: Chinese quit Museveni’s refinery deal COVER STORY: Chinese quit Museveni’s refinery deal: US$4bn project fails to get investor again THE LAST WORD Hubris of The Economist: How this British newspaper ignores Rwanda’s context in its neocolonial desire to define that country NEWS ANALYSIS Amending constitution …

New York, United States | AFP |  Amazon founder Jeff Bezos on Thursday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. Forbes magazine said its real-time tracking of personal …

Land probe hears that mall on disputed Jinja plot illegal, Baguma Isoke to appear Monday Kampala, Uganda | JULIUS BUSINGE |  Former State Minister for Lands and chairman of the Uganda Land Commission (ULC)  Baguma Isoke has asked for more time to prepare a response as the Justice Catherine Bamugemereire Commission of inquiry into land …

London, United Kingdom | AFP | Technological advances mean fossil fuel in cars could be phased out within decades but switching to electric carries its own environmental and economic concerns as more and more countries announce radical plans. Britain on Wednesday said it would “end the sale of all conventional petrol …

Montevideo, Uruguay | AFP | The number of people registering to buy newly legalized marijuana in Uruguay jumped by almost 50 percent in the first week of sales, according to official figures released Wednesday. The small South American country is the first in the world to legalize pot from production to …

New York, United States | AFP | Coca-Cola announced plans Wednesday to launch a revamped “Coke Zero” in the United States as it expands offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas. The soda, “Coke-Cola Zero Sugar,” which is already on the market in much of …

San Francisco, United States | AFP |  Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while …

IMF to launch new form of aid – with no money Washington, United States | AFP |  The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money. Instead of providing cheap loans to countries, the new IMF …

Volcanoes National Park, Rwanda | AFP | Nicaraguan singer Hernaldo Zuniga brought his entire family to trek through the lush forests and mist-shrouded volcanoes of northwestern Rwanda in search of mountain gorillas. He described their encounter with the critically endangered primates as “an almost spiritual” experience, and said it was the …

New York, United States | AFP | Airlines will need 637,000 new pilots over the next 20 years to keep pace with the growth of global air traffic, Boeing reported Tuesday in an annual report on the subject. Its latest estimate of the pilot requirements is up 3.6 percent from last …