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Russia fires North Korean missiles at Ukraine for first time – Kyiv official

(Reuters) -Russia has hit Ukraine with missiles supplied by North Korea for the first time during its invasion, a senior Kyiv official said on Friday, corroborating an earlier assertion by the U.S. White House. The statement on social media platform X came after the governor of the northeastern region of Kharkiv said that his region …

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Endeavour Mining ousts CEO over ‘serious misconduct’

(Reuters) -Endeavour Mining said on Thursday it had removed CEO Sebastien de Montessus with immediate effect, citing “serious misconduct”. The action followed an investigation by the board into an irregular payment instruction of $5.9 million issued by him in relation to an asset disposal by the company. De Montessus, who was also removed as president …

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US economy cranks out jobs at brisk clip in December; wages increase

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. There were, however, some cracks in the closely watched employment report from the Labor Department …

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Stellantis EV output in Italy falls short as buyers wait for incentives – union

MILAN (Reuters) -Stellantis produced many fewer fully-electric 500e cars in Italy than planned last year, the FIM CISL union said on Friday, as buyers waited for the government to roll-out purchasing incentives for electric vehicle (EVs). The automaker, home to brands including Fiat, Peugeot and Chrysler, made 751,384 vehicles in Italy last year, up 9.6% …

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UK stocks log weekly losses, kicking off 2024 on grim note

By Shubham Batra and Sruthi Shankar (Reuters) -Britain’s main stock indexes snapped a string of weekly gains on Friday, marking a grim start to 2024, as investors scaled back bets of aggressive monetary policy easing following better-than-expected economic data. The exporter-heavy FTSE 100 fell 0.4%, under pressure from a stronger pound that tends to hurt …

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India forecasts 7.3% 2023/24 economic growth, boosting Modi’s election chances

By Manoj Kumar NEW DELHI (Reuters) -India forecast annual growth of 7.3% in the fiscal year ending in March, the highest rate of any of the major global economies, providing a boost for Prime Minister Narendra Modi ahead of the national elections scheduled to be held before May. “These are early projections for 2023/24,” the …

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Nigeria’s top court says Shell’s appeal should be heard after oil spill claim

By Camillus Eboh ABUJA (Reuters) – Nigeria’s Supreme Court on Friday ruled that Shell should be granted a hearing over an alleged oil spill in the Niger Delta after the Court of Appeal halted an asset sale and ordered a judgement claim to be paid prior to hearing its case. The case, one of several …

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South African rand firmer in afternoon trade

JOHANNESBURG (Reuters) -The South African rand was stronger in afternoon trade on Friday, after a quiet week in which it mostly tracked the U.S. dollar in the absence of major local drivers. At 1630 GMT, the rand traded at 18.6650 against the dollar, 0.2% firmer than its previous close. The dollar was last down 0.2% …

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UK’s Asda to match some discounter prices in push for market share

LONDON (Reuters) -Asda, Britain’s third largest supermarket group, said it would match the prices of discounters Aldi and Lidl on hundreds of comparable grocery products, adopting a similar tactic to bigger rivals Tesco and Sainsbury’s. Asda, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said on Friday it has cut …

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Exclusive-Ghana official creditors to meet Monday, mull debt restructuring terms -sources

By Rachel Savage, Maxwell Akalaare Adombila and Jorgelina do Rosario JOHANNESBURG/ACCRA/LONDON (Reuters) – Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to the country, three sources told Reuters, a key step needed to secure its next tranche of funding from the International Monetary Fund. The bilateral …

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