Reuters Africa - Squid Business

Residents report gunfire in Ethiopian holy city, but govt says all peaceful

By Dawit Endeshaw and Giulia Paravicini ADDIS ABABA / NAIROBI (Reuters) – Fighting broke out on Wednesday between the army and a regional militia in Ethiopia’s mediaeval holy city of Lalibela, a World Heritage site, four residents told Reuters, but the government said the area was peaceful. Fano, a part-time militia in the northern Amhara …

Residents report gunfire in Ethiopian holy city, but govt says all peaceful Read More »

Oil dives 4% to lowest since July on demand worry, strong dollar

By Shariq Khan BENGALURU (Reuters) -Oil prices fell more than 4% on Tuesday to their lowest since late July, as mixed Chinese economic data and rising OPEC exports eased fears about tight markets and as the dollar strengthened. Brent crude futures closed below $84 a barrel for the first time since Hamas Islamists’ Oct. 7 …

Oil dives 4% to lowest since July on demand worry, strong dollar Read More »

Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll

By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Emerging market currencies will take well into next year to start making noticeable gains against a retreating U.S. dollar, despite a growing view the interest rate cycle has peaked, a Reuters poll of FX strategists showed. After getting battered for most of 2023, emerging market (EM) …

Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll Read More »

Tunisia arrests business owner on suspicion of stealing from state companies

By Tarek Amara TUNIS (Reuters) – A Tunisian public prosecutor ordered on Tuesday the arrest of one of the country’s richest business owners, Marouan Mabrouk, son-in-law of former president Zine El Abidine Ben Ali, on suspicion of stealing funds from state companies, a judicial official told Reuters. Mabrouk has not been charged. It was not …

Tunisia arrests business owner on suspicion of stealing from state companies Read More »

Dollar gains, global shares pare losses as Fed speakers talk policy

By Herbert Lash NEW YORK (Reuters) -The dollar gained and world shares pared losses on Tuesday, as stocks on Wall Street surged and investors assessed Federal Reserve commentary about a too-strong U.S. economy that could require another interest rate hike to tame inflation. Gold hit a two-week low as the safe-haven rally triggered by Mideast …

Dollar gains, global shares pare losses as Fed speakers talk policy Read More »

Dollar bounces after sharp selloff, weak data hurts euro

By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained on Tuesday as a sharp selloff last week was seen as overdone in the short term, while the euro was dented by weak German data and the Australian dollar slid after the country’s central bank raised interest rates but hinted the hike was the …

Dollar bounces after sharp selloff, weak data hurts euro Read More »

Mali drone strikes kill civilians in town of Kidal, officials and rebels say

BAMAKO (Reuters) – At least 12 civilians were killed by drone strikes around the town of Kidal in northern Mali on Tuesday, including on a base vacated days earlier by a United Nations peacekeeping mission, a local official and a rebel group said. The strikes appear to be the first sign of conflict in Kidal, …

Mali drone strikes kill civilians in town of Kidal, officials and rebels say Read More »

South African rand slips against stronger dollar; shares plunge

JOHANNESBURG (Reuters) -South Africa’s rand continued to give back some of last week’s gains on Tuesday as the U.S. dollar traded higher. At 1705 GMT, the rand traded at 18.3575 against the dollar, about 0.4% weaker than its previous close. The dollar was last up more than 0.3% against a basket of major currencies. The …

South African rand slips against stronger dollar; shares plunge Read More »

Sudan army, paramilitary RSF agree to ease aid, take trust-building steps -Saudi press agency

DUBAI/CAIRO (Reuters) – The warring Sudanese army and paramilitary Rapid Support Forces (RSF) have committed to easing humanitarian aid deliveries and implementing confidence-building measures, mediators in talks in Jeddah said via Saudi state news agency SPA on Tuesday. The two sides, who have been fighting since April, have previously agreed to and then promptly violated …

Sudan army, paramilitary RSF agree to ease aid, take trust-building steps -Saudi press agency Read More »

Explosion at Canadian embassy in Nigeria kills two

ABUJA (Reuters) – An explosion at the Canadian High Commission in Nigeria killed two people, including a locally engaged employee, forcing a temporary halt in operations until further notice, the Canadian embassy said in a statement on Tuesday. Global Affairs Canada, the Canadian government department responsible for international relations, said in a statement on X …

Explosion at Canadian embassy in Nigeria kills two Read More »