Economic
Japan is committing nearly $1 trillion to try to protect its economy from the fallout from the coronavirus pandemic.
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Oil prices skidded on Monday after negotiations between Saudi Arabia and Russia to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.
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Saudi Arabia said on Friday that it was not in talks with Russia to stablise crude prices despite overtures from Moscow and rising pressure from Washington to call a truce in an oil price war.
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Tororo and Mbale Central Markets have continued to operate normally despite the directives by President Yoweri Kaguta Museveni on controlling public gatherings to control the spread of the Coronavirus (COVID -19) pandemic.
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Seventy percent of people in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States expect their household to lose income due to the coronavirus outbreak, according to a survey on Wednesday.
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Market vendors in Kampala are embracing online services to deliver foodstuffs to their customers because of the travel restrictions because of COVID19.
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United States senators and Trump administration officials have reached an agreement on a significant economic stimulus bill to alleviate the economic effect of the coronavirus pandemic, White House official Eric Ueland has said.
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British Airways is expected to announce it will suspend around 36,000 staff after reaching a broad agreement with the Unite union.
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Sportswear firm Nike has seen online sales rise by more than 30% in China as it rides out its coronavirus store shutdowns.
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Following the president’s directives to fight the Corona virus pandemic, fishing activities in Kahendero landing site in Kasese district have today been paralyzed, leaving people stranded.
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