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U.S. suspends food aid to Ethiopia, says it is not reaching needy

By Giulia Paravicini NAIROBI (Reuters) -The U.S. Agency for International Development (USAID) said on Thursday it was suspending food aid to Ethiopia because its donations were being diverted from people in need. A spokesperson said USAID had determined, in coordination with the Ethiopian government, that a “widespread and coordinated campaign is diverting food assistance from …

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London stocks slip as interest rate angst persists; ex-div stocks weigh

(Fixes typographical error in 8th paragraph to make it “dividend” instead of “divided”) By Ankika Biswas and Shashwat Chauhan (Reuters) -British equities fell on Thursday, as sentiment around global interest rates remaining higher for a longer period pressured stocks, while Vodafone and Sainsbury going ex-dividend contributed to losses. The internationally-focused FTSE 100 slipped 0.3%, while …

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Children evacuated from orphanage where dozens died in Sudan’s capital

CAIRO (Reuters) – About 300 children have been evacuated from an orphanage in Sudan’s capital Khartoum where dozens of orphans were found last month to have died since mid-April due to nearby fighting between rival military factions. The International Committee of the Red Cross (ICRC), which facilitated the evacuation late on Wednesday, said the children …

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Pakistan needs convincing budget for any chance of more funds – IMF official

By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan has to satisfy the IMF on three counts, starting with a budget due on Friday, before its board reviews whether to release at least some of the $2.5 billion still pending under a lending programme expiring this month, an IMF official said. Esther Perez Ruiz, the International Monetary …

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