By Phil Stewart BRUSSELS (Reuters) – Ten years to the day after the formal launch of the U.S.-led operation against the Islamic State, the United States and its NATO allies gathered in Brussels on Thursday to discuss the future of a mission facing increasing headwinds. Niger kicked out the U.S. military from its counter-terrorism base …
At 10-year mark, US and allies weigh future of Islamic State mission Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped against a stronger dollar on Thursday, after data showed U.S. retail sales rose more than expected, signalling a resilient U.S. economy. At 1511 GMT, the rand traded at 17.7150 against the U.S. dollar, 0.41% weaker than its previous close. The dollar last traded 0.21% firmer against a basket of …
South African rand slips after US retail sales data Read More »
By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coincided with lower supply in Europe, helping to push refiners’ profit margins for the fuel to their highest in over a year, traders and analysts told Reuters. Firmer high-sulphur fuel oil (HSFO) prices …
Heightened Egyptian demand in tight market buoys European fuel oil prices Read More »
AMSTERDAM (Reuters) -The conservative Dutch government is looking into sending rejected African asylum seekers to Uganda, Prime Minister Dick Schoof said on Thursday, while acknowledging it might not be feasible. “It is a serious plan, but a lot still needs to be worked out,” he told reporters in Brussels. It was not clear whether such …
Netherlands explores plan to send rejected African asylum seekers to Uganda Read More »
JOHANNESBURG (Reuters) – South Africa’s central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost. Kganyago is a strong advocate for a lower target than the bank’s current 3% to 6% range and told Reuters in April that teams from the central bank and …
South Africa could lower inflation target at little cost, central bank governor says Read More »
NEW YORK (Reuters) – The U.N. envoy for Western Sahara, Staffan de Mistura, has floated the idea of dividing the territory between Morocco and the Polisario front as a solution to the near five-decades-old dispute, according to remarks seen by Reuters. The long-frozen conflict, dating back to 1975, pits Morocco, which considers Western Sahara its own …
By Camillus Eboh ABUJA (Reuters) – Nigeria launched a new malaria vaccine on Thursday that will be freely administered to recipients, its health minister said, marking a significant milestone in its fight against the deadly disease. The launch makes the country one of the first in the world to back the new R21 vaccine, developed …
Nigeria rolls out new Oxford R21 malaria vaccine Read More »
ABUJA (Reuters) – Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay the course, the World Bank said on Thursday. President Bola Tinubu has instituted reforms including ending a decades-old petrol subsidy and devaluing the currency to try to boost output, which has …
Nigeria seeing positive results from fiscal reforms, World Bank says Read More »
JOHANNESBURG (Reuters) – South Africa is considering introducing tax rebates or subsidies for consumers to boost buying of electric vehicles, President Cyril Ramaphosa said on Thursday, as Africa’s most industrialised economy transitions its automotive industry. Global automakers like Ford, Volkswagen, BMW and Toyota manufacture models in South Africa for both the local and European markets. …
South Africa mulls tax rebates, subsidies to boost local EV industry Read More »
NAIROBI (Reuters) – The Kenyan shilling was steady against the dollar on Thursday as diaspora dollar inflows matched importer demand, one trader said. The shilling traded at 128.50/129.50 against the dollar at 0715 GMT, according to LSEG data, the same as Wednesday’s closing rate. “We don’t expect much movement ahead of the weekend,” the trader …
Kenyan shilling steady; diaspora FX inflows match importer demand Read More »
