The 80-year-old leader pledges economic growth from today’s GDP of $66bn to $500bn within the next five years.

Ugandan President Yoweri Museveni has confirmed he will contest next year’s presidential election, setting the stage for a potential extension of his nearly 40-year rule.

The 80-year-old announced late on Saturday that he had expressed his interest “in running for … the position of presidential flag bearer” for his National Resistance Movement (NRM) party.

Museveni seized power in 1986 after a five-year civil war and has ruled ever since.

The NRM has altered the constitution twice to remove term and age limits, clearing the way for Museveni to extend his tenure.

Rights groups accused him of using security forces and state patronage to suppress dissent and entrench his power – claims he denies.

Museveni said he seeks re-election to transform Uganda into a “$500bn economy in the next five years”. According to government data, the country’s current gross domestic product stands at just under $66bn.

Ugandans are due to vote in January to choose a president and members of parliament.

Challenger
Opposition leader Bobi Wine, a pop star-turned-politician whose real name is Robert Kyagulanyi, has confirmed he will run again. Wine rejected the 2021 results, alleging widespread fraud, ballot tampering and intimidation by security forces.

Ugandan opposition leader Robert Kyagulanyi, also known as Bobi Wine, poses for a photograph after his press conference at his home in Magere, Uganda, on January 26, 2021. – Ugandan soldiers have stood down their positions around the residence of opposition leader Bobi Wine, a day after a court ordered an end to the confinement of the presidential runner-up. He had been under de-facto house arrest at his home outside the capital, Kampala, since he returned from voting on January 14, 2021.

Tensions have risen in recent months after parliament passed a law allowing military courts to try civilians, a practice the Supreme Court ruled unconstitutional in January.

The government insisted the change is necessary to tackle threats to national security, but rights organisations and opposition figures argued it is a tool to intimidate and silence critics.

Uganda for years has used military courts to prosecute opposition politicians and government critics.

In 2018, Wine was charged in a military court with illegal possession of firearms. The charges were later dropped.

Human Rights Watch (HRW) has criticised Uganda’s military courts for failing to meet international standards of judicial independence and fairness.

Oryem Nyeko, senior Africa researcher at HRW, said this year: “The Ugandan authorities have for years misused military courts to crack down on opponents and critics.”

Aljazeera.com

Nike joins companies like Walmart, Target and Mattel that have said they will need to raise prices.

Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue.

The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction with its earnings report released on Thursday.

US President Donald Trump’s sweeping tariffs on imports from key trading partners could add about $1bn to Nike’s costs, company executives said on a post-earnings call after the sportswear giant topped estimates for fourth-quarter results.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16 percent of the shoes Nike imports into the US, Chief Financial Officer Matthew Friend said. However, the company aims to cut the figure to a “high single-digit percentage range” by the end of May 2026 as it reallocates Chinese production to other countries.

“We will optimise our sourcing mix and allocate production differently across countries to mitigate the new cost headwind into the United States,” he said on a call with investors.

Consumer goods are one of the most affected areas by the tariff dispute between the world’s two largest economies, but Nike’s executives said they were focused on cutting the financial pain. Nike will “evaluate” corporate cost reductions to deal with the tariff impact, Friend said. The company has already announced price increases for some products in the US.

“The tariff impact is significant. However, I expect others in the sportswear industry will also raise prices, so Nike may not lose much share in the US,” David Swartz, analyst at Morningstar Research, told the Reuters news agency.

CEO Elliott Hill’s strategy to focus product innovation and marketing around sports is beginning to show some fruit, with the running category returning to growth in the fourth quarter after several quarters of weakness.

Having lost share in the fast-growing running market, Nike has invested heavily in running shoes such as Pegasus and Vomero, while scaling back production of sneakers such as the Air Force 1.

“Running has performed especially strongly for Nike,” said Citi analyst Monique Pollard, adding that new running shoes and sportswear products are expected to offset the declines in Nike’s classic sneaker franchises at wholesale partner stores.

Marketing spending was up 15 percent year on year in the quarter.

On Thursday, Nike hosted an event in which its sponsored athlete Faith Kipyegon attempted to run a mile in under four minutes. Paced by other star athletes in the glitzy event that was livestreamed from a Paris stadium, Kipyegon fell short of the goal but set a new unofficial record.

Nike forecast first-quarter revenue to fall in the mid-single digits, slightly better than analysts’ expectations of a 7.3 percent drop, according to data compiled by LSEG. Its fourth-quarter sales fell 12 percent to $11.10bn, but still beat estimates of a 14.9 percent drop to $10.72bn.

China continued to be a pain point, with executives saying a turnaround in the country will take time as Nike contends with tougher economic conditions and competition.

Looming trade deal as prices rise
Nike’s woes come as a trade deal with China could be on the horizon. US Treasury Secretary Scott Bessett said on Friday that the administration could have a deal with Beijing by Labor Day, which is on September 1.

Under the deal, the US will likely impose 55 percent tariffs across the board on Chinese goods, down from 145 percent, still a significant burden on businesses.

o a survey from Allianz Global Trade last month, 38 percent of businesses say they will need to raise prices for consumers, with Nike being the latest.

In April, competitor Adidas said it would need to eventually raise prices for US consumers.

“Cost increases due to higher tariffs will eventually cause price increases,” CEO Bjorn Gulden said at the time.

Walmart said last month that its customers will see higher price tags in its stores as the nation’s biggest big box retailer prepares for back to school shopping season.

Target, which had a bad first quarter driven by boycotts and the looming threat of tariffs, also has been hit as the big box retailer gets 30 percent of its goods from China.

Aljazeera.com

EU defence commissioner Andrius Kubilius says Europeans will require millions of drones to create an “army” and they need to start preparing now.

The European Union’s defence commissioner has warned Europe must be capable of building a drone army in case Russia attacks.

Military intelligence has suggested Russian forces could be ready to strike a NATO country within the next five years.

In order to defend themselves, Andrius Kubilius says Europeans will require millions of drones and need to start preparing now.

“Russia can have around five million drones, so we need to have capacities bigger than those in order to prevail,” he told Sky News, warning that if President Putin ordered an attack, the target would face a “battle-tested” Russian army with the ability to use “millions of drones”.

The 2022 invasion of Ukraine sparked a revolution in drone warfare.

Facing one of the world’s strongest militaries, the Ukrainians used the cheap, adaptable technology to their advantage.

It estimates its drone units are now responsible for 80% of Russian frontline losses.

Mr Kubilius has visited Ukraine to learn the lessons from the battlefield.

Along the 1,200km (745 mile) front line is an area nicknamed “Death Valley”.

“Nothing can move. Everything is controlled by drones. A traditional tank in that zone survives six minutes,” he explained.

This year, Ukraine’s expected to produce more than four million drones.

Contemplating how many units other countries would need, the commissioner used the example of his home country of Lithuania.

The former Soviet republic shares a border of around 900km (559 miles) with Russia and Belarus.

“If Ukrainians need four million for 1,200km, we need something like three million drones for one year if the war is starting, if ‘Day X’ is coming,” he said.

To try to stay ahead in the fight, both Russia and Ukraine are constantly updating their drone technology.

For this reason, the commissioner believes that rather than stockpiling drones now, which will go out of date, Europe should instead build up teams of pilots, engineers, and producers ready to scale up production should the time come.

“On the European continent, at the moment, there are only two armies battle-tested with the ability to use millions of drones: one is Russian, which is planning new aggressions; another one is Ukrainian,” said Mr Kubilius.

“We need to learn a lot from Ukraine… how to organise defences against millions of drones, and also how to make your defence industry innovative,” he added.

It’s a point many in the business agree with.

German start-up STARK has been testing loitering munitions or “attack drones” ready to supply to Kyiv.

“It’s all made for easy handling for soldiers, so you don’t have to use any tools on the front line, and you just plug in the rudders,” said STARK’s senior vice president, Josef Kranawetvogl, as he quickly clicked the unit’s tail together.

He spent 18 years in the German military before making the jump to weapons production.

He says staying ahead of the enemy requires tactics and technology to be frequently updated.

“Every day you have to adapt. You have such fast development cycles in Ukraine – two or three weeks, then there’s something new upcoming and you have to be prepared for this.”

Since the start of June, Russia has repeatedly used drone swarms to attack Ukraine.

It involves hundreds of drones hammering cities in one night.

I asked Josef whether he believes NATO’s European members are ready to defend against such an attack.

“I see quite a lot of European armies starting right now to develop or to purchase unmanned systems, and it’s a good development, but it’s all about time. How can we speed up?” he replied.

Close to the border with France, another German start-up, Alpine Eagle, is testing defence drone units for Ukraine.

“This is our interceptor drone,” explained the company’s CEO, Jan-Hendrik Boelens, holding up a prototype which looks a bit like a small black plane. The interceptor is carried underneath a large grey drone.

On-board radar means it can be fired at enemy drones up to 5km (3 miles) away.

Jan thinks that could be a game changer in an aerial battle as it means hostile units could be picked off before they get close.

And he believes NATO is unprepared if one of its countries was to be hit by a wave of drones like those in Ukraine.

“We are absolutely not ready in my view,” he said.

He explained that Ukraine produced around 1.3 million drones a year last year.

“I would be surprised if NATO even bought a thousand drones last year. I think Germany procured, I don’t know, 100, maybe 200. So now you do the math on what that means and how quickly you run out of drones.

“If Ukraine consumed 1.3 million drones per year, that’s 3,000 a day. So, if you have 100 in your inventory, that would not last an hour.”

A spokesperson from the German Defence Ministry said the numbers stated “do not closely reflect reality”.

“Drones are now part of everyday life for soldiers, they are omnipresent and are used extensively in service operations and training,” they added.

Drones are a key part of NATO’s defence plan.

The alliance’s leadership has repeatedly said producing, procuring, and protecting against drones is a priority.

At the NATO summit, members agreed to boost defence spending to 5% of gross domestic product (GDP) by 2035.

In addition to increasing training and development, NATO Chief Mark Rutte has said he wants more investment in drone technology as well as boosting air defences fivefold.

“We see Russia’s deadly terror from the skies over Ukraine every day, and we must be able to defend ourselves from such attacks,” he told an audience at the summit.

Lessons from Ukraine have prompted members to embrace unmanned technology in various ways.

Britain is one of the countries pledging to put drones front and centre of its new defence plan.

Earlier this month, the UK government’s Strategic Defence Review outlined a new way forward for British Army warfighting based around a drone-centric 20-40-40 strategy in which uncrewed systems are deployed for first wave attacks, before tanks, attack helicopters and other manned platforms arrive on the battlefield.

In essence, the new weapons mix would be 20% traditional heavy platforms (like tanks), 40% single-use expendable drones and munitions, and the remaining 40% reusable, high-end drones.

It’s been confirmed that an extra £2bn will be spent on army drones this parliament.

Defence Secretary John Healey said Britain’s adversaries were working more in alliance and technology was changing how war was fought.

“Drones now kill more people than traditional artillery in the war in Ukraine and whoever gets new technology into the hands of their armed forces the quickest will win,” he said.

This week, the prime minister announced a deal with Ukraine to co-produce drones.

Germany and Denmark have made similar agreements with the German Ministry of Defence, telling Sky News that drones are a top priority.

In a drone showroom in central Berlin, we meet Sven Weizenegger, head of the German military’s cyber innovation hub.

He said they have noticed a boom in pitches from potential suppliers.

Every day, his department receives up to 20 enquiries from companies asking how their products could be used by the military.

He believes things need to move more quickly so soldiers get weapons faster.

“We are very advanced in the innovation process. That means we have a lot of ideas and many companies that are ready to deliver,” he explained. “Unfortunately, what we are not good at right now, due to our current processes, is getting these things into real operations, into frontline use. We need to fix that.”

Germany has promised to turbo-charge defence spending, with the Chancellor pledging to create the “strongest conventional army in Europe”.

Plans announced this week include boosting unmanned systems and air defences.

The German Ministry of Defence said it couldn’t reveal stock levels due to security, but a spokesperson confirmed the country is investing in a range of different units, including signing two contracts for attack drones.

“We are procuring not just a few but quite large quantities and testing them directly with the troops,” the spokesperson added.

However, they agreed with the EU defence commissioner that rather than stockpiling tech which would go out of date, it was better to have a system in place to allow for large quantities to be made quickly in the event of war.

In May, the EU approved a €150bn (£125bn) loan scheme to boost defence production across the bloc.

News.sky.com