President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US.
Trump said the latest tariffs would come into effect on 2 April, with charges on businesses importing vehicles starting the next day. Taxes on parts are set to start in May or later.
The Ham Enterprises founder, ranked among Uganda's top five wealthiest individuals, attended the March 21, 2025 swearingin ceremony of President Netumbo Nandi Ndaitwah Namibia's first female president. During the event, Dr. Kiggundu emphasized:
US stock markets experienced a sharp decline on Monday as investors expressed growing concerns over the potential negative economic impact of President Donald Trump's tariffs. The downturn followed the president's comments in a recent TV interview, where he described the US economy as being in a "period of transition," sparking fears of a potential recession.
Hackers believed to be operating on behalf of the North Korean regime have successfully laundered at least $300 million (£232 million) of their record-breaking $1.5 billion cryptocurrency heist, rendering the funds virtually unrecoverable. The cybercriminals, identified as the Lazarus Group, stole the massive haul of digital tokens in a sophisticated hack targeting the cryptocurrency exchange ByBit two weeks ago.
In a significant development, Hong Kong-based conglomerate CK Hutchison Holdings has agreed to sell the majority of its stake in two key ports located at the entrances of the Panama Canal to a consortium led by US investment firm BlackRock. The deal, valued at $22.8 billion (£17.8 billion), includes a total of 43 ports across 23 countries, with the Panama Canal terminals being a central part of the transaction.
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