Bavaria asks for nuclear power comeback under own responsibility after fresh exit

BERLIN (Reuters) – The German state of Bavaria wants to continue operating nuclear power plants under state own responsibility, State Premier Markus Soeder was quoted as saying, bringing a possible comeback for the power energy Germany finished phasing out on Saturday. The state, home to many of Germany’s most successful exporting manufacturers, wants the federal …

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Sudan clashes kill at least 25 in power struggle between army, paramilitaries

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Clashes between Sudan’s main paramilitary group and the armed forces on Saturday killed at least 25 people, a doctors’ group said, in an apparent struggle for control amid the country’s halting moves toward elections after a military coup. The Sudanese Doctors’ Union said 183 people were wounded …

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IMF sees high rates, oil prices and inflation worries in Middle East

WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour, …

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Yellen says US banks may tighten lending and negate need for more rate hikes

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the …

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IKEA lookalike ‘Swed House’ opens in Moscow to mixed reactions

MOSCOW (Reuters) – Belarusian furniture company Swed House, which sells items intended to look like those made by Swedish giant IKEA, opened its first store in Moscow on Saturday to a mixed initial reaction from consumers. IKEA halted all retail and production operations in Russia soon after Moscow started its “special military operation” against Ukraine, …

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Argentina looks to ease economic targets in IMF loan program, source says

MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a source said, as a severe drought hits exports and threatens to push the economy into recession. “All alternatives are on the table. Work will be …

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Hijacked Singapore-registered oil tanker recovered in Ivory Coast

ABIDJAN (Reuters) – A hijacked Singapore-registered oil tanker has been recovered and escorted to Abidjan port in Ivory Coast on Saturday, five days after it was captured by pirates in the Gulf of Guinea, the Ivorian military said. On Tuesday, Singapore’s port authority said the tanker had been boarded by “unidentified persons” about 300 nautical …

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Exclusive-Sri Lanka’s bondholders send debt rework proposal to government, sources say

By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding more than $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island nation …

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