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
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
Grace Sekamatte has joined forces with legendary Ugandan stars Jose Chameleone and Weasel on a new collaboration titled “Kampala.”The song celebrates Uganda’s bustling capital city and its significance in the lives of millions who live, work, and dream there.Kampala paints a v
Bukavu, Democratic Republic of Congo — Rebel forces of the March 23 Movement (M23) and allied militias have regained control of the Luhago groupement in South Kivu province, following renewed fighting with community-based Wazalendo fighters on Saturday, local sources said.The clashes, wh
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
City Power says it won’t turn the lights back on for some Alexandra residents on 9th and 10th avenues until 80% of customers start paying for electricity.After an outage caused by burnt jumpers and breakers at City Power’s mini substation left some residents on 9th and 10th avenues alo
The Affordable Housing Project promised dignity and stability for Kenya’s urban poor, yet gaps in delivery are fast exposing cracks in what was once hailed as a groundbreaking social revolution.In Nairobi’s New Mukuru Housing Estate, residents who once lived in congested shacks now enj
Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts.Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for its third straight monthly gain.Spot
Vladimir Putin has been warned "Moscow will be wiped off the map" if he were to attack NATO with nuclear weapons. Belgian defence minister Theo Francken said he isn’t concerned about Russian nuclear sabre-rattling as he championed the strength and unity of the military alliance.He said h
The Belgian defense chief is an example of “military psychosis,” Moscow’s senior diplomat saidRussia has accused Belgian Defense Minister Theo Francken of irresponsible rhetoric after he suggested that NATO could “wipe Moscow off the map.”In an interview with De Morgen new
