By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Tuesday as traders focused on rebounding crude output in parts of the U.S., along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East. Brent crude settled at $79.55 a barrel, losing 51 …
Oil prices settle down slightly on more supply in US and abroad Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar climbed to six-week peaks against a basket of currencies on Tuesday, as investors resumed buying the greenback after a brief respite, on continued expectations the Federal Reserve would be in no rush to cut interest rates given a still stable U.S. economy. The dollar index rose to …
US dollar hits six-week high; yen falls in wake of BOJ decision Read More »
ABIDJAN (Reuters) – U.S. Secretary of State Antony Blinken on Tuesday pledged $45 million in additional financing to help fight conflict and bring stability to coastal West Africa, where insecurity linked to jihadist insurgencies has increased in recent years. Blinken is on the second stop of a four-nation tour of Africa taking him to Cape …
Blinken pledges $45 million to boost coastal West Africa security Read More »
(Reuters) – The World Bank has approved $300 million in funding to help Ghana’s economic recovery, it said in a statement on Tuesday. The decision comes after the West African country reached a deal to restructure $5.4 billion of loans with its official creditors, a milestone in Ghana’s quest for debt relief as it charts …
World Bank approves $300 million in funding for Ghana Read More »
By Umaru Fofana FREETOWN (Reuters) – A national park that provides clean water to Sierra Leone’s capital Freetown is critically under threat due to human activities such as land grabbing, charcoal burning, quarrying and marijuana cultivation, a U.N. report said on Tuesday. The park has lost about 26% of its 18,000 hectares (180 square kilometres) …
Sierra Leone’s capital under threat from deforestation, UN report says Read More »
CAIRO/MOSCOW (Reuters) – Russian President Vladimir Putin and Egypt’s Abdel Fattah al-Sisi on Tuesday inaugurated the construction of a new unit at Egypt’s Dabaa nuclear power plant via video link, as Moscow moves ahead with its global nuclear ambitions. The power plant is being built by the Russian state corporation Rosatom at a reported cost …
Putin, Sisi mark new phase of Egypt’s Russian-built nuclear plant Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda is negotiating with an investment company led by a member of Dubai’s royal family to develop a planned $4 billion refinery for some of its crude oil, its energy minister said on Tuesday. Uganda in July last year terminated negotiations with a consortium that included a unit of U.S. …
Uganda in talks with UAE investment firm over planned oil refinery Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded funds (ETFs), tracking bitcoin’s spot price, that began trading on Jan. 11 after …
Cryptoverse: Will bitcoin behave better on Wall Street? Read More »
LISBON (Reuters) – Portugal’s largest builder Mota-Engil has signed four contracts worth a total 975 million euros ($1.06 billion) in Angola and Mexico, strengthening the order book in Africa and Latin America – its main markets – and causing its shares to rise on Tuesday. The company said late on Monday its new contracts with …
Builder Mota-Engil gets $1 billion in new Angola, Mexico deals, shares rise Read More »
By Tiksa Negeri ADDIS ABABA (Reuters) -Ethiopian state-owned telecoms company Ethio Telecom on Tuesday posted a 14% rise in half-year profit helped by growth in its mobile phone-based financial service Telebirr. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 19.77 billion birr ($352 million) while revenue grew by 26% to 42.86 billion, CEO …
Ethiopia’s Ethio Telecom posts 14% rise in half-year earnings Read More »
