Beijing, China | AFP | The world’s largest radio telescope began operating in southwestern China Sunday, a project which Beijing says will help humanity search for alien life. The Five-hundred-metre Aperture Spherical Radio Telescope (FAST), nestled between hills in the mountainous region of Guizhou, began working around noon, the official …
Read More »India buys 36 Rafale fighter jets to counter China
New Delhi, India | AFP | India signed a deal Friday to buy 36 Rafale fighter jets for 7.9 billion euros ($8.8 billion), France’s biggest ever such sale, as it seeks to bolster its military against an increasingly assertive China. Defence experts say the aircraft, manufactured by France’s Dassault, will …
Read More »Parliamentary committee stops sand mining along Masaka road
Parliament’s Natural Resources Committee has suspended sand mining on a two acre site along Masaka road in Lweera-Kalungu district. The expansive Lweera wetland on Kampala-Masaka Highway, which stretches about 20 kilometers, is a major water catchment area that connects several rivers and wetlands in Gomba, Mpigi and Kalungu districts and drains directly into …
Read More »Two top China steelmakers announce merger to combat glut
Shanghai, China | AFP | Two of China’s top steelmakers announced plans Tuesday to merge,creating the world’s second-largest manufacturer of the commodity as markets struggle with a glut caused by Chinese overcapacity. The world’s second largest economy is trying to overhaul its lumbering state sector and especially its steel industry, …
Read More »Warnings as China’s credit-to-GDP gap reaches 30.1 percent
Beijing, China | AFP | A key gauge of China’s debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported. China’s credit-to-GDP gap reached 30.1 percent in the first quarter of 2016, its highest level ever …
Read More »China exports down 2.8% in August on-year
Beijing, China | AFP | China’s imports rose 1.5 percent year-on-year in August, figures showed Thursday, the first increase in nearly two years, in a positive sign for the world’s second-largest economy. Exports dropped 2.8 percent on-year to $190.6 billion, a smaller fall than the median forecast in a survey …
Read More »VIDEO: Parliament to review Trade & Investment policy
VIDEO; The parliamentary committee on trade, tourism and industries is to review the trade and investment policies in an effort to regulate the kind of trade foreigners are involved in. The legislators were today overwhelmed by the increasing number of foreign traders’ especially Chinese nationals in retail trade in downtown …
Read More »US, China climate move signals hopeful era
Paris, France | AFP | Climate activists and small nations at risk of global warming’s direst consequences, welcomed Saturday’s ratification by China and the United States of a global pact to curb planet-harming carbon emissions. The move by the world’s two largest greenhouse gas emitters brought the hard-fought agreement, concluded …
Read More »Deal puts Microsoft apps on Lenovo smartphones
San Francisco, United States | AFP | Microsoft apps such as Office and Skype will be installed on Lenovo mobile devices powered by Android software under the terms of a collaboration announced. The US technology giant and the Chinese computer titan said they were “deepening their strategic relationship” with a …
Read More »Manufacturers, Chinese face off over local materials
Local content fight: Manufacturers, Chinese face off over local materials as government sets up committee to salvage local manufacturing sector On August 02, Matia Kasaija, the minister for finance, planning and economic development, chaired a high profile meeting at the ministry headquarters in Kampala. It comprised a delegation of officials from the …
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