(Reuters) -Jaguar Land Rover expects free cash flow of over 800 million pounds (about $1 billion) for the fourth quarter, boosted by a 24% rise in wholesale volumes as chip and other supply constraints eased, the luxury carmaker owned by India’s Tata Motors said on Thursday. Tata Motors, which acquired the British car maker in …
Jaguar Land Rover posts Q4 free cash flow about $1 billion Read More »
KHARTOUM (Reuters) – Sudan’s military leaders and a coalition of civilian parties have postponed the signing of a deal to launch a new political transition to democracy. The following outlines the struggle for power in Sudan in recent years: WHO HAS BEEN IN CHARGE IN SUDAN? Sudan began its halting transition towards democracy after military …
KHARTOUM (Reuters) – Below is a timeline of Sudan’s political upheavals in recent years: Dec. 19, 2018 – Hundreds protest in the northern city of Atbara against soaring bread prices. Demonstrations spurred by a broader economic crisis quickly spread to Khartoum and other cities. Security services respond with tear gas and gunfire. April 6, 2019 …
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in the sector. BaFin, Germany’s financial watchdog, has been increasing its focus on consumer protection in the …
Exclusive-German banks hit by wave of complaints from savers Read More »
By Harry Robertson LONDON (Reuters) – The pound hovered just below its highest level in 10 months on Thursday as investor focus turned to Friday’s U.S. jobs numbers. Sterling was last flat at $1.246, having touched its highest level since June – $1.253 – on Tuesday. Markets were subdued across the board on Thursday ahead …
Sterling hovers just below 10-month high, with focus on U.S. job numbers Read More »
By Dawit Endeshaw KURA KALICHA, Ethiopia (Reuters) – After three years of failed rains, the animals in the southern Ethiopian village of Kura Kalicha are dying. Dozens of decomposing cattle carcasses lie on the parched earth, their flesh picked over by scavengers. Jilo Wile, a local government official, fears the villagers will be next to …
In southern Ethiopia, drought kills livestock amid fears of what comes next Read More »
By Rachel Savage and Chris Mfula LUSAKA (Reuters) -The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent upon its bilateral creditors reaching an agreement on a long-delayed debt restructuring, the Fund said in a statement on Thursday. An IMF mission and Zambian officials completed a successful …
IMF: Zambia needs bilateral debt relief to secure next payout Read More »
By Naomi Rovnick and Sumanta Sen LONDON (Reuters) – Banking sector turmoil has not dented demand for equities, with MSCI’s world stock index up 7% so far this year. Hopes that the Federal Reserve and others could soon pause the most aggressive interest rate hiking cycle in decades has supported stocks even as sentiment more …
World stocks survive banking turmoil – but for how long? Read More »
By Libby George LONDON (Reuters) – Up to $520 billion in debt needs to be written off to help developing nations at greatest risk of default return to a sounder fiscal footing and meet climate and development goals, according to a Boston University report released on Thursday. The haircuts on debt owed to public and …
Up to $520bln in debt write-offs needed for emerging nations’ climate goals Read More »
By David Milliken LONDON (Reuters) -British house-building fell at the sharpest pace since May 2020 last month as the cost of higher interest rates outweighed an easing in supply chain difficulties that bolstered other types of construction, according to a survey released on Thursday. The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) fell to 50.7 …
UK house-building falls by most since 2020 as interest rates bite -PMI Read More »
