business Archives - Page 9 of 13

Chinese Stock Markets Crash Amid Trade Turmoil

In a dramatic start to the trading week, stock markets across China and much of Asia tumbled sharply on Monday, as escalating trade tensions between Beijing and Washington rattled investor confidence. The benchmark indices in mainland China opened with a staggering 10%

April 7, 2025

Business·World

Germany Moves Gold Home Amid Trade Concerns

Germany has quietly completed the transfer of hundreds of tonnes of gold from vaults in New York and Paris back to its own soil in Frankfurt years earlier than originally planned. While the decision dates back to 2013, it has taken on

April 5, 2025

Health·Tanzania

Tanzania’s Central Bank Moves to Stabilize Currency

The Bank of Tanzania (BoT) has stepped in to stabilize the value of the Tanzanian Shilling by participating in the Interbank Foreign Exchange Market (IFEM). This intervention aligns with the bank’s 2023 Foreign Exchange Intervention Policy and aims to maintain stability in

April 2, 2025

Business·World

Uganda, Tanzania Strengthen Oil Ties With Refinery Deal

Uganda has taken a significant step in its oil and gas sector by finalizing an agreement to develop an oil refinery in Kabaale, Hoima District. The project, expected to have a capacity of 60,000 barrels per day, is set to enhance the

April 2, 2025

Business·Tanzania

Fuel Prices Increase Despite Falling Import Costs

Tanzanians will have to dig deeper into their pockets this month as fuel prices rise, despite a decrease in global import costs. The Energy and Water Utilities Regulatory Authority (EWURA) has released new fuel prices for April 2025, showing an increase in

April 2, 2025

Business·World

China, Japan, South Korea Strengthen Trade Amid Tariff Concerns

China, Japan, and South Korea have agreed to push forward negotiations on a free trade agreement (FTA). The decision comes as new trade restrictions loom from the United States, raising concerns about potential disruptions to global markets. Meeting in Seoul, trade officials

March 31, 2025

Business

China Prepares for Possible Trade War with U.S.

Chinese officials have warned that the country must be ready for a potential trade war with the United States as tensions between the two economic superpowers continue to rise. The statement follows a series of tariff increases and retaliatory measures that have

March 27, 2025

Business·Tanzania

Government Invests in Cashew Farming to Boost Productivity

The government has allocated more than 8 billion Tanzanian shillings to the Cashew Board of Tanzania (CBT) to fund the “Better Tomorrow Construction” (BBT) program, aimed at improving cashew farming across the country. CBT Executive Director, Francis Alfred, explained that the funds

March 10, 2025

Business·Tanzania

Fuel Prices Rise, Drivers and Consumers Struggle

Fuel prices, particularly for petrol, diesel, and kerosene, have continued to rise, leaving millions of Tanzanians grappling with the economic impact. This ongoing increase is placing an additional financial burden on consumers, especially those relying on fuel for transportation, with rising import

March 5, 2025

Business·World

Prateek Suri Pledges Billions to Africa’s Development

Billionaire entrepreneur Prateek Suri, Africa’s wealthiest Indian businessman, has announced a major philanthropic initiative, committing a significant portion of his fortune to improving education, healthcare, and child welfare across Africa. His pledge, one of the largest individual donations in recent history, aims

March 3, 2025

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business - Page 9