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 …
South Africa’s Eskom warns of longer power cuts this winter Read More »
By Deep Kaushik Vakil (Reuters) – Gold extended declines on Thursday after more strong economic readings from the U.S. further soured bets that the Federal Reserve may ease up on interest rates hikes, with bullion also pressured by optimism for a debt ceiling deal. Spot gold fell 1.3% to $1,956.79 per ounce by 1:40 p.m. …
Gold slides as robust US data drives hawkish Fed bets Read More »
KHARTOUM (Reuters) -Heavy air strikes pounded southern areas of Sudan’s capital on Thursday as clashes flared near a military camp, witnesses said, in fighting that has displaced nearly 1 million people and left residents of Khartoum struggling to survive. Air strikes by the army targeting the paramilitary Rapid Support Forces (RSF) were heard across several …
Heavy fighting in Sudan’s capital as food aid needs grow Read More »
By Rachel Savage and Maxwell Akalaare Adombila JOHANNESBURG/ACCRA (Reuters) -Ghana is targeting $10.5 billion of external debt service relief from 2023-2026, the IMF said, giving an early indication of how large a hit investors might face in an impending debt overhaul.    The West African country’s debt is currently unsustainable, but Ghana aims to restore …
IMF says Ghana targeting $10.5 billion in external debt relief Read More »
By Mai ShamsElDin and El Tayeb Siddig CAIRO (Reuters) – After surviving weeks of fighting in Khartoum, Sanaa Mahmoud has finally got her family to safety in Cairo but says her daughter still wakes up at night screaming because of the gunfire and airstrikes that rocked her neighbourhood. “They saw everything, the gunfire was falling …
Sudan’s conflict inflicts heavy toll on children Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -British equities closed higher on Thursday as optimism grew around a nearing U.S. debt ceiling deal, while a tumble in BT Group and Burberry limited gains on the FTSE 100. Britain’s largest broadband and mobile provider BT Group skidded 5.0% after the company said it will cut …
UK equities rise on upbeat global mood; Burberry, BT Group lag Read More »
JOHANNESBURG (Reuters) -South Africa’s rand extended the previous day’s losses on Thursday as the U.S. dollar hovered near a seven-week high on optimism over U.S. debt ceiling talks. At 1529 GMT, the rand traded at 19.3625 against the dollar, almost 0.5% weaker than its previous close. On Wednesday, it fell around 1%. The dollar was …
South African rand extends losses as dollar gains on debt ceiling talks Read More »
By Sakura Murakami and Jeff Mason HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden and Japan’s Fumio Kishida met for talks in the deeply symbolic city of Hiroshima on Thursday, aiming for closer cooperation in the face of an ascendant China and an unpredictable Russia they see as threatening the post-war order. The two met …
In symbolic Hiroshima, U.S. allies size up an ascendant China and unpredictable Russia Read More »
By Trevor Hunnicutt and John Irish WASHINGTON/PARIS (Reuters) -The longest shadows at the Group of Seven (G7) leaders’ summit this week will be cast by two countries that weren’t even invited to the Hiroshima gathering: China and Russia. As the heads of the world’s advanced democracies meet for three days from Friday in the western …
At Japan’s G7 summit, the big elephants are China and Russia Read More »
By Gleb Garanich KYIV (Reuters) – Ukraine shot down 29 of 30 missiles launched by Russia in overnight air strikes but one person was killed in an attack on the southern city of Odesa, the Ukrainian military said on Thursday. Black smoke filled the sky over Kyiv during the ninth attack on the capital this …
Ukraine says it shot down 29 of 30 missiles in overnight Russian attacks Read More »
