CAIRO (Reuters) -Egypt’s annual urban consumer price inflation dropped to 34.6% in November from 35.8% in October, pulled down by a slowdown in the rate of food price increases, data from the statistics agency CAPMAS showed on Sunday. Annual inflation was slightly lower than predicted by analysts. The median forecast of 18 analysts polled had …
Egypt’s headline inflation dips to 34.6% in November Read More »
MOSCOW (Reuters) – Russian President Vladimir Putin discussed the situation in Gaza in a phone call on Saturday with Egyptian President Abdel Fattah al-Sisi, the Kremlin said, on the eve of an election in which Sisi is set to win six more years in power. The Kremlin said Putin, who announced on Friday that he …
Putin thanks Egypt’s Sisi for Gaza help in call on eve of election Read More »
(Reuters) – Ratings agency Moody’s on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country’s fiscal and external position due to authorities’ reform efforts. The agency also affirmed its “Caa1” long-term foreign currency and local currency issuer ratings. Nigerian President Bola Tinubu is seeking to …
By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s government is considering handing over its stake in 11 power utilities to state governments to improve oversight and address the country’s chronic power shortages, the minister of power said on Friday. The federal government holds a 40% interest in 11 power distribution companies (DISCOs) that were privatised a …
Nigeria mulls handing over power utilities to state governments Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices rose more than 2% on Friday after U.S. data supported expectations of demand growth, but both benchmarks fell for a seventh straight week, their longest streak of weekly declines in half a decade, on lingering oversupply concerns. Brent crude futures settled at $75.84 a barrel, up$1.79, or 2.4%, …
Oil gains over 2% but records seventh weekly decline Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks rose on Friday, on pace for its sixth straight week of gains, while U.S. Treasury yields shot higher after a strong U.S. jobs report forced markets to modify expectations for the timing of rate cuts by the Federal Reserve. U.S. job growth accelerated in …
Stocks gain, Treasury yields jump after US job report Read More »
By Hannah Lang WASHINGTON (Reuters) -The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market. The U.S. dollar index was last up 0.3% at 104.0, on track for a modest weekly gain after a bruising November, in …
Dollar up after strong US jobs data, takes back some losses from yen Read More »
(Reuters) -Ethiopia appeared to be on the brink of a debt default on Friday after talks with key holders of the African country’s $1 billion international bond ended without agreement. The combined cost of the COVID pandemic and the recently-ended civil war in its northern Tigray region has left Ethiopia, long seen as one of …
Ethiopia edges towards default as bondholder talks falter Read More »
By Aidan Lewis CAIRO (Reuters) -Egyptian President Abdel Fattah al-Sisi has been criticised as a despot for crushing opposition lingering from a brief period of democracy, while winning praise from supporters for boosting security and driving an army-led infrastructure binge. The former military chief is set to secure a third term in a Dec. 10 …
Set to win reelection, Egypt’s Sisi is authoritarian leader with penchant for bridges Read More »
JOHANNESBURG (Reuters) – Thabsie Mabezane, a transgender woman and LGBT+ activist in South Africa, was aware of personal safety when she met a man on the dating app Tinder earlier this year. She told him that she preferred to meet up in a public space instead of at his home. But as she waited at …
Dating app abductions raise fears for LGBT+ safety in South Africa Read More »
