Tag Archives: economy

Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …

Doha, Qatar | AFP | World Cup 2022 host Qatar is to introduce a 100 percent tax on alcohol from January 1, a government official confirmed on Monday. The “sin” tax is being introduced just weeks after the conservative Muslim Gulf state announced in its annual budget statement that it …

Johannesburg, South Africa | AFP | A former finance minister of Mozambique, who approved secret loans that plunged the country into a crisis, has been arrested in South Africa awaiting extradition to the United States, police said Monday. Manuel Chang, 63, was “arrested on Saturday for… USA extradition”, national police …

Tarhuna, Libya | AFP | Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country’s devastating conflicts. But the industry of extracting olive oil, often dubbed “green gold”, is now under threat after Libyan authorities halted exports in a …

Washington, United States | AFP | US President Donald Trump on Tuesday renewed his attack on the US Federal Reserve’s monetary policy, blaming the central bank’s interest rate hikes for a tanking market. With stocks on track for their worst December since the Great Depression, Trump has regularly berated the …

Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …

Paris, France | AFP | French President Emmanuel Macron called for “order” on Sunday after a sixth weekend of “yellow vest” anti-government protests marked by dwindling participation and a violent attack on police in Paris. Speaking during a visit to the central African state of Chad where he was visiting …

Chinamhora, Zimbabwe | AFP | At Solomon Chakauya’s grocery store in Zimbabwe’s Chinamhora district outside Harare, there’s no sign of the seasonal Christmas rush that he needs to keep his business afloat. Even in the country’s toughest times, sales rocketed in the days before Christmas, but this year few people …

Khartoum, Sudan | AFP | Fresh protests over the rising cost of bread broke out in Sudan on Friday, witnesses said, as troops deployed after two days of deadly clashes that left eight protesters dead. A government decision to raise the price of a loaf of bread this week from …

Khartoum, Sudan | AFP |  Sudan deployed troops in the capital Khartoum and other cities on Friday, witnesses said, after eight demonstrators were killed in clashes with riot police during protests over increased bread prices. A government decision to raise the price of a loaf of bread this week from …