How the Federal Reserve’s Interest Rate Mechanism Really Works
The Federal Reserve’s benchmark interest rate, often referred to as the federal funds rate, is the rate at which banks…
Alaska Storm Uncovers Hidden Artifacts; Archaeologists Race to Preserve Finds
A powerful winter storm that swept across Alaska’s interior this week exposed a previously unknown burial mound near the Yukon…
Ancient Teeth Reveal Mysterious Grooves: New Study Explores Possible Causes
Paleontologists studying fossilised hominin teeth from the East African Rift have identified a series of deep, parallel grooves that have…
UNBS and IEC Renew Partnership to Boost Safety and Quality of Electrical Products
The Uganda National Bureau of Standards (UNBS) and the International Electrotechnical Commission (IEC) have signed a renewed five‑year cooperation agreement…
Court Dismisses Former Minister Mary Kitutu’s Appeal in Karamoja Iron‑Sheets Case
The High Court has rejected former Minister Mary Kitutu’s appeal against her conviction for the illegal procurement and distribution of…
National Budget for 2025 Projected at Shs 79.22 trillion
The Ministry of Finance released the draft national budget for the upcoming fiscal year, estimating total expenditures at 79.22 trillion Ugandan…
United States and Denmark Seal Deal to Expand U.S. Military Presence in Greenland
Washington, D.C. – The United States and Denmark have finalized an agreement that will allow the U.S. to establish a…
Rising Temperatures in Europe Fuel West Nile Virus Spread in Italy
Rome, Italy – Health officials have warned of an expanding outbreak of West Nile virus (WNV) across Italy as unusually…
Russia Holds Parliamentary Vote in Territories Seized from Ukraine Amid Ongoing War
Moscow, Russia – The State Duma conducted a parliamentary election on Thursday in several regions of Ukraine that have been…
Finance Ministry Urges Banks to Cut Lending Rates to Spur Investment
Kampala, Uganda – In a press briefing on Tuesday, Finance Minister Dr. Matia Kasaija called on commercial banks to lower…