By Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) -South Africa will not fall into recession this year despite a gloomy International Monetary Fund (IMF) forecast and a contraction in the last three months of 2022, its finance minister told Reuters in an interview on Friday. Africa’s most developed economy is the midst of a …
South Africa’s finance minister rules out recession in 2023 Read More »
By Herbert Lash NEW YORK (Reuters) – Treasury yields rose and the dollar index bounced off a one-year low on Friday after a decline in U.S. retail sales suggested the economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May. Stocks on Wall Street fell and …
Dollar, yields gain as likelihood of Fed rate hike rises Read More »
BENI, Democratic Republic of Congo (Reuters) – Suspected militants killed at least 30 civilians on Friday in a village raid in Democratic Republic of Congo’s northeastern Ituri province, the head of a civil society group and a local resident said. Army spokesperson Jules Ngongo Tshikudi confirmed the morning attack in Banyali Kilo, a district in …
At least 30 civilians killed in eastern Congo village attack Read More »
KHARTOUM (Reuters) – Sudanese medics said on Friday that at least 22 people had been shot and killed in violence in West Darfur state over the past week. The violence in the town of Forbaranga is the latest in growing tribal violence across Sudan’s peripheries and in West Darfur in particular. Clashes have intensified since …
At least 20 killed in latest flare-up of tribal violence in Darfur -medics Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar index bounced off a one-year low against a basket of currencies on Friday after some March retail sales components were not as weak as some economists had feared, while a key Federal Reserve official warned that the U.S. central bank needs to continue hiking interest rates …
Dollar bounces off one-year low, weak retail sales not as bad as feared Read More »
TUNIS (Reuters) – Tunisian football player Nizar Issaoui, 35, has died from burns suffered after setting himself alight earlier this week as a protest against “police injustice”, his family said on Friday. Clashes erupted between police and angry protesters in Haffouz, the hometown‮ ‬of Issaoui. Police fired gas to disperse the protesters who had gathered …
Soccer-Tunisian player dies after setting himself on fire in protest against police Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and secured a fourth straight week of gains after the West’s energy watchdog said global demand will hit a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that deep output cuts …
Oil rises, logs weekly gains after IEA predicts record demand Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenya is “disturbed” by comments about President William Ruto reportedly attributed to the United Nations deputy secretary-general in a leaked U.S. classified document, a senior Kenyan official said on Friday. The BBC, citing a leaked document, reported this week that Amina Mohammed told U.N. Secretary-General Antonio Guterres in February …
Kenya ‘disturbed’ by UN remarks in leaked memo -senior official Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Friday as the dollar jumped higher after hawkish comments by a Fed official on the U.S. central bank’s future interest rate trajectory. At 1602 GMT, the rand traded at 18.1275 against the dollar, around 0.42% lower than its previous close. The dollar index, which measures the currency …
South African rand weakens as dollar gains on hawkish Fed governor Read More »
ROME (Reuters) – Italy’s government will announce a plan focused on energy cooperation with Africa in October, Prime Minister Giorgia Meloni said on Friday during a visit to Ethiopia. The so-called “Mattei plan”, named after the founder of Italian energy group Eni, Enrico Mattei, aims to turn Italy into a major energy hub, distributing gas …
Italy to announce Africa energy cooperation plan in October, says PM Read More »
