Reuters Africa

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears while also dampening hopes the Federal Reserve would cut interest rates before year-end. Investors continued to closely monitor debt …

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USAID chief goes to Chad to meet Sudanese refugees, discuss humanitarian needs

By Daphne Psaledakis WASHINGTON (Reuters) – The chief of the U.S. Agency for International Development traveled on Thursday to Chad, where tens of thousands have fled fighting in neighboring Sudan, to meet with Sudanese refugees and officials, a USAID spokesperson said. Some 60,000 Sudanese refugees, mostly women and children, have poured over the border since …

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South Africa’s Eskom warns of longer power cuts this winter

By Nellie Peyton and Carien du Plessis JOHANNESBURG (Reuters) -South Africa’s state power utility Eskom may have to increase power cuts to an unprecedented level this winter, a company executive said on Thursday, as the country grapples with its worst power crisis on record. Many households and businesses in Africa’s most industrialised economy are already …

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