By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about U.S. oil inventories. U.S. President Joe Biden said he was holding daily discussions to secure the release of hostages held by the Hamas militant group …
Oil steady; signs Middle East tensions easing offset higher demand forecasts Read More »
GENEVA (Reuters) -A quarter of Somalia’s population is forecast to face “crisis-level hunger or worse” this year due to drought and floods caused by climate change, the World Food Programme (WFP) said on Tuesday. Floods that have uprooted hundreds of thousands of people in Somalia and neighbouring countries in East Africa following a historic drought …
BAMAKO (Reuters) -Mali’s army said on Tuesday it had taken the northern rebel stronghold of Kidal after carrying out a raid that inflicted heavy losses on armed insurgents. Ethnic Tuareg rebels, who have long controlled much of the north from Kidal, last month seized a base vacated by the departing U.N. peacekeeping mission, raising the …
Mali’s army says it’s captured rebel stronghold of Kidal Read More »
DUBAI (Reuters) – Ethiopian Airlines on Tuesday placed an order for Boeing 737-8 MAX narrow-body jets, nearly five years after the fatal 2019 MAX aircraft crash that led to the grounding of the global fleet. In March 2019, an Ethiopian Airlines 737 MAX plane crashed shortly after take-off from Ethiopia’s capital Addis Ababa, killing all …
Ethiopian buys more Boeing 737 MAX nearly five years after deadly crash Read More »
(Reuters) – Europe will struggle to secure domestic supplies of vital battery mineral lithium due to permit delays and local opposition to projects, driving prices higher, Sibanye Stillwater CEO Neal Froneman said on Tuesday. Prices for battery-grade lithium have declined but remain at historically high levels and the market is forecast to move to mounting …
Lithium mine project hurdles will drive prices higher – Sibanye CEO Read More »
JOHANNESBURG (Reuters) -The South African rand leapt over 2% on Tuesday as the dollar slumped after softer-than-expected U.S. consumer inflation data boosted expectations that the Federal Reserve might be done with interest rate hikes. At 1500 GMT the rand traded at 18.3600 against the dollar, about 2% stronger than its previous close. The dollar last …
South African rand soars over 2% after U.S. inflation data Read More »
By Corina Pons, Horaci Garcia and Borja Suarez SAN CRISTOBAL DE LA LAGUNA, Spain (Reuters) – Orphaned during a coup in his homeland Guinea, teenager Moussa Camara took to sea in a wooden boat with 240 other migrants, enduring an 11-day voyage, half of it without food and fresh water, before reaching the Canary Islands. …
Migrant children treated like adults as record influx overwhelms Canary Islands Read More »
By Felix Onuah ABUJA (Reuters) – Nigerian President Bola Tinubu met top officials of the Islamic Development Bank (IsDB) to negotiate a “multi-billion dollar infrastructure finance facility” to help build ports and power plants, his spokesperson said on Tuesday. Tinubu held talks with IsDB vice president Mansur Muhtar late on Monday in Mecca, Saudi Arabia, …
Nigeria in talks with Islamic bank for infrastructure finance Read More »
ABUJA (Reuters) – Nigeria’s central bank will pull back from direct fiscal interventions and take “more limited advisory roles” in support of the government’s economic growth agenda, governor Olayemi Cardoso said on Tuesday. The bank’s current approach blurred the lines between monetary and fiscal policy, undermining its ability to effectively manage inflation and foreign reserves, …
Nigeria’s central bank sees ‘refocused’ role in supporting growth Read More »
CAIRO (Reuters) – Egypt discussed with India’s ambassador to Egypt the possibility of entering Indian financial markets, Egypt’s finance ministry said in a statement on Tuesday. “The two sides discussed ways to encourage the use of national currencies to settle payments,” in a meeting between Egyptian finance minister Mohamed al-Maait and ambassador Shri Ajit Gupte, …
Egypt broaches idea of tapping Indian financial markets Read More »
