Author: @kevin daily post

The Bank of Uganda has officially started its Domestic Gold Purchase Programme, a new initiative aimed at strengthening and diversifying the country’s foreign exchange reserves. According to Reuters, the central bank made its first purchase on Friday, April 17, 2026, under a three-year pilot programme. The value of the first gold purchase was not disclosed. The Bank of Uganda said the programme will involve buying and processing domestically mined gold and adding it to Uganda’s foreign exchange reserves. The central bank said the move is intended to improve reserve adequacy and reduce risks linked to traditional reserve assets. Under the…

Tesla likely saved more than $400 million in U.S. taxes through offshore financial arrangements, according to a Reuters investigation published on April 20, 2026. The report says Tesla used subsidiaries in the Netherlands and Singapore to record around $18 billion in profits between 2023 and 2025. Reuters reported that these profits were not taxed in those countries and may have otherwise been reported in the United States, where they could have faced taxation. The findings appear to contrast with Elon Musk’s public criticism of tax avoidance. Musk has previously spoken against what he described as “shady” loopholes, while also saying…

Apple’s latest iPhone launch has raised a familiar question among customers and analysts: is the company moving too quickly with new models? Apple introduced the iPhone 17e in March 2026, positioning it as a more affordable model with several major upgrades, including the A19 chip, a 48MP Fusion camera, MagSafe support, Ceramic Shield 2, USB C, and 256GB starting storage. The launch comes as Apple is reportedly shifting toward a more staggered release strategy, with some models arriving outside the traditional September window. MacRumors reports that the iPhone 17 lineup launched in September 2025, while the next standard model is…

President Donald Trump and Iranian officials have both pointed to progress in recent talks aimed at ending the US Israeli war with Iran, but uncertainty over the Strait of Hormuz continues to threaten any breakthrough. Reuters reported that Iran’s top negotiator said talks had moved forward, while Trump described the conversations with Tehran as “very good.” Despite the positive language, neither side gave clear details about what had been agreed. Key disputes remain over Iran’s nuclear program, sanctions relief, and the future of the Strait of Hormuz, one of the world’s most important oil shipping routes. The strait remains a…

Sunrisers Hyderabad and Delhi Capitals gave the Indian Premier League fresh momentum on Saturday with two tense victories that highlighted different strengths: Hyderabad’s bowling depth and Delhi’s calm under pressure. Hyderabad defeated Chennai Super Kings by 10 runs, while Delhi beat Royal Challengers Bengaluru by six wickets. Hyderabad’s win stood out because of the way their younger bowlers defended a challenging total after Chennai appeared well placed in the chase. Chasing 195, Chennai needed 84 runs from the final 10 overs with seven wickets in hand, but Hyderabad’s attack turned the match around. Eshan Malinga led the way with 3-29,…

During the visit, President and CEO Mohammad Ali Rashed Lootah met with Philippine Chamber of Commerce and Industry President Ferdinand Ferrer to explore opportunities for closer cooperation in areas such as artificial intelligence, digital transformation and smart cities. The delegation also held talks with the Management Association of the Philippines, focusing on expanding business partnerships and boosting collaboration across key sectors. Meetings were also held with leading Filipino companies to highlight Dubai’s investment advantages, particularly in the digital economy, real estate and retail. Lootah says the visit reflects a shared commitment to deeper engagement and stronger links between the business…

Oil prices dropped below $90 a barrel on Friday after Iran said the Strait of Hormuz was open to commercial vessels, easing market fears over one of the world’s most important energy shipping routes. Reuters reported that oil and the dollar fell sharply, while stocks and bonds rose after Iran’s foreign minister said passage through the strait was “completely open” for the remaining period of the ceasefire in Lebanon. The announcement brought immediate relief to global energy markets. The Guardian reported that Brent crude fell more than 10% to about $88.80 a barrel, down sharply from a recent peak of…

Top seed Elena Rybakina saved two match points against unseeded Canadian Leylah Fernandez to advance to the semi-finals of the WTA Stuttgart tournament where she will meet Russian teenager Mirra Andreeva. Rybakina, the 2024 Stuttgart winner, needed three hours to get past Fernandez 6-7 (5/7), 6-4, 7-6 (8/6) on Friday, saving two match points in the final-set tiebreak. Earlier Andreeva rallied past two-time Stuttgart champion Iga Swiatek 3-6, 6-4, 6-3. “Especially in the beginning there was a lot of frustration. I was just going downhill. The serve was not going,” Rybakina said. “Somehow I found the fight in me and…

Coventry City have secured promotion to the Premier League for the first time in 25 years after a tense 1-1 draw against Blackburn Rovers at Ewood Park. Frank Lampard’s side needed only one point to confirm their return to the top flight and delivered it through a late equaliser from Bobby Thomas. Blackburn looked set to delay Coventry’s promotion party when Ryoya Morishita gave the home side the lead early in the second half. But Thomas rose in the 84th minute to head in from a free kick, sparking huge celebrations among the more than 7,000 travelling Coventry supporters. The…

Dubai remains one of the world’s top travel destinations, offering a mix of iconic landmarks, luxury, culture, beaches, shopping, and family entertainment. The city’s official tourism guide highlights famous attractions such as Burj Khalifa, Dubai Mall, Dubai Marina, and a wide range of cultural and dining experiences for visitors planning a trip in 2026. One of the biggest highlights for travelers is Burj Khalifa, which the official Dubai city guide lists as a must visit attraction. Nearby, Dubai Mall continues to be a major draw for shopping, entertainment, and indoor attractions, making Downtown Dubai one of the busiest areas for…