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Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden

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Most attacking keeper in league' - why Raya is key for Arsenal

Most attacking keeper in league' - why Raya is key for Arsenal

Mikel Arteta, Manager of Arsenal, and David Raya of Arsenal embrace at full-time after victory in the penalty shoot out following the UEFA Champions League 2023/24 round of 16 second leg match between Arsenal FC and FC Porto at Emirates Stadium on March 12, 2024Image source, Getty Images

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Uganda signs $2bn deal to boost oil infrastructure

Uganda signs $2bn deal to boost oil infrastructure

Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co

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Archbishop Wokorach Calls for Fear-Free Elections Guided by Spirit of Christmas

Archbishop Wokorach Calls for Fear-Free Elections Guided by Spirit of Christmas

Uganda is scheduled to hold presidential and parliamentary elections on January 15, 2026, with the contest widely seen as tight. Incumbent President Yoweri Museveni, who will mark 40 years in power next year, faces strong competition from Kyagulanyi, a two-time presidential contender and musician

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Bitcoin’s silent exodus hits crypto as long-time buyers cash out

Bitcoin’s silent exodus hits crypto as long-time buyers cash out

More than two months after the token hit a record high above $12 000, Bitcoin has fallen nearly 30% and is struggling to find support.Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.More than two months after the token hit a recor

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Uganda says to trim debt issuance by 21% in 2026/27 FY

Uganda says to trim debt issuance by 21% in 2026/27 FY

The Bank of Uganda, Uganda’s central bank, in Kampala, Uganda, on Wednesday, May 17, 2023. Uganda estimates that it will need $28.1 billion to adapt to the effects of climate change and cut emissions until the end of the decade. Photographer: Katumba Badru Sultan/Bloomberg via Getty Images

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Museveni to Meet Downtown Traders Over Nakivubo Flood Compensation as Buganda Campains Heat Up.

Museveni to Meet Downtown Traders Over Nakivubo Flood Compensation as Buganda Campains Heat Up.

President Yoweri Museveni is expected to meet a section of downtown Kampala traders later this week at his Kisozi country home, following renewed appeals over compensation for losses caused by the Nakivubo drainage channel floods.According to sources, the President directed his aides to or

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90 Suspected Criminals Arrested in City Festival Operations

90 Suspected Criminals Arrested in City Festival Operations

Meanwhile, Police Spokesperson Kituma Rusoke urged Ugandans to remain vigilant during the festive season, whether at home or while shopping, and to stay in contact with their local police. A suspect being arrested (courtesy photo)More than 90 suspected criminals have been arrested d

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Kadaga not sick, but resting from fatigue, says campaign team

Kadaga not sick, but resting from fatigue, says campaign team

Former Speaker Rebecca Kadaga's official campaigner Felix Isabirye addresses journalists at her campaign offices in Kamuli Municipality.Kamuli, Uganda: The campaign team of Deputy Prime Minister and Minister for East African Community Affairs, Rt. Hon. Rebecca Alitwala Kadaga has dismissed

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South African rand flat ahead of leading economic indicator, local inflation data

South African rand flat ahead of leading economic indicator, local inflation data

JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed

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