Category: Business

Faisol Nyanzi second to be arrested as crackdown intensifies in Shs700m Bunga property scam

Faisol Nyanzi second to be arrested as crackdown intensifies in Shs700m Bunga property scam

Faisol Nyanzi has been remanded to prison until November 4, 2025, as investigations continue.Kampala, Uganda: The State House Anti-Corruption Unit (SH-ACU), in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), has

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I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

I Asked ChatGPT What the Worst Things You Can Do With Your Money Are — Here’s What It Said

ChatGPT, the popular artificial intelligence (AI) bot, sometimes takes criticism for providing erroneous calculations or generic information. But when it comes to outlining the worst things you can do with your money, the AI is spot-on.I asked ChatGPT this very question to see what advice

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Road Accident Fund accused of hiding billions amid crushing debt.

Road Accident Fund accused of hiding billions amid crushing debt.

Legal advisor Gert Nel from the Association for the Protection of Road Accident Victims claims the Fund manipulates its books to conceal massive debt and avoid paying accident victims.Parliament’s Standing Committee of Public Accounts (SCOPA) is trying to uncover the rot at the Road Acci

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Russia, China raise share of payments in national currencies to 99.1% — minister

Russia, China raise share of payments in national currencies to 99.1% — minister

Russian Deputy Prime Minister Alexander Novak said earlier that Moscow and Beijing had raised the share of payments in national currencies to 99%Russia and China carry out 99.1% of trade transactions in their national currencies, Russian Finance Minister Anton Siluanov told the Rossiya-1 T

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Mansions: Black Coffee’s Rise from Rural Mthatha to Billion-Rand Empire.

Mansions: Black Coffee’s Rise from Rural Mthatha to Billion-Rand Empire.

From Milking Cows to Millionaire Mansions: Inside Black Coffee’s R157 Million Clifton Dream Home and Billion-Rand EmpireNkosinathi Maphumulo, the globally acclaimed DJ Black Coffee, has come a long way from his humble beginnings in a rural Eastern Cape village. Milking cows with his gran

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Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026.

ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too much supply in the market.The OPEC+ decisi

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Spot gold was trading at $4,004.73 an ounce as of 12:55 p.m. in Singapore.

Spot gold was trading at $4,004.73 an ounce as of 12:55 p.m. in Singapore.

Gold held around $4 000 an ounce after a weak start on Monday, after China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world’s largest precious-metals markets.Bullion for immediate delivery rose 0.1%, after falling as much as 1

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Gold steady amid firmer dollar.

Gold steady amid firmer dollar.

Bengaluru — Gold held steady on Monday, kept in check by a strong dollar as investors dialled back bets for further Federal Reserve rate cuts in the near term, while easing US-China trade tensions also crimped bullion demand.Spot gold was flat at $4,000.65/oz by 5.04am GMT. US gold futur

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Air traffic controller ‘was asleep’ when holiday flight arrived at blacked-out airport.

Air traffic controller ‘was asleep’ when holiday flight arrived at blacked-out airport.

It's not uncommon for aircraft to need to circle airports occasionally, typically due to another flight running behind schedule, or a temporary blockage on the runway. But yesterday evening, travellers aboard Air Corsica flight XK777 endured an additional thirty minutes airborne above Corsica's N

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Emirates, Qatar competition heats up in Uganda.

Emirates, Qatar competition heats up in Uganda.

How the rivalry between the two Gulf carriers has contributed to the growth of the local aviation industryEmirates and Qatar Airways, the two Gulf carriers dominating the global aviation industry are flexing muscles over the fast growing Ugandan market. Every week thousands of Ugandans dep

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