Tag Archives: economy

Paris, France | XINHUA | Safeguarding and stabilizing the relations between China and the United States has an impact on peace, stability and development in the world, Sonia Bressler, a French writer and Sinologist, told Xinhua in an interview on Saturday. “The relations between China and the United States are …

Mexico City, Mexico | XINHUA | The COVID-19 pandemic has increased poverty, expanded the size of the informal economy, and threatened the weak health systems of some countries in Central America, experts have said. According to the Inter-American Development Bank, 274,000 formal jobs could be lost in Guatemala, 130,000 in …

Washington, US | XINHUA | There is a low risk that U.S.-China political tensions will derail China’s V-shaped economic recovery, as the Chinese economy is becoming more domestic consumption-driven, according to a U.S. investment expert. “Life in China has been gradually getting back to normal since March, and July was …

Washington, US | XINHUA | U.S. President Donald Trump on Friday pushed for more COVID-19 relief to households and small businesses after congressional lawmakers left Washington D.C. with no deal in sight. “I have directed the Secretary of the Treasury to get ready and send direct payments of $3400 for …

Washington, US | XINHUA | U.S. President Donald Trump’s recent coronavirus relief orders have little to offer for the macro U.S. economy in a crisis, experts said. One of the four executive orders will extend extra unemployment benefits through the end of the year at a level of 400 U.S. …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has named commercial banks charged borrowers lowest rates between January and June 2020, effectively making them the cheapest lenders for debtors to run to. Absa bank, Baroda, Bank of India, Citibank, Ecobank, NC Bank, Stanbic Bank, Standard Chartered Bank, United Bank of …

Washington, US | XINHUA | Bilateral cooperation is the only right choice for the United States and China, experts from various countries have said. The two major countries in the world, which share extensive common interests, stand to gain from cooperation and lose from confrontation, they said. In a recent …

Tehran, Iran | XINHUA | Iranian President Hassan Rouhani said on Tuesday that enemies have waged “a psychological warfare” against the country to downplay its achievements, Tasnim news agency reported. One of the enemy’s main strategies in harming Iran’s economy, beside sanctions, is to “portray a poor image of the administration’s …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament want some sectors of the economy still under lockdown to re-open. They argue that the sectors are prepared to meet the standard operating procedures and adhere to the COVID-19 guidelines. Ever since the economy was locked in March 2020, some sectors …

Kampala, Uganda | THE INDEPENDENT | Confidence in the country’s business activities surged in July with business owners experiencing more demand for their goods after the country lifted much of the coronavirus restrictions, a survey has said. The Purchasing Managers’ Index (PMI) published monthly by Stanbic bank recorded a 50.3 …