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South African rand firms as gold gets boost, data-packed week ahead

JOHANNESBURG (Reuters) -South Africa’s rand jumped on Monday at the start of a week packed with economic data releases, as gold prices climbed after China’s central bank resumed purchases of the bullion. At 1413 GMT, the commodity-driven rand traded at 17.8050 against the dollar, about 1.2% stronger than its previous close. “Developments in the Middle …

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Syria’s Assad is in Moscow after deal on military bases, says Russian state media

By Andrew Osborn and Maxim Rodionov (Reuters) -Syria’s former President Bashar al-Assad is in Moscow with his family after Russia granted them asylum on humanitarian grounds, a Kremlin source told Russian news agencies on Sunday, and a deal has been done to ensure the safety of Russian military bases. Russia’s Foreign Ministry said earlier that …

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After toppling French government, far-right National Rally loses key by-election

By Gabriel Stargardter PARIS (Reuters) -France’s far-right National Rally (RN) suffered a surprise by-election loss late on Sunday, in what its critics said was a sign of voters punishing it for its push last week to topple former Prime Minister Michel Barnier’s government. The close vote in the Ardennes left Marine Le Pen’s RN with …

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Exclusive-Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say

By Emilio Parodi MILAN (Reuters) – French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday. Prosecutors in Florence had opened an investigation for omitted tax declarations for the …

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Adani announces $88 billion India investment plan, first since US indictments

(Reuters) -India’s Adani Group will invest over 7.5 trillion rupees ($88.5 billion) in the northwestern state of Rajasthan, a top executive said on Monday, marking the group’s first major investment since the U.S. indictment of its billionaire founder. The announcement, at an event in Jaipur city attended by Prime Minister Narendra Modi, comes less than …

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We’ll stop making Ukraine fight one-handed, German opposition leader tells Zelenskiy

By Andreas Rinke KYIV (Reuters) -Friedrich Merz, frontrunner in the race to become Germany’s next chancellor, used an election-time visit to Kyiv to condemn his country’s policy on arming Ukraine as akin to making the country fight with one arm tied behind its back. Merz, leader of the opposition conservatives, is a critic of Chancellor …

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