Rapid selloffs and high leverage expose traders to sudden losses as digital asset markets remain highly sensitive to volatility.$300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs.Bitcoin’s price pulled back from nea
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggering 21% last
President William Ruto welcomed ten African Presidents to Kenya for the fifth mid-year Coordination Meeting of the African Union, Regional Communities and Regional Mechanisms.The Head of State sent members of his Cabinet to receive the African Dignitaries at the Jomo Kenyatta Internationa
The deceased were identified as Ronald Muganzi, a secondhand shoe dealer, and Wilson Muhumuza, a tomato seller. The injured, whose identities are yet to be confirmed, are receiving treatment at Fort Portal Regional Referral Hospital.Mpanga market entranceTraders in Mpanga Market in
Uganda has joined Bangladesh, Somalia, Cameroon, Afghanistan, Sudan and other countries in the United Arab Emirates’ 2025 visa ban. The UAE has temporarily suspended the issuance of visit and work visas for citizens of nine countries due to security, immigration, and diplomatic concerns.
Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude futures rose $1.24, or
Before launching his parliamentary campaign at Kamwokya Market under the joint “Kampala Under the Umbrella” initiative, Rubongoya conducted a door-to-door outreach in Kisenyi, Kyamuka, and Kifumbira zones, where he interacted with residents and appealed for their votes.David Lewis Rubo
Gold rose for a fifth straight session on Thursday to hit its highest in more than three weeks, buoyed by expectation that the U.S. government reopening will restart the flow of economic data and boost bets for further interest rate cuts.Gold rose for a fifth straight session on Thursday t
A Sinotruk carrying sand gets stuck on a muddy road, one of the feeder roads in a deplorable state in Kasanje, Wakiso District. Despite collecting over UGX 460 million in taxes, the community says service delivery remains poor.Kasanje, Wakiso District: Kasanje, a mid-size place located in
Profit-taking saps metal’s strengthBengaluru — Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on the expectation of interest rate cuts by the Federal Reserve next month.
