Washington, United States | AFP | The United States regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns began to ease, raising hopes the economy could recover from the crisis sooner than expected. The Labor Department report released Friday, which showed the jobless rate fall …
Read More »
London, United Kingdom | AFP | Massive financial stimulus in the wake of the coronavirus pandemic offers a “once in a lifetime” chance to insulate the global economy from the climate crisis, central bankers declared Friday. “This (COVID-19) crisis offers us a once-in-a-lifetime opportunity to rebuild our economy in order to withstand the next shock …
Read More »
Washington, United States | AFP | President Donald Trump asserted Friday that the United States has made it through the worst of the coronavirus pandemic, after new jobs numbers showed a surprising increase in employment. “We had the greatest economy in the history of the world. And that strength let us get through this horrible …
Read More »
Washington, United States | AFP | In further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data Thursday showed US a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains …
Read More »
London, United Kingdom | AFP | Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further easing of lockdowns while looking past China-US tensions and civil unrest across America. The upbeat mood — and hopes for an extension to a massive …
Read More »
London, United Kingdom | AFP | Global stock markets were mixed Monday, with US investors keeping a wary eye on violent anti-racism protests across the country and simmering tensions with China over Hong Kong. In Asia and then Europe, the focus was on the progressive easing of coronavirus lockdowns, offering hope …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Secretary to the Treasury, Keith Muhakanizi has said Uganda will be lucky to grow at all in the calendar year 2020, underlining the extent of battering the coronavirus (COVID-19) has had on the country’s economy. Muhakanizi was today speaking at an event to …
Read More »
Kampala, Uganda | THE INDEPENDENT | Pan-African lender, United Bank for Africa joined countries on the African continent to celebrate the African Day. Formally the African Freedom Day and African Liberation Day, Africa Day, is commemorated on May.25 annually as a foundation for the formation of the Organisation of African Unity …
Read More »
London, United Kingdom | AFP | Further easing of countries’ coronavirus lockdowns pushed equities higher Tuesday, with optimism stoked by the reopening of bars, cafes, pools and beaches outweighing China-US tensions that hurt the dollar. While countries including Brazil, Chile and Russia are enduring rising death and infection tolls from COVID-19, …
Read More »
Beijing, China | AFP | China warned Friday that its huge economy will suffer an immense hit from the coronavirus, as the ongoing pandemic and national lockdowns cause massive global job losses and Russia faces a steep increase in deaths. As Beijing’s communist rulers failed to set an annual growth target …
Read More »
The Independent Uganda: You get the Truth we Pay the Price