Business and economic news
The UK government is locked in a tense standoff with the Chinese owners of British Steel, who are demanding millions of pounds in taxpayer money to finalize the transfer of the loss-making company. The government, which took control of British Steel in April, is seeking to negotiate a resolution to the valuation dispute that is threatening to derail the search for a new buyer.
The U.S. and Mexico have extended their tariff agreement by 90 days, as businesses continue to grapple with the financial and operational impacts of trade policies.
President Donald Trump claims Coca-Cola will replace corn syrup with cane sugar in its US beverages, citing health concerns and improved quality.
President Donald Trump claims Coca-Cola will replace corn syrup with cane sugar in its U.S. beverages, citing health concerns and improved quality.
The European Union has delayed its retaliatory tariffs on US exports, extending the suspension until August, as both sides aim to negotiate a resolution to escalating trade disputes.
Renowned billionaire Bosco Muwonge has purchased Mukwano Arcade in a landmark UGX 250 billion cash transaction, marking one of the largest property deals in Uganda.
US President Donald Trump has threatened to impose a 35% tariff on Canadian goods starting August 1, escalating trade tensions just days before a key negotiation deadline.
President Donald Trump has revealed plans for a 25% tariff on goods imported from South Korea and Japan, potentially impacting US-Asian trade relations.
Oil prices fell nearly 5% following Israel's agreement to a ceasefire with Iran, easing fears of global supply disruptions caused by the conflict.
Yasser K. Ahmed, co-founder of Harriss International, has purchased the prominent Lugogo Mall in Uganda, which is home to major retailers like China Town and Carrefour.
Uganda has attracted over $160 million in investments for its E-Mobility ecosystem from 2018 to 2024, significantly enhancing the country's capacity for electric vehicle production and infrastructure development.
Keen, a family-owned shoe manufacturer, is set to open a new factory in Kentucky, highlighting the complexities of reshoring production in the U.S. amid rising labor costs and a reliance on automation.
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