Bloomberg Uganda’s central bank reduced its benchmark interest rate by 100 basis points for a third consecutive time, to 14 percent, citing an unfavorable growth outlook due to global economic uncertainty. While warning that drought may hurt food prices, a major component on the inflation index, the monetary policy committee expects both headline and core inflation to slow toward ...

  Bloomberg The outlook for most commodities remains shaky even after investors poured more than $50 billion into raw materials this year, and it may take fiscal stimulus to get things going, not more central bank easing, according to Barclays Plc, which reached for the history books to make a case. Additional monetary easing by the central banks is unlikely ...

  Bloomberg The wave of office buildings under construction in London is a bigger threat to rents and values than the risk of companies moving out after the UK’s vote to leave the European Union, according to UBS Group AG. “We saw a build-up of oversupply of office space long before Brexit which can’t be stopped,” Thomas Wels, global head ...

  AFP Chinese appliance giant Midea said on Monday it had secured almost 95 percent of German robotics firm Kuka, in the face of European fears over losing control over the high-tech company. The company already held 13.51 percent of Kuka — a world-leading manufacturer of industrial robots — before its June offer of 115 euros per share, which valued ...

  Bloomberg Bulgaria and Russia agreed to resurrect the canceled South Stream natural gas pipeline across the Black Sea and the Belene nuclear power plant as the Balkan country seeks to reduce payments over unfulfilled contracts awarded to Russia by international courts. Bulgaria and Russia agreed to set up working groups that will seek ways to resume work on the ...

  Frankfurt / AFP Tens of thousands of Delta Airlines passengers around the world were stranded on Monday by a computer outage that the company said had grounded all its flights. It blamed a power failure at its hub in Atlanta. “Delta has experienced a computer outage that has affected flights scheduled for this morning,” the company said in a ...

  How did Donald Trump win the Republican nomination despite clear evidence that he had misrepresented or falsified key issues throughout the campaign? Social scientists have some intriguing explanations for why people persist in misjudgments despite strong contrary evidence. Trump is a vivid and, to his critics, a frightening present-day illustration of this perception problem. But it has been studied ...

  The tangle of Syria is getting deeper. What started as a bloody crackdown on peaceful protesters mutated into a multifaceted proxy war that triggered Europe’s worst migrant crisis since World War II and facilitated the rise of IS and its global campaign of terror. It has grown into an international proxy conflict. There are regional powers Iran and Saudi ...

  The improvement in the US labour market is certainly good news. It could soon become a headache, however, if it persists alongside disappointing economic growth. The economy added 255,000 jobs in July, after adding 292,000 in June. Employment growth was weaker earlier in the year, and two solid months don’t make a trend — but even so, the labor ...

  Once again, India is in danger of sabotaging its own efforts to raise foreign investment to China-like levels. The latest salvo in this undeclared, self-defeating war is the government’s reported decision to block Tata Sons from paying what arbitrators say the company owes to a former partner, the Japanese company NTT DoCoMo. The decision is particularly odd because, under ...