Business

Trump starts process of putting new tariffs on semiconductors, pharmaceuticals

Leave a Comment / Business, International News, News, Politics, World / Ronald Kabuubi

Trump starts process of putting new tariffs on semiconductors, pharmaceuticals WASHINGTON. The Trump administration acted Monday to impose new tariffs on semiconductors and pharmaceutical products, beginning a process that could add to levies that President Donald Trump is imposing on goods flowing into the US from nations worldwide. “President Trump has long been clear about the […]

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Kenya extends suspension of Uganda’s Umeme Ltd on Nairobi bourse

Leave a Comment / Africa, Business / Ronald Kabuubi

Kenya extends suspension of Uganda’s Umeme Ltd on Nairobi bourse. The Nairobi Securities Exchange Plc (NSE) has announced an extension of the suspension in the trading of Umeme Limited shares. Pictures of Kenya’s President William Ruto and Uganda’s Yoweri Museveni speaking at a past event. Photo: William Ruto/@KagutaMuseveni. Source: Twitter This move will see the

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Umeme Declares Formal Dispute with Government Over Buyout Amount

Leave a Comment / Africa, Business, News / Ronald Kabuubi

Umeme Declares Formal Dispute with Government Over Buyout Amount KAMPALA, Monday, April 14, 2025 — Umeme Limited has formally declared a dispute with the Government of Uganda over the buyout amount payable following the end of the company’s 20-year electricity distribution concession, setting the stage for possible international arbitration in London. In a public notice

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Trump denies tariff exemptions on electronics

Leave a Comment / Business, News, World / Ronald Kabuubi

Trump denies tariff exemptions on electronics Just days after the U.S. government announced that there would be tariff exemptions for imported electronics products, U.S. President Donald Trump said those products are not exempt from tariffs. In a Truth Social post on Sunday, Trump said there are “no exceptions” and that tariffs will apply to electronics

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World Expo 2025 opens in Japan amid turbulent times

Leave a Comment / Asia, Business, International News, News, Technology, World / Ronald Kabuubi

World Expo 2025 opens in Japan amid turbulent times World Expo opened on Sunday with 160 countries and regions showcasing their technology, culture and food, with host Japan hoping to provide the world with some much-needed hope. Highlights at the show in Osaka until mid-October include a Mars meteorite, a beating artificial heart grown from stem cells and Hello Kitty figures in

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Apple gets major relief as Trump exempts smartphones and computers from new tariffs

Leave a Comment / Business, International News, News, Politics, World / Ronald Kabuubi

Apple gets major relief as Trump exempts smartphones and computers from new tariffs US President Donald Trump’s administration has exempted smartphones, computers, and certain other electronic devices from ‘reciprocal’ tariffs, providing a big relief to America’s largest company, Apple, even if the move seems temporary. US Customs and Border Patrol published a notice on late

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Investors dump US government bonds as faith in America falters

Leave a Comment / Business, International News, News, World / Ronald Kabuubi

Investors dump US government bonds as faith in America falters The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping US government bonds. Treasury bonds are essentially IOUs from the US government, and they’re how Washington pays its bills

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Accenture Returns as Diamond Sponsor at Qlik Connect® 2025 to Showcase Real-World AI Success Stories

Leave a Comment / Africa, Business, East Africa, International News, News, Technology / Ronald Kabuubi

Accenture to showcase leadership in AI-driven decision-making at Qlik Connect 2025, focused on scale, speed, and sustained business impact Philadelphia, April 11, 2025 – Qlik®, a global leader in data integration, data quality, analytics, and artificial intelligence (AI), is excited to announce that Accenture will return as a Diamond Sponsor for Qlik Connect 2025. Reinforcing their

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JUST IN: China raises tariff imposed on United States to 125%

Leave a Comment / Asia, Business, International News, News / Ronald Kabuubi

China raises tariff imposed on United States to 125% China on Friday retaliated against U.S. President Donald Trump’s reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, the Chinese finance ministry said. “Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a

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INSURANCE PENETRATION IN UGANDA REMAINS LOW, SECTOR PLAYERS CALL FOR REFORMS

Leave a Comment / Africa, Business, East Africa, International News, News / Ronald Kabuubi

By Naome Namusoke/KMA Updates Despite Uganda’s growing economy, insurance uptake remains alarmingly low, with current figures indicating an uptake rate of just 2% and a penetration rate of less than 1%. This stark reality has raised concerns among stakeholders who warn that the country’s economic resilience is at risk if the trend is not reversed.

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